ALFA Finder
The call ran from 3:29 PM to 4:14 PM IST (45 min).
Key takeaways
Strong Q2 FY27: revenue up 63% to ₹770 Cr and EBITA margin near 18% vs 5.8%, but largely spread-driven. Management declined to guide on spread sustainability.
| Revenue growth | Q2 revenue +63% to ₹770 Cr; H1 +46%, realisation-driven. |
|---|---|
| Margins | EBITA margin 18% Q2 vs 5.8%; H1 19% vs 4.2%; partly spread-driven. |
| Demand visibility | Domestic demand healthy; supply constrained by feedstock; plasticizer demand growing 15-20%. |
| Management confidence | Balanced: cautiously optimistic; declines to commit on spread sustainability. |
Growth
Q2 revenue +63%, H1 +46%, driven by price realisation. Volume slightly lower YoY; plants at about 90% utilisation.
Outlook
Plasticizer 40-50k t next year (FY28); CDG plant by December; peak revenue ₹3,000-3,500 Cr at normalised prices.
Risks
Spread normalisation risk, with management declining to guide on sustainability. Plasticizer quality testing and ramp-up timing remain uncertain.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
What management said last time
Full summary →From the call summary published .
Outlook they gave
Plasticizer plant starting Sep 2026 targets ₹500-600 crore net revenue at full capacity.
Growth they described
Revenue rose 30% to ₹625 crore; EBITDA jumped to ₹120 crore from ₹13 crore YoY.
Call details
| Company | IG Petrochemicals Ltd |
|---|---|
| NSE symbol | IGPL |
| ISIN | INE204A01010 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 3:30 PM IST |
| Length | 45 min |
IG Petrochemicals Ltd: key numbers
- Share price
- ₹592.10
- Market cap
- ₹1,823 Cr
- Revenue (annual)
- ₹1,925 Cr
- Net profit (annual)
- ₹2.22 Cr
- P/E (TTM)
- 10.8×Sector 35.5×
- Promoter holding
- 68.74%+0.00% QoQ
- FII holding
- 2.88%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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