India Glycols posts higher Q4 sales, profit and raises capital ahead of demerger

India Glycols Limited delivered a strong performance for the December 2025 quarter, characterized by steady top-line growth and a significant double-digit increase in profitability.

• Revenue: The company reported revenue of ₹2,551.1 million for the December 2025 quarter, representing a steady 5.8% growth over the ₹2,410.7 million recorded in the previous quarter. Year-to-date (YTD) revenue reached ₹7,466.6 million, up from ₹6,850.3 million in the prior year.
• Profit After Tax (PAT): Net profit jumped 21% to ₹65.3 million for the quarter, up from ₹53.9 million in the preceding three-month period. On a YTD basis, profit surged 32% to ₹172.1 million, compared to ₹130.0 million a year earlier.
• EBITDA: Operating performance improved as EBITDA rose to ₹177.2 million, up from ₹160.3 million in the previous quarter.
• Key Operational Highlights:
  • Potable Spirits continues to be the company’s powerhouse, contributing ₹1,793.5 million (approximately 70%) of total quarterly revenue.
  • The Bio-Fuel segment reported revenue of ₹394.3 million, showing notable growth driven by rising demand for renewable fuels.
  • Bio-based Specialities & Performance Chemicals contributed ₹313.0 million to the top line during the quarter.
• Strategic Corporate Actions:
  • Demerger Update: The company received NCLT approval on January 15, 2026, to spin off its Spirits and Bio-Fuel businesses into a separate listed entity, IGL Spirits Ltd. This move is designed to sharpen business focus and unlock valuation.
  • Capital Infusion: India Glycols successfully raised approximately ₹4.67 billion through an equity issuance at ₹915 per share, significantly strengthening the balance sheet ahead of the demerger.
  • Stock Split: A 2-for-1 stock split was implemented in August 2025, doubling the share count to 61.92 million to enhance market liquidity.
• Financial Position: Following the capital raise, the paid-up equity capital stands at ₹33.51 billion. Finance costs remained contained at ₹46.8 million for the quarter, suggesting manageable debt levels.