IG Petrochemicals Profit grew by 11%

Published On: November 15th 2018 at 7:05 PM

• Total Revenue was up 26% to Rs. 678 crores as compared to Rs. 538 crores in the corresponding period of the previous year.

• EBITDA up 20% to Rs. 159 crores as compared to Rs. 133 crores in the corresponding period of the previous year. EBITDA Margins are at 23.4%.

• Profit after Tax up 11% to Rs. 81 crores as compared to Rs. 73 crores in the corresponding period of the previous year. PAT Margins are at 11.9%.

• During the last quarter, there was a planned shutdown of PA2 plant due to catalyst change.

About I G Petrochemicals Limited

I G Petrochemicals Limited being the flagship Company of the Dhanuka Group, is the largest manufacturer of Phthalic Anhydride (PA) in India. It is one of the Lowest Cost producer of Phthalic Anhydride globally. PA is a downstream product of Orthoxylene (OX) a basic Petrochemical. PA is a versatile intermediate in organic chemistry. PA is used as an
intermediate for the production of Plasticizers, Unsaturated Polyster Resins, Alkyd Resins & Polyols. PA is used in a variety of application in both consumer durables to non consumer durables. Applications for PA are increasing rapidly, driven by new Research & Innovation. The company has 3 manufacturing facilities at a single location at Taloja in Maharashtra.