IG Petrochemicals Posts Q2 Loss, Bets Big on Biofuels and Delays Plant Timeline

IG Petrochemicals Ltd (IGPL) posted its Q2 FY2025 financial results, reporting a consolidated revenue from operations of ₹4.65 billion. However, the company recorded a consolidated loss after tax of ₹20 million for the quarter ended September 2025. The loss reflects margin pressures and market volatility in the petrochemical sector.

In a strategic move, IGPL’s board approved an investment of up to ₹1 billion in its subsidiary, IG Biofuels, underlining its commitment to green energy and diversification. Additionally, the company announced a revised completion timeline for its plasticizer plant, now expected to be operational by March 2026—delayed from its earlier target.

Key developments:

• Q2 FY25 revenue: ₹4.65 billion
• Q2 FY25 net loss: ₹20 million
• New investment: Up to ₹1 billion in IG Biofuels
• Project update: Plasticizer plant completion extended to March 2026

Sources: Reuters, IG Petrochemicals Investor Disclosures, IGPL Quarterly Results