IGPL FY25 Profit after tax grew 2.8 times to Rs. 112 crores for the year

 

  • IGPL FY25  Profit after tax grew 2.8 times to Rs. 112 crores for the year  


  •   IGPL is the largest manufacturer of Phthalic Anhydride (PAN) in India and ranks second globally. It is one of the most cost-efficient producers of PAN globally and commands more over 50% market share in India.  
  •  IGPL has five state of the art plants of PAN located at MIDC, Taloja in Raigad District, Maharashtra with proximity to the chemical belt in Western India and ports with an upcoming Advance Plasticizer plant at the same location.
  •   •PAN is a white crystalline solid which transforms to colourless liquid upon heating. It is a versatile intermediate in organic chemistry for the production of Plasticizers, Unsaturated Polyester Resins, Alkyd Resins, Paints & CPC Pigments.  
  • DEP is a downstream derivative of PAN. IGPL forayed in the manufacturing of DEP in FY22. 
  • •IGPL also produces Benzoic Acid from wash water which is derived while manufacturing PAN.    
  • Targeting to generate upto ~30% revenue from non-PAN business in the coming years
  • Approved Project for production of Pyrolysis Oil by entering into sustainable plastic waste chemical recycling thereby converting the plastic waste to pyrolysis oil 
  • Setting up Compressed Biogas (CBG) plant to explore the existing and upcoming opportunities in India 
  • Setting-up of Advance Plasticizer plant downstream products of PAN  
  • Board has recommended a dividend of Rs. 10 per equity share of Rs 10 each for the financial year ended 31st March 2025 
  • The board has approved a Rs. 16 Crores project for production of Pyrolysis Oil by entering into sustainable plastic waste chemical recycling thereby converting the plastic waste to pyrolysis oil. 
  • Construction of Advance Plasticizer plant is expected to be completed by Q3 FY26. 
  • Export contribution for FY25 stood at ~8% 
  • Profit after tax grew 2.8 times to Rs. 112 crores for the year      
  • The construction of the CBG plant had commenced last quarter and is expected to be completed by June 2026.   

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