IG Petrochemicals Limited has informed the Exchange about Investor Presentation
IGPL · price
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IG Petrochemicals, India's largest Phthalic Anhydride (PAN) maker with ~50% market share, shared its Q3 FY26 investor presentation. Revenue fell to Rs 471.3 crore (from Rs 566.7 crore YoY) and the company slipped to a loss with PAT of Rs -7.2 crore versus a profit of Rs 27.7 crore a year ago. EBITDA margin collapsed to 3.3% from 9.6% YoY as management acknowledged 'compressed margins' in PAN. For 9M FY26, revenue dropped to Rs 1,424 crore and the company posted a loss of Rs 14 crore versus a profit of Rs 91.5 crore last year. Capacity expansion is on track: a 1 lakh ton Plasticizer plant (Rs 165 crore capex) and DEP de-bottlenecking (8,400 to 12,000 tons) are expected to mechanically complete by March 2026, with a Compressed Biogas plant targeted for Q2 CY26. Exports contributed about 15% of Q3 revenue.
The sharp YoY decline in profitability and ongoing margin pressure are negatives for the stock in the near term, though the upcoming Plasticizer and CBG capacity could support a recovery if margins normalise. Investors should watch for margin improvement and successful commissioning of the new plants.