Neogen Chemicals (NEOGEN) Q4 24/25 earnings summary

Executive summary

• Achieved 13% year-over-year consolidated revenue growth to INR 778 crore and 24% EBITDA improvement in FY25, despite global pricing pressures and a fire at the Dahej facility.

• PAT for FY25 was INR 34.8 crore, marginally down due to an exceptional loss of INR 14 crore from the fire; adjusted PAT would have been higher.

• Maintained operational agility by shifting production to high-demand segments such as semiconductors, flavors, fragrances, and pharma.

• Strategic expansion into lithium and battery materials, including a JV with Morita Chemical Industries and new subsidiary formation.

• Audited standalone and consolidated financial results for Q4 and FY25 approved, with unmodified audit opinions from statutory auditors.

Financial highlights

• FY25 consolidated revenue reached INR 778 crore, up 13% year-over-year, with EBITDA up 24% to INR 136 crore and margin improvement to 17.5%.

• PAT for FY25 was INR 34.8 crore, down 2% due to INR 14 crore exceptional charge from the fire.

• Q4 FY25 revenue was INR 203 crore, EBITDA INR 36 crore, and PAT INR 2 crore, impacted by fire-related exceptional items.

• Standalone revenue for FY25: INR 773.65 crore; standalone net profit: INR 48.41 crore.

• EPS for FY25 was INR 13.20 (consolidated), down 3% year-over-year.

Outlook and guidance

• FY26 revenue guidance revised to INR 750–850 crore due to fire incident; battery chemicals segment expected to contribute INR 300 crore, with upside dependent on customer approvals.

• FY27 battery chemicals revenue targeted at over INR 1,000 crore, contingent on market share and salt volume ramp-up.

• EBITDA margin guidance for FY26 at 17–18%, with full utilization margins expected at 18.5% ±1% in FY27.

• Company and group continue to focus on specialty chemicals as a single operating segment.

• Expansion into lithium-ion battery materials through new subsidiary and JV discussions signals growth in advanced materials.