I G Petrochemicals Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 01, 2021 at 08:46 am EDT
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I G Petrochemicals Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 4,710.84 million compared to INR 2,423.64 million a year ago. Revenue was INR 4,731.05 million compared to INR 2,431.31 million a year ago. Net income was INR 650.42 million compared to INR 231.65 million a year ago. Basic earnings per share from continuing operations was INR 21.12 compared to INR 7.52 a year ago.
For the six months, sales was INR 8,585.62 million compared to INR 3,844.68 million a year ago. Revenue was INR 8,616.89 million compared to INR 3,861.62 million a year ago. Net income was INR 1,165.24 million compared to INR 253.91 million a year ago. Basic earnings per share from continuing operations was INR 37.83 compared to INR 8.24 a year ago.
I G Petrochemicals Limited (IGPL) is engaged in the manufacturing of phthalic anhydride and maleic anhydride. The Company is engaged in the manufacture and sale of organic chemicals. It also produces benzoic acid and diethyl phthalate (DEP). Phthalic Anhydride is used in poly vinyl chloride (PVC) products, pipes and hoses, boxes, container, and shoes, wires, and cables; alkyd resins and paints, such as paints, lacquers, dyes insect repellents, and urethane polyester polyols, and unsaturated polyester resin, such as thermostat for manufacturing of fiberglass-reinforced plastics. Benzoic Acid is used in perfumes, dyes, topical medications, insect repellants, and food preservatives. Maleic Anhydride is used in the manufacturing of lubricating oil additives, personal care products, water treatment, detergents, insecticides and fungicides, and unsaturated polyester resins (UPR). It produces maleic anhydride through wash water generated out of the production process.
I G PETROCHEMICALS LIMITED 
