IGPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IG Petrochemicals reported Q4 FY26 revenue of Rs. 530 crores (up 9% YoY) with EBITDA of Rs. 75 crores, showing sequential recovery with EBITDA margin improving to 14.1% from 11.1% in Q4 FY25. However, full-year FY26 performance declined significantly with revenue at Rs. 1,954 crores (down 12.5% from Rs. 2,234 crores), EBITDA at Rs. 130 crores (down 47.5%), and PAT at Rs. 23.2 crores (down 79.4% from Rs. 112.5 crores). The company achieved mechanical completion of its 100,000 MT capacity Plasticizer plant in March 2026 and the CBG plant is targeted for completion by Q2 FY27. The Board recommended a dividend of Rs. 5 per share. IGPL maintains its leadership position with ~50% share in India's PAN market and is India's sole Maleic Anhydride producer.
The sharp decline in FY26 annual profitability despite Q4 recovery suggests ongoing margin pressure from elevated raw material costs and geopolitical disruptions. Near-term stock could face pressure due to weak full-year earnings, though the new Plasticizer plant and CBG project provide diversification upside. The dividend offers some investor comfort.