Neogen Chemicals Limited has informed the Exchange regarding a press release dated August 02, 2025, titled "Q1 FY26 PRESS RELEASE".
NEOGEN · price
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Awaiting price reaction for this filing.
Neogen Chemicals reported steady Q1 FY26 results with revenue of INR 187 crore, up 4% year-on-year, despite its Dahej plant being shut for the entire quarter due to a fire incident. EBITDA rose 2% YoY to INR 32 crore with margins holding at 16.9%, supported by a favourable product mix and cost optimisation. Profit after tax grew 11% YoY to INR 10 crore, while EPS slipped to INR 3.89 from INR 4.85 in Q1 FY25. The newly started Neogen Ionics business contributed INR 5.4 crore in its first quarter of commercial sales of electrolyte and lithium electrolyte salts. Insurance payouts of INR 80.55 crore have been received so far against the fire loss, with the replacement plant targeted to be operational next year.
Shareholders should note that growth was modest and EPS declined YoY as the Dahej plant outage offset core business strength, but the company has raised near-term capex funding (INR 200 crore NCDs), secured insurance proceeds, and continued progress on its lithium-ion battery materials expansion, which is a long-term positive. The upcoming leadership transition, with founder Mr. Haridas Kanani retiring on September 30, 2025, may be watched by the market.