Q2 2026 I G Petrochemicals Ltd Earnings Call Transcript
Key Points
- IG Petrochemicals Ltd (BOM:500199) is one of the largest manufacturers of Phthalic Anhydride in India and the second largest globally, with a capacity of 2.75 million tons.
- The company is venturing into green chemistry and sustainable initiatives, including setting up a biogas plant and a plastic waste recycling facility.
- IG Petrochemicals Ltd (BOM:500199) is investing in advanced plasticizers, with a new plant expected to be commissioned by March 2026, which will initially have a capacity of 75,000 tons.
- The company has maintained a strong balance sheet, remaining net debt-free and converting most of its debt from EUR to INR to mitigate currency risk.
- IG Petrochemicals Ltd (BOM:500199) is integrating renewable energy sources like solar power and natural gas to reduce its carbon footprint and energy costs.
- The company's performance was affected by geopolitical issues, volatile crude pricing, and weak demand from Western markets, impacting overall profitability.
- There were mark-to-market losses on EUR loans, and the company had to write off INR5 crore due to an incident at one of its units.
- The Maleic Anhydride market is facing challenges with prices at an all-time low, affecting revenue and profitability.
- The company experienced temporary shutdowns for maintenance, affecting production volumes and sales.
- Interest costs have impacted operating profits, with the company expecting total interest costs to be between INR30 crore to INR35 crore annually.
Ladies and gentlemen, good day and welcome to the IG Petrochemical Limited Q2 FY26 earnings conference call.
This conference call may contain forward-looking statements about the company which are based on the beliefs, opinions, and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involves risks and uncertainties that are difficult to predict.
(Operator Instructions)
I now hand the conference over to Mr. Pramod Bhandari.
Thank you and over to you, sir.
Yeah, hi. Good afternoon, everyone.
Thank you for joining us today. We are happy to welcome all of you on behalf of IG Petrochemical Limited. We have SG as our investor relation advisor.
We trust all of you have got the opportunity to review the financial performance and the results, including the investor presentation available on the exchange as well as our company website.
Let me give you a brief overview
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
