Neogen Chemicals Q1 FY27: Revenue up 37%, PAT rises 37% YoY; board clears Rs 600 crore fundraise
NEOGEN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Neogen Chemicals posted strong Q1 FY27 results. Standalone revenue rose 36.7% YoY to Rs 252.28 crore; PAT jumped 36.6% to Rs 19.44 crore. Consolidated revenue grew 34% to Rs 250.29 crore; PAT surged 66.8% to Rs 17.11 crore. Standalone operating margin expanded to 19.09% from 17.68%. Board approved raising up to Rs 600 crore via QIP or other modes. Crisil downgraded ratings on July 17; NCD coupon raised to 11% from 10.50%. Fire insurance claim of Rs 186.63 crore (standalone) still receivable from Dahej SEZ incident. 37th AGM set for August 21.
Strong growth and margin expansion are positives. Watch: rating downgrade, pending fire insurance recovery, and potential Rs 600 crore equity dilution.