{"id":151340,"date":"2023-08-04T14:08:45","date_gmt":"2023-08-04T18:08:45","guid":{"rendered":"https:\/\/44.250.171.167\/?p=151340"},"modified":"2023-08-04T14:08:47","modified_gmt":"2023-08-04T18:08:47","slug":"ig-petrochemicals-ltd-q1fy24-56-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/ig-petrochemicals-ltd-q1fy24-56-fall-in-profits\/","title":{"rendered":"IG Petrochemicals Ltd Q1FY24; 56% fall in Profits"},"content":{"rendered":"<p>IG Petrochemicals Ltd, incorporated in 1988, manufactures Phthalic Anhydride (PAN), Maleic Anhydride (MAN) and Benzoic Acid which are used in manufacturing of dyes, polyester resins etc.<\/p>\n<p><strong>Financial Results:<\/strong><\/p>\n<ul>\n<li>I G Petrochemicals Ltd reported Revenues for Q1FY24 of \u20b9555.00 Crores down from \u20b9660.00 Crore year on year, a fall of 15.91%.<\/li>\n<li>Total Expenses for Q1FY24 of \u20b9514.00 Crores down from \u20b9556.00 Crores year on year, a fall of 7.55%.<\/li>\n<li>Consolidated Net Profit of \u20b936.00 Crores down 55.56% from \u20b981.00 Crores in the same quarter of the previous year.<\/li>\n<li>The Earnings per Share is \u20b911.58, down 56.14% from \u20b926.40 in the same quarter of the previous year.<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-222-839x1024.png\" alt=\"\" class=\"wp-image-151341\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-222-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-222-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-222-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-222-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-222.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<p>*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish. <br>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IG Petrochemicals Ltd, incorporated in 1988, manufactures Phthalic Anhydride (PAN), Maleic Anhydride (MAN) and Benzoic Acid which are used in manufacturing of dyes, polyester resins etc. Financial Results: I G Petrochemicals Ltd reported Revenues for Q1FY24 of \u20b9555.00 Crores down from \u20b9660.00 Crore year on year, a fall of 15.91%. Total Expenses for Q1FY24 of [&hellip;]<\/p>\n","protected":false},"author":1917,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392],"tags":[8584],"class_list":["post-151340","post","type-post","status-publish","format-standard","hentry","category-infographics","category-earnings","tag-petrochemicals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":156511,"url":"https:\/\/alphastreet.com\/india\/i-g-petrochemicals-ltd-q2fy24-82-fall-in-profits\/","url_meta":{"origin":151340,"position":0},"title":"I G Petrochemicals Ltd Q2FY24; 82% fall in Profits","author":"Hardik Bhandare","date":"November 21, 2023","format":false,"excerpt":"I G Petrochemicals Ltd, incorporated in 1988, manufactures Phthalic Anhydride (PAN), Maleic Anhydride (MAN) and Benzoic Acid which are used in manufacturing of dyes, polyester resins etc. Financial Results: I G Petrochemicals Ltd reported Revenues for Q2FY24 of \u20b9502.00 Crores down from \u20b9569.00 Crore year on year, a fall of\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-275.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-275.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-275.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-275.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-275.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-275.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":152102,"url":"https:\/\/alphastreet.com\/india\/manali-petrochemicals-ltd-q1fy24-22-fall-in-revenue\/","url_meta":{"origin":151340,"position":1},"title":"Manali Petrochemicals Ltd Q1FY24; 22% fall in Revenue","author":"Karan_Singh","date":"August 9, 2023","format":false,"excerpt":"Incorporated in 1986, Manali Petrochemicals Limited manufactures and sells Propylene Oxide (PO), Propylene Glycol (PG) and Polyols (PY), which are used as industrial raw materials. Located in Chennai, the company is the only domestic manufacturer of Propylene Glycol. Also, it is the first and largest Indian manufacturer of Propylene Oxide\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-477.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-477.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-477.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-477.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-477.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-477.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":150515,"url":"https:\/\/alphastreet.com\/india\/mangalore-refinery-and-petrochemicals-ltd-q1fy24-63-fall-in-profits\/","url_meta":{"origin":151340,"position":2},"title":"Mangalore Refinery And Petrochemicals Ltd Q1FY24; 63% fall in Profits","author":"Karan_Singh","date":"July 31, 2023","format":false,"excerpt":"Mangalore Refinery & Petrochemicals Limited (MRPL) was set up as a joint venture (JV) between the AV Birla Group and Hindustan Petroleum Corporation Limited (HPCL). 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