IG Petrochemicals Q2 FY27 Results: Consolidated Net Profit ₹85.01 Crore on Total Income of ₹769 Crore
- Earnings
- organic chemicals
Reviewed byKeshav SehgalBlacklitt Research
IG Petrochemicals (NSE: IGPL) reported consolidated total income of ₹769.01 crore and a consolidated net profit of ₹85.01 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹769.67 crore and standalone net profit ₹90.39 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹769.01 crore, up 63.3% YoY and 23.2% QoQ
- Net profit and EPS: ₹85.01 crore against a loss of ₹2.00 crore a year ago; basic EPS ₹21.57
- Finance costs: ₹9.30 crore, down 16.9% YoY and 13.4% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹769.67 crore, up 63.2% YoY and 23.1% QoQ
- Net profit and EPS: ₹90.39 crore against ₹1.42 crore a year ago; basic EPS ₹23.04
- Interim dividend: ₹10 per share, 100% of face value, record date 13 Nov 2026
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 769.01 | 470.91 | +63.3% | 624.41 | +23.2% | |
| Revenue from operations | 758.96 | 465.34 | +63.1% | 617.80 | +22.8% |
| Other income | 10.04 | 5.57 | +80.3% | 6.61 | +51.9% |
| 85.01 | -2.00 | n/a | 66.44 | +27.9% | |
| Profit before tax | 115.50 | -1.42 | n/a | 90.39 | +27.8% |
| Finance costs | 9.30 | 11.18 | -16.9% | 10.74 | -13.4% |
| Depreciation | 17.63 | 16.02 | +10.1% | 17.66 | -0.2% |
| Tax expense | 30.49 | 0.59 | n/a | 23.95 | +27.3% |
| Net profit margin | 11.05% | -0.43% | +11.48 pp | 10.64% | +0.41 pp |
| EPS, basic (₹) | 21.57 | -0.65 | n/a | 27.60 | -21.8% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
The auditors' limited review report on both the standalone and consolidated results is unqualified. For the consolidated results, it notes that four subsidiaries' interim financial information, with total assets of ₹253.78 crore before consolidation adjustment, has not been reviewed by their auditors and was certified by management. The auditors say these amounts are not material to the group.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 769.67 | 471.61 | +63.2% | 625.07 | +23.1% | |
| Revenue from operations | 758.96 | 465.34 | +63.1% | 617.80 | +22.8% |
| Other income | 10.71 | 6.27 | +70.9% | 7.27 | +47.2% |
| 90.39 | 1.42 | n/a | 70.97 | +27.4% | |
| Profit before tax | 120.89 | 2.01 | n/a | 94.92 | +27.4% |
| Finance costs | 8.07 | 10.18 | -20.8% | 9.57 | -15.7% |
| Depreciation | 15.46 | 15.15 | +2.0% | 15.51 | -0.3% |
| Tax expense | 30.49 | 0.59 | n/a | 23.95 | +27.3% |
| Net profit margin | 11.74% | 0.30% | +11.44 pp | 11.35% | +0.39 pp |
| EPS, basic (₹) | 23.04 | 0.46 | n/a | 29.35 | -21.5% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income of ₹769.67 crore is ₹0.66 crore above the consolidated figure. The standalone other income of ₹10.71 crore is ₹0.67 crore above consolidated other income of ₹10.04 crore, while revenue from operations is the same in both at ₹758.96 crore.
Standalone net profit of ₹90.39 crore is ₹5.38 crore above the consolidated ₹85.01 crore. Standalone finance costs of ₹8.07 crore are 1.0% of total income.
Standalone net profit rose 27.4% QoQ, a little slower than the consolidated 27.9%. Standalone EPS of ₹23.04 compares with ₹0.46 a year earlier and ₹29.35 in the quarter before.
Inference
The filing declares an interim dividend of ₹10 per equity share for FY 2026-27, with a record date of 13 Nov 2026. The cash flow statement shows ₹30.79 crore paid as dividend in the half year ended 30 Sep 2026.
The consolidated half year profit after tax is ₹151.45 crore, against a loss of ₹14.99 crore in the year-earlier half. The filing does not say the reason for the swing from a consolidated loss a year ago to a profit this quarter, nor the expected outcome of the liquidation of IGPL Energy Limited.
Filed with BSE on . Reference: Original filing (PDF)
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