Comprehensive Financial and Corporate Update for India Glycols Limited FY 2025-26
India Glycols Limited reported strong financial performance for FY 2025-26 with standalone revenue growth of 28% to ₹9,870 crore and net profit increase of 56% to ₹282 crore. The company declared an interim dividend of ₹7.50 per share but recommended nil final dividend for the year compared to ₹10.00 per share paid last year.
Financial Performance and Ratios
Key financial metrics showed significant improvement with EBITDA rising to ₹690.09 crore (FY25: ₹521.34 crore) and profit before tax reaching ₹366.70 crore (FY25: ₹241.78 crore). Important ratios included Debt-Equity at 0.54x (improved from 0.80x), Net Profit Margin at 7% (up from 6%), and Return on Equity maintained at 11%. The company completed a preferential issue raising ₹466.99 crore through allotment of 51,03,765 equity shares at ₹915 per share.
Segment Performance and Business Divisions
The company operates across four key segments: Bio-Based Specialities and Performance Chemicals (₹1,202 crore, 12.23% of revenue), Potable Spirits (₹6,946 crore, 70.69% of revenue), Power Alcohol/Bio-Fuel (₹1,470 crore, 14.96% of revenue), and Ennature Biopharma (₹208 crore, 2.12% of revenue). The demerger scheme for spirits and bio-pharma businesses into IGL Spirits Limited and Ennature Bio Pharma Limited progressed with NCLT approval and appointed date of April 1, 2026.
Annual General Meeting and Corporate Governance
The 42nd AGM is scheduled for August 19, 2026, to be held virtually with e-voting available from August 15-18, 2026. Key resolutions include adoption of financial statements, confirmation of interim dividend as final dividend, re-appointment of Alok Singhal as director, and ratification of cost auditor remuneration for FY27. Auditors issued unqualified opinions on both standalone and consolidated financial statements with no key audit matters identified.
Regulatory Compliance and Significant Events
The company implemented New Labour Codes resulting in ₹82.89 lakh exceptional employee benefit expense. Environmental compliance included Zero Liquid Discharge at all plants with GHG emissions reported at 14,60,483 MT CO2e (Scope 1) and 1,04,311 MT CO2e (Scope 2). CSR spending of ₹42.4 crore focused on education, healthcare, and rural development in Uttarakhand. Several tax disputes remain pending, including customs duty dispute of ₹33.43 crore.
Corporate Structure and Signatories
The Board's Report was signed by Chairman and Managing Director U.S. Bhartia, while financial statements were approved by CEO Rupark Sarswat, CFO Anand Singhal, and Company Secretary Ankur Jain. Auditor B.R. Goyal of K.N. Gutgutia & Co. provided the audit opinion. The company confirmed compliance with all SEBI Listing Regulations and Companies Act requirements, with no material orders impacting going concern status.