Specialty Chemicals company Neogen Chemicals announced Q1FY26 results Revenues stood at Rs 187 crore, higher by 4% YoY. EBITDA for Q1FY26 is Rs 32 crore, higher by 2% YoY. EBITDA Margin stood at 16.9%. Profit after tax for Q1FY26 stood at Rs 10 crore. PAT largely mirrored operational performance. Earnings per share (EPS) for Q1FY26 stood at Rs 3.89 per share (Rs 4.35 per share in Q1FY25) not annualised. Haridas Kanani, Chairman & Managing Director, Neogen Chemicals said: "We delivered a resilient performance in Q1FY26, demonstrating the inherent strength of our diversified business model, even with our Dahej plant unavailable for the entire quarter due to the unfortunate fire. Volume-driven growth was propelled by our base business. Additionally, Neogen Ionics began contributing by initiating Commercial Sales in both Electrolyte and Lithium Electrolyte Salts. Despite the prevailing soft pricing environment, we effectively maintained our performance showcasing the strength and agility of our business model. Our strategic initiatives are moving forward with good momentum, as is our recovery from the fire incident. We have secured initial insurance claims and the rebuilding of our Dahej plant is progressing swiftly aiming for completion by next year. Concurrently, our greenfield facility at Pakhajan for Electrolyte and Lithium Salts is taking shape, with key milestones accomplished and vital equipment ordered. This project is a cornerstone of our future growth. Looking ahead, our vision for Neogen Chemicals remains ambitious and clearly defined. The proposed JV with Morita is a testament to our long-term strategy, firmly positioning us in the rapidly growing battery chemicals sector. While we have adjusted our near-term revenue guidance to reflect current operational realities, our long-term trajectory is robust. We are confidently building a stronger, more diversified Company, ready to capitalize on future opportunities.” Result PDF
Conference Call with Neogen Chemicals Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Specialty Chemicals company Neogen Chemicals announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenues stood at Rs 203 crore, reflecting a YoY growth of 2%. EBITDA came in at Rs 36 crore, marking a 2% increase compared to the previous year. Profit Before Tax (PBT) was Rs 18 crore, showing a decline of 21% YoY. Adjusted Profit Before Tax amounted to Rs 4 crore, representing a sharp drop of 84% YoY. Profit After Tax (PAT) stood at Rs 2 crore, down by 86% YoY. FY25 Financial Highlights: Revenues were Rs 778 crore, reflecting a YoY growth of 13%. EBITDA amounted to Rs 136 crore, up by 24% YoY. Profit Before Tax (PBT) was Rs 64 crore, showing an increase of 22% YoY. Adjusted Profit Before Tax stood at Rs 50 crore, marking a decline of 5% YoY. Profit After Tax (PAT) came in at Rs 35 crore, down by 2% YoY. Commenting on the Q4FY25 performance, Haridas Kanani, Chairman & Managing Director, Neogen Chemicals said: "We have closed FY25 on a strong note, achieving 13% revenue growth & 24% improvement in EBITDA. We accomplished this against a difficult & challenging global industry backdrop. This led to weak pricing, despite some pockets of domestic demand resilience. In addition, our Dahej plant was not fully operational towards the end of Q4 due to the fire incident. Our solid performance was a result of our ability to swiftly adapt to a challenging environment by strategically pivoting towards product applications that had favorable demand. Concerning the recent fire incident at our Dahej plant, I would like to reassure all our stakeholders that this is just a temporary setback. With our dedicated team and unwavering resolve, we are confident we will not only overcome the setback but emerge stronger and more efficient. In fact, we have already begun construction of another plant at an adjacent location at the same site which will replace the existing plant. We are making strong progress on the Neogen Ionics' Lithium Salts and Electrolytes project. As several domestic battery manufacturers are set to commence production in FY26, boosting demand for battery materials, we are also on track to commission, by the end of FY26, our greenfield Battery Materials facility, using MUIS technology. While FY25 was a challenging year, the road ahead looks promising. Neogen Chemicals is well poised to leverage its expertise across multiple chemistries to drive sustained growth going forward. In addition to actively focusing on higher-value specialty chemicals, significant contribution from upcoming lithium-ion battery materials segment will further diversify our revenue streams and accelerate our growth trajectory.” Result PDF
Specialty Chemicals company Neogen Chemicals announced Q3FY25 results Revenues: Rs . 201.4 crore during Q3FY25, change 22% YoY. EBITDA: Rs 34.6 crore during Q3FY25, change 71% YoY. PBT: Rs 15.3 crore during Q3FY25, change 263% YoY. PAT: Rs 10 crore during Q3FY25, change 844% YoY. Haridas Kanani, Chairman & Managing Director, Neogen Chemicals, said: “Our Q3FY25 results demonstrate a robust recovery, with revenue up 22% and EBITDA up 71%. This growth is attributed to strong ramp-up in BuLi Chem and sustained growth in the base business volumes. Higher topline was achieved despite lower RM prices and resultant realizations acrossseveral product categories. New product launches and the pursuit of export opportunities drove the robust recovery. To mitigate the persistent slowdown in agrochemicals, we have strategically created additional end-use sectors such as semiconductors, flavors & fragrances and select industrial CSM opportunities. This highlights the adaptability of our agile business model, enabling us to meet evolving market needs and capitalize on emerging opportunities. Neogen Ionics is rapidly advancing its Lithium Salts and Electrolyte projects. A major ACC battery manufacturer has already started trial production plant in India, with several others preparing to do so within the next two years. This will drive their demand for local procurement of both Electrolyte and Lithium Salt. Meanwhile, we are supplying products from our initial capacity to potential manufacturers, aiming to establish long-term customer partnerships. We are on schedule to commission our greenfield Battery Materials facility in the second half of FY26. This facility, using MUIS technology, is taking shape with majority of erection and engineering works now complete. The modular construction process is proceeding with equipment assembly and installation. Overall, we are confident of achieving FY26 revenue guidance of Rs 950-1,000 crore in the standalone business. Beyond FY26, the rapid scale up in Neogen Ionics will drive consolidated performance. We maintain a long-term growth strategy, undeterred by short-term setbacks. Neogen Chemicals remains committed to capitalizing on emerging opportunities to generate sustained value for all stakeholders.” Result PDF