India Glycols reports Q1 net profit at Rs 26 crore

India Glycols has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit has come into black for the quarter ended June 30, 2011 at Rs 25.77 from loss of Rs 7.69 crore for the corresponding quarter last year. Total income has increased by 180.13% at Rs 946.94 crore for the quarter under review from Rs 338.03 crore for the same quarter last year.

India Glycols (IGL) is engaged in the business of manufacturing glycols, ethoxylates and PEGs, performance chemicals, glycol ether and acetates, guar gum and potable alcohol. Promoted by Vam Organics, the company was incorporated under the name as UP Glycols.