I G Petrochemicals Ltd (IGPL) — concall transcript | 30 June 2026

I G Petrochemicals reported Q1 FY27 revenue of INR625 crores, up 30% YoY, with EBITDA margin expanding to 19.2% and PAT at INR71 crores. Management highlighted strong demand recovery in phthalic anhydride and plasticizer segments, successful DEP plant debottlenecking, and gross margins of 33%. They noted current phthalic spreads of $200-$250, driven by freight disruptions and import parity, not structural upcycles. The plasticizer plant, now at 10,000 tons capacity, is expected to generate INR500-600 crores net revenue at full scale. Export volumes face logistics constraints, impacting 7-10% of sales. Inventory gains added INR10-15 crores. The company emphasized temporary geopolitical-driven margin pressure, not sustainable growth trends.