Neogen Chemicals Limited has informed the Exchange about General Updates
NEOGEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Neogen Chemicals reported FY25 standalone revenue of Rs. 773.65 crore (up 10.3% from Rs. 701.42 crore restated) and profit after tax of Rs. 48.41 crore (up 17.7% from Rs. 41.13 crore restated), with EPS of Rs. 18.35. The Board recommended a final dividend of Re. 1 per share for FY25, subject to shareholder approval. A major fire at the Dahej SEZ plant on March 5, 2025 led to a Rs. 348.16 crore loss, partly offset by a Rs. 334.60 crore insurance claim, with a net Rs. 13.56 crore booked as an exceptional item. The auditor (Chandabhoy & Jassoobhoy) issued an unmodified opinion with an emphasis of matter on the fire incident, and prior period figures were restated following the merger of wholly owned subsidiary Buli Chemicals India. Neogen Ionics, a wholly owned subsidiary, is forming a new WOS, Neogen Morita New Materials Limited, to pursue a joint venture with Japan's Morita Chemicals in the lithium-ion battery electrolyte space.
Short-term stock sentiment may be negative due to the Dahej plant fire disruption, but insurance coverage of Rs. 334.60 crore substantially limits the actual loss. Underlying operating performance is healthy with strong revenue and PAT growth, modest dividend, and a strategic JV push into lithium-ion battery materials that could support long-term growth.