Neogen Chemicals Limited — Updates, 02-08-2025: Press Release

Neogen Chemicals reported resilient Q1 FY26 financial results despite its Dahej plant's unavailability due to a fire. Revenue rose 4% to 187 Cr, with EBITDA up 2% to 32 Cr. Profit after tax increased 11% to 10 Cr. Performance was driven by core business volume growth and initial sales from Neogen Ionics (5.4 Cr). The company received 80.55 Cr in insurance claims for the Dahej plant, with rebuilding underway. Significant progress is noted in battery chemicals expansion, including Pakhajan greenfield facility development (506 Cr CAPEX deployed) and the Morita JV for Lithium Salts. The board approved raising up to 200 Cr via NCDs. Leadership transition includes Mr. Haridas Kanani's retirement as CMD, becoming Chairman Emeritus.