Neogen Chemicals Limited has informed the Exchange about General Updates: Outcome of Board Meeting: 1) Approval of Audited financial results for the quarter and FY ended 31-03-2025 with regulation Regulation 33(3)(d) declaration 2)recommendation of dividend 3)Appointment of Secretarial Auditor 4) Details of Outstanding Qualified Borrowings and Incremental Qualified Borrowings for FY 2025 5) Incorporation of Wholly owned subsidiary by Neogen�Ionics�Limited
NEOGEN · price
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Neogen Chemicals' board approved audited results for Q4 and FY25 (ended March 31, 2025) with an unmodified opinion from statutory auditors. Standalone FY25 revenue grew about 10% to Rs. 773.65 crore and profit after tax rose to Rs. 48.41 crore from Rs. 41.13 crore, though Q4 standalone PAT fell sharply to Rs. 5.19 crore. A final dividend of Re. 1 per share was recommended. The auditor flagged an Emphasis of Matter on a major fire at the Dahej SEZ plant on March 5, 2025, which damaged property, equipment and inventory; the company booked a net exceptional charge of Rs. 13.56 crore (standalone) and Rs. 14.08 crore (consolidated) after recognising Rs. 348–362 crore in losses offset by insurance claims. The board also appointed DVD & Associates as Secretarial Auditor for 5 years and approved a new wholly owned subsidiary, Neogen Morita New Materials Limited, under Neogen Ionics to enter the lithium-ion battery electrolyte salts business, with a potential JV with Japan's Morita Chemicals.
Mixed signals for shareholders: underlying FY25 revenue and profit growth were healthy but a major fire at the Dahej plant and a sharp drop in Q4 profitability could weigh on sentiment. The new lithium-ion battery materials subsidiary signals a growth push and may support the stock longer-term, while the modest Re. 1 dividend is a small positive.