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Earnings Call Transcript

India Glycols Earnings Call Transcript: Key Takeaways

India Glycols posted a record Q1 with 19% net revenue growth and 32% PAT growth, driven by its Bio-Pharma segment. Management is aggressively pivoting toward a premium-led consumer model through restructuring and new liquor brand partnerships.

Highlights
Revenue growth19% YoY net revenue growth to ₹1,129 Cr.
MarginsImproving, EBITDA margin reached 15% vs 14.3% last year.
Demand visibilityStrong Spirits demand; mixed visibility in Chemicals due to exports.
Management confidenceExtremely high, using aspirational multi-year EBITDA targets.

Growth

Revenue grew 19% YoY to ₹1,129 Cr, supported by a 65% surge in Bio-Pharma revenues.

Outlook

Aspirations to deliver ₹500 Cr EBITDA in Spirits and ₹2,500 Cr revenue in Chemicals over 4-5 years.

Risks

High volatility in freight rates (up 5-20x) and raw material costs like Ethylene Oxide pose margin risks.

Last quarter's promises, checked

Delivered

  • Guided 20% ethanol blending → reached 20% (= BEAT)
  • Guided debt reduction → prepaid ₹804 Cr debt (= BEAT)
  • Guided IMFL premiumization → 25% UP top-line growth (= BEAT)

Partly delivered

  • Guided Chemicals growth → Net revenue down 10.4% despite EBIT rise (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, NSE: INDIAGLYCO. Summary written with AI assistance from the document.

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India Glycols Ltd: key numbers

Share price
₹309.90
Market cap
₹2,077 Cr
Revenue (annual)
₹4,211 Cr
Net profit (annual)
₹292.8 Cr
P/E (TTM)
6.6×Sector 37.5×
Promoter holding
59.63%+0.00% QoQ
FII holding
2.24%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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India Glycols Limited announced that its subsidiary, IGL Spirits Limited, approved share allotment under a Scheme of Arrangement and appointed new key managerial personnel.