IG Petrochemicals profitability shines
DSIJ Intelligence / 14 Feb 2017
IG Petrochemicals has declared its quarterly earnings. The company’s revenue increased 15 per cent to Rs 238 crore in Q3FY17 as compared to the same period in previous financial year.
IG Petrochemicals has declared its quarterly earnings. The company’s revenue increased 15 per cent to Rs 238 crore in Q3FY17 as compared to the same period in previous financial year. Its EBITDA boosted by more than double to Rs 37.57 crore in Q3FY17 on yearly basis. IG Petrochemicals’ PAT sky rocketed and increased four times to Rs 23.16 crore in Q3FY17 on YoY basis.
On nine-months financial front, IG Petrochemicals’ topline increased by 1 per cent to Rs 739 crore in 9MFY17 on yearly basis. The company’s EBITDA too rose by 32 per cent to Rs 90 crore in 9MFY17 as compared to the same period in previous financial year. Its PAT boosted by 52 per cent to Rs 74 crore in 9MFY17 on yearly basis.
IG Petrochemicals management is confident about the company’s operation and may see sustained continuous growth in the future. The share price of IG Petrochemicals increased 4.34 per cent on bourses in early trade and is trading at Rs 308.65 in an intraday basis.
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