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Neogen Chemicals Ltd Q2 FY26 Results

NEOGENQ2 FY26 Results
Filing
MetricValue ( Cr)Q1 FY26Q2 FY25
Revenue208.6611.7%7.9%
Total Income210.5512.1%8.4%
Expenditure205.4918.3%15.0%
PBT5.0664.5%67.2%
Net Profit3.3767.2%69.3%
OPM14.36%2.51pp17.06pp
NPM1.60%3.86pp4.02pp
EPS1.2867.1%69.2%
View full financials

Neogen Chemicals Reports 8% YoY Revenue Growth in Q2 FY26 Despite Dahej Plant Unavailability

09 Nov 2025 · 9 Nov 2025, 02:01 pm

Summary

Neogen Chemicals reported steady financial performance for the second quarter and half-year ended 30 September, 2025. In Q2 FY26 (consolidated), revenues stood at INR 209 crore, higher by 8% YoY, despite the unavailability of the Dahej plant. EBITDA for Q2 FY26 (consolidated) stood at INR 30 crore. Profit after tax for Q2 FY26 (consolidated) stood at INR 3 crore. The Dahej plant rebuild remains on track for completion next year, promising a significant lift to base business growth.

Key Highlights

  1. 1

    8% YoY revenue growth in Q2 FY26

  2. 2

    Dahej plant unavailability

  3. 3

    Sustained demand and higher volumes across base business and organolithium portfolio

  4. 4

    Higher employee costs driven by performance linked incentives, new long-term benefits and strategic employee additions

  5. 5

    Sharp increase in insurance premiums after the recent fire incident

  6. 6

    Ongoing expansion initiatives in Neogen lonics

  7. 7

    Dahej plant rebuild remains on track for completion next year

Management Comments

D

Dr. Harin Kanani

Managing Director, Neogen Chemicals

Our Q2 FY26 performance demonstrated remarkable operational resilience. Despite the temporary unavailability of the Dahej plant, our diversified business model proved its stability by successfully offsetting the challenge. The core business maintained its volume trajectory even amid persistent geopolitical uncertainty and volatile pricing. We remain strategically focused on high-growth battery materials segment and the swift Dahej organic plant recovery. Our early positioning is validated by the start of commercial-grade Electrolyte supply to domestic manufacturers. We anticipate a significant ramp-up next year, coinciding with the commissioning of our ongoing projects. The Dahej plant rebuild remains on track for completion next year, promising a significant lift to base business growth. We have engaged outsourced partners to ensure seamless customer supply in the interim. Our commitment to corporate excellence was highlighted by the successful separation of the Chairman and Managing Director roles, a key structural enhancement that demonstrates our dedication to best-in-class governance, accountability, and transparency for all our stakeholders.

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