IG Petrochemicals Ltd's consolidated PAT for Q1FY24 drops to Rs. 35.64 crores

IG Petrochemicals Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 562.6553 crores during the period ended June 30, 2023 as compared to Rs. 610.8499 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 35.6413 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 38.1471 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 11.57 for the period ended June 30, 2023 as compared to Rs. 12.39 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 562.6553 crs	₹610.8499 crs	-7.89%
Net Profit	₹35.6413 crs	₹38.1471 crs	-6.57%
EPS	₹11.57	₹12.39	-6.62%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 562.6553 crores during the period ended June 30, 2023 as compared to Rs.664.1019 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.35.6413 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.81.0136 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.11.57 for the period ended June 30, 2023 as compared to Rs.26.30 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 562.6553 crs	₹664.1019 crs	-15.28%
Net Profit	₹35.6413 crs	₹81.0136 crs	-56.01%
EPS	₹11.57	₹26.30	-56.01%

Shares of IG Petrochemicals Limited was last trading in BSE at Rs. 466.85 as compared to the previous close of Rs. 461.60. The total number of shares traded during the day was 4548 in over 304 trades.

The stock hit an intraday high of Rs. 474.35 and intraday low of 465.70. The net turnover during the day was Rs. 2131970.00.

Source : Equity Bulls

Keywords

IGPetrochemicals Q1FY24 ResultUpdate