I G Petrochemicals Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- I G Petrochemicals Ltd reported a 3.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 14.4%.
- Its expenses for the quarter were down by 4.2% QoQ and up 2.9% YoY.
- The net profit increased 9.1% QoQ and decreased 287.3% YoY.
- The earnings per share (EPS) of I G Petrochemicals Ltd stood at 9.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 565.81 | 587.02 | 494.65 | -3.6% | 14.4% |
Total Expenses | 529.60 | 552.73 | 514.62 | -4.2% | 2.9% |
Profit Before Tax | 36.21 | 34.29 | -19.97 | 5.6% | -281.3% |
Tax | 7.67 | 8.11 | -4.73 | -5.4% | -262.2% |
Profit After Tax | 28.54 | 26.17 | -15.24 | 9.1% | -287.3% |
Earnings Per Share | 9.30 | 8.50 | -5.00 | 9.4% | -286.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
I G Petrochemicals Ltd is a prominent player in the petrochemical industry, primarily engaged in the manufacturing and sale of phthalic anhydride. This chemical is widely used in the production of plasticizers, alkyd resins, and unsaturated polyester resins, among other applications. The company operates within a competitive sector that is influenced by global demand for industrial chemicals and raw materials. Recent developments in the industry may include fluctuations in raw material prices and regulatory changes affecting chemical production. However, specific recent major developments for I G Petrochemicals Ltd are not available in the provided data.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), I G Petrochemicals Ltd reported a total income of ₹565.81 crores. This represents a decrease of 3.6% compared to the second quarter of the fiscal year 2025 (Q2FY25) where the total income was ₹587.02 crores. However, when compared to the third quarter of the fiscal year 2024 (Q3FY24), the total income has increased by 14.4%, up from ₹494.65 crores. This year-over-year growth indicates a robust increase in revenue streams compared to the prior year, despite a quarter-on-quarter decline.
Profitability
The company achieved a profit before tax of ₹36.21 crores in Q3FY25, marking a 5.6% increase from ₹34.29 crores in the previous quarter (Q2FY25). This demonstrates a recovery from a loss of ₹19.97 crores in Q3FY24, showcasing a significant year-over-year improvement of 281.3%. The tax expense for Q3FY25 was ₹7.67 crores, slightly lower than ₹8.11 crores in Q2FY25, and a substantial increase from a negative tax figure of ₹4.73 crores in Q3FY24. The profit after tax rose to ₹28.54 crores in Q3FY25, up 9.1% from Q2FY25's ₹26.17 crores, and a remarkable turnaround from a loss of ₹15.24 crores in Q3FY24, reflecting a year-over-year change of 287.3%.
Operating Metrics
The earnings per share (EPS) for Q3FY25 was reported at ₹9.30, increasing by 9.4% from ₹8.50 in Q2FY25. This is a significant improvement from a negative EPS of ₹5.00 in Q3FY24, indicating a 286.0% year-over-year change. Total expenses for the quarter were ₹529.60 crores, representing a decrease of 4.2% from ₹552.73 crores in Q2FY25, and a slight year-over-year increase of 2.9% from ₹514.62 crores in Q3FY24. These figures reflect the company’s efforts in managing operational costs effectively across the quarters, contributing to the improved profitability metrics.
