Neogen Chemicals (Neogen) delivered a subdued financial performance in the quarter. Profitability was impacted on account of rise in insurance premiums, increase in finance costs owing to rebuilding of the Dahej MPP (post the fire incident) increased overheads at Neogen Ionics and interim outsourcing costs. The demand for Electrolytes and Salts has been delayed by 6 to 12 months owing to the delays in EV ramp up. However we continue to remain positive on the battery chemicals theme as growth from EVs and Battery Energy Storage Systems (BESS) will necessitate the creation of a domestic supply ecosystem...