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Neogen Chemicals reported Q3 FY26 consolidated revenue of INR 220 Cr, up 9% YoY. However, PAT dropped 63% to INR 3.7 Cr, primarily due to fire-related operating costs, higher interest expenses, and initial ramp-up costs for Neogen Ionics.
The company is advancing its Battery Materials segment, with a JV for LiPF6 salt and the Pakhajan electrolyte plant nearing completion. Management highlighted robust demand in non-agchem segments and expressed confidence in Neogen Ionics becoming a key growth driver, leveraging Japanese technology and non-FEOC tailwinds in global markets.