Neogen Chemicals Limited reported a strong financial performance for the quarter ended March 31, 2026, with consolidated revenues reaching INR 247 crore, a 22% increase year-on-year. Despite industry headwinds and geopolitical supply chain disruptions, the company maintained healthy consolidated margins of 17.8%. Driven by high plant utilization and strong operational resilience, the Board has recommended a final dividend of INR 1 per equity share for the fiscal year.
Financial Performance Highlights
For the fourth quarter of FY26, Neogen Chemicals achieved a consolidated revenue of INR 247 crore. The company’s EBITDA stood at INR 44 crore, marking a 21% year-on-year growth. Profit after tax (PAT) was reported at INR 11 crore. These figures were supported by rising production volumes and the effective use of pass-through mechanisms to manage input cost inflation.
Strategic Growth in Battery Materials
Neogen is making significant strides in its battery materials segment through its subsidiary, Neogen Ionics. The company has reaffirmed its commitment to the Pakhajan Greenfield Project, with commercial manufacturing for electrolytes and electrolyte salts on track for H1 and H2 of FY27 respectively. The specialized MUIS Electrolyte plant has commenced trial runs, and the company has already secured provisional approvals from international customers for its electrolyte salts.
Expansion Initiatives and Future Outlook
The company has revised its capital outlay for the Dahej Phase 1 and Pakhajan Phase 2 projects, now totaling INR 1,795 crore. This investment incorporates advanced Japanese technologies to enhance operational efficiency. To support these long-term expansion plans, the promoters have infused INR 161 crore through a preferential allotment of shares. With the replacement plant at Dahej expected to be commissioned by June 2026, management remains confident in achieving revenue in the range of INR 875–950 crore in FY27.
Operational Updates
Neogen continues to make progress on its recovery efforts following the Dahej fire incident. The cumulative insurance claim received to date has reached INR 140 crore, with a net claim receivable balance of INR 203 crore. Reconstruction of the affected facility is progressing as planned, ensuring a return to a normalized growth trajectory for standalone operations.
Source: BSE
