IG Petrochemicals records robust growth in Q3 PAT and revenue

4 Feb 2022 , 04:28 PM

IG Petrochemicals Ltd in the December 2021 (Q3FY22) quarter reported strong performance for the quarter with an over 95% YoY increase in its total income.

The company reported consolidated revenue of Rs 507 crore for the quarter ended December 2021 against Rs 314.80 crore for the previous corresponding quarter, up by 61% YoY. Its consolidated revenue for the 9M period ending December 2021 stood at Rs 1365.56 crore as against Rs 699.21 crore for 9M ending December 2020.

Its PAT for the quarter ended December 2021 stood at Rs 75.10 crore as compared to Rs 63.22 crore for the previous corresponding quarter, recording a growth of 18.80% YoY. For the 9M-period ended December 2021, PAT stood at Rs 193.07 crore against Rs 89.07 crore for the 9M period ended December 2020, reflecting a gain of 116.76% YoY.

Total consolidated income for the quarter ended December 2021 stood at Rs 508.02 crore against Rs 315.48 crore for the quarter ended December 2020, up by 61.31% YoY. TCI for the quarter 9M ending December 2021 stood at Rs 1370.61 crore as against Rs 701.64 crore for the corresponding 9M period, up by 95.34% YoY.

IG Petrochemicals closed at Rs718.30 down by Rs23.45 or 3.16% from its previous closing of Rs741.75.