Neogen Chemicals Limited announced a robust financial performance for the first quarter ended June 30, 2026 (Q1 FY27). Consolidated revenues surged by 34% year-on-year to INR 250 crore. Profit after tax (PAT) increased by 67% year-on-year to INR 17 crore, driven by strong volume growth and efficient cost management across its business segments, including Organolithium and Battery Chemicals.
Neogen Chemicals Announces Strong Q1 FY27 Financial Performance
Neogen Chemicals Limited reported a robust start to the new financial year, with its first quarter ended June 30, 2026 (Q1 FY27) demonstrating significant year-on-year growth. The company’s consolidated revenues reached INR 250 crore, marking a substantial increase of 34% compared to the same period last year. This growth was achieved despite temporary shutdowns and global headwinds, underscoring the resilience and efficient management of Neogen’s operations.
Key Financial Highlights for Q1 FY27
The company’s performance was bolstered by strong volume gains across its core business lines and exceptional revenue from its Organolithium portfolio. Neogen Ionics (NIL) also contributed significantly, generating over 50% of its entire prior-year revenue in Q1 FY27 alone. Consolidated EBITDA stood at INR 48 crore, up by 53% year-on-year, reflecting effective cost pass-throughs for input costs. Profit After Tax (PAT) for the quarter rose by an impressive 67% year-on-year to INR 17 crore, although moderated by a 64% increase in finance costs due to ongoing CAPEX funding and working capital intensity.
Consolidated Earnings Per Share (EPS) for Q1 FY27 was reported at INR 6.29 per share (not annualized).
Strategic Developments and Future Outlook
Dr. Harin Kanani, Managing Director, highlighted the company’s strong performance and strategic initiatives. The battery materials project is progressing on track, supported by customer validations and government policies aimed at localizing supply chains. Neogen Chemicals is set to become a critical player in the battery chemicals ecosystem as its new Dahej facility scales up. The company reaffirms its focus on executing its CAPEX roadmap to drive sustainable, long-term growth.
Key Updates for Q1 FY27
- Dahej Fire Incident: Cumulative recoveries stand at INR 164 crore to date. The reconstruction of the Dahej plant is complete, with commercial production set to commence soon.
- Board Approval for Fund Raise: The Board has approved raising up to INR 600 crore through a Qualified Institutional Placement (QIP), subject to necessary approvals.
Expansion Initiatives in Battery Chemicals
Neogen’s expansion initiatives in the Battery Chemicals Business include the commissioning of 200 MTPA for Lithium Electrolyte Salts and Additives, with trial production ongoing for the remaining 1,300 MTPA. New capacity of 1,000 MTPA is slated for commissioning by H2 FY27. The 2,000 MT Electrolyte plant at the Dahej facility is fully commissioned. The total estimated project cost for Neogen Ionics’ Dahej Phase 1 and Pakhajan Phase 2 Battery Materials projects is INR 1,795 crore, with INR 218 crore incurred in Q1 FY27.
Source: BSE
