93% drop in Q2 profit despite record sales: Why rising input cost is squeezing IGL
Indian markets moved higher in a quarterly results development for Q2 FY27.
· Business Today Mkts
IGL's net profit declined to ₹24.38 crore in Q2 FY27 from ₹372.51 crore in the corresponding quarter last year. The decline came despite an 8% increase in sales volumes and a 26% jump in gross sales turnover, which rose to ₹5,999.13 crore from ₹4,431.63 crore.
Key facts
- Period
- Q2 FY27
The analysis
This is an Input cost / crude event. India imports most of its crude, so input costs pass through to margins downstream and to the rupee. Producers and consumers of the same input move in opposite directions.
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