Neogen Chemicals reported its audited financial results for the quarter and year ended March 31, 2026. The company announced a final dividend of Re. 1 per equity share for the fiscal year. Additionally, management provided crucial updates on its wholly-owned subsidiary, Neogen Ionics Limited, detailing revised project costs and timelines for the Dahej and Pakhajan projects, aimed at shifting to Japanese technology and increasing localization of sub-components.
Financial Highlights
For the financial year ended March 31, 2026, Neogen Chemicals achieved a total standalone income of ₹871.31 crore, compared to ₹783.41 crore in the previous year. The standalone net profit for the year stood at ₹46.96 crore. On a consolidated basis, the total income for the year reached ₹868.10 crore, with a consolidated net profit of ₹28.75 crore. The Board of Directors has recommended a final dividend of Re. 1 per equity share for the financial year 2025-26, subject to shareholder approval.
Strategic Infrastructure Projects
Neogen Ionics Limited is undergoing significant strategic changes for its projects in Dahej and Pakhajan. The revised total projected cost for these projects is now ₹1,795 crore. The Dahej – Phase 1 project, with a cost of ₹428 crore, is now expected to be completed by February 2027, while the Pakhajan – Phase 2 project is targeted for March 2027 with a cost of ₹1,367 crore.
These adjustments are driven by a shift from in-house to Japanese technology for design optimization, as well as an increased focus on the localization of sub-components to reduce import dependence. The company has secured equity infusion from promoter group members and anticipates further funding from its joint venture partner to cover the additional capital expenditure requirements.
Corporate Developments
The company also confirmed the successful allotment of 1,000,000 equity shares on a preferential basis to a promoter group entity, Cadamba Solutions Private Limited, which was completed on April 18, 2026. Furthermore, the company has updated its Code for Prevention of Insider Trading to maintain robust corporate governance standards. Additionally, the company is continuing to manage the recovery process following a fire incident at its Dahej SEZ plant in March 2025, with management maintaining confidence in the full recoverability of outstanding insurance claims totaling ₹188.96 crore as of March 31, 2026.
Source: BSE
