Stock Report

I G Petrochemicals Ltd posts decline in Q2 FY24 consolidated PAT to Rs. 10.07 crores



Posted On : 2023-11-04 14:36:34( TIMEZONE : IST )

I G Petrochemicals Ltd posts decline in Q2 FY24 consolidated PAT to Rs. 10.07 crores

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

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 509.0770 crores during the period ended September 30, 2023 as compared to Rs. 562.6553 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 10.0751 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 35.6413 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 3.27 for the period ended September 30, 2023 as compared to Rs. 11.57 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 509.0770 crs ₹562.6553 crs Up Tick / Down Tick-9.52%
Net Profit ₹10.0751 crs ₹35.6413 crs Up Tick / Down Tick-71.73%
EPS ₹3.27 ₹11.57 Up Tick / Down Tick-71.74%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 509.0770 crores during the period ended September 30, 2023 as compared to Rs.574.7975 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.10.0751 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.55.3652 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.3.27 for the period ended September 30, 2023 as compared to Rs.17.98 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 509.0770 crs ₹574.7975 crs Up Tick / Down Tick-11.43%
Net Profit ₹10.0751 crs ₹55.3652 crs Up Tick / Down Tick-81.80%
EPS ₹3.27 ₹17.98 Up Tick / Down Tick-81.81%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.1071.7323 crores during the 6 Months period ended September 30, 2023 as compared to Rs.1238.8994 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.45.7164 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.136.3788 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.14.84 for the 6 Months period ended September 30, 2023 as compared to Rs.44.28 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹1071.7323 crs ₹1238.8994 crs Up Tick / Down Tick-13.49%
Net Profit ₹45.7164 crs ₹136.3788 crs Up Tick / Down Tick-66.48%
EPS ₹14.84 ₹44.28 Up Tick / Down Tick-66.49%

Shares of IG Petrochemicals Limited was last trading in BSE at Rs. 465.10 as compared to the previous close of Rs. 485.35. The total number of shares traded during the day was 2161 in over 396 trades.

The stock hit an intraday high of Rs. 496.45 and intraday low of 450.00. The net turnover during the day was Rs. 1022682.00.

Source : Equity Bulls

Keywords

IGPetrochemicals Q2FY24 H1FY24 ResultUpdate