Q4FY17 Results: IG Petrochemicals Hits 52-Week High On Strong Numbers

IG petrochemicals touched its fresh 52-week high on Thursday taking cues from its strong Q4FY17 number.

The stock touched Rs 441.90 per share on NSE, also making its new 52 weeks high on Thursday. 

IG Petrochemicals has declared its Q4FY17 results on Wednesday after market hours.
The company’s revenue increased 35% to Rs 289 crore in Q4FY17 on YoY basis.

Its EBITDA rose 96% YoY to Rs 45.6 crore in Q4FY17.
Its PAT also soared 134 per cent to Rs 28.1 crore in Q4FY17 on YoY basis.

The company's two-pronged approach of rapidly scaling-up of the manufacturing capacities and optimising cost efficiencies is believed to be the reason behind such superlative performance according to the company management.

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