Neogen Chemicals reports surge in total income for fiscal year 2023

India-based specialty chemicals manufacturer, Neogen Chemicals Limited, has disclosed its consolidated financial results for the fiscal year ending March 31, 2023, revealing significant increases in total income and net profit compared to the previous year.

The company’s total income increased from Rs. 488.32 crores in the fiscal year 2022 to Rs. 690.63 crores in the fiscal year 2023, representing a rise of over 41%.

Net profit also saw an improvement, growing from Rs. 44.63 crores in FY 2022 to Rs. 49.97 crores in FY 2023. The Earnings Per Share (EPS) for the company also improved, standing at Rs. 20.03 for the fiscal year ending March 31, 2023, compared to Rs. 18.70 for the fiscal year ending March 31, 2022.

When comparing the last quarters of both fiscal years, the total income rose from Rs. 157.65 crores in the quarter ending March 31, 2022 to Rs. 205.65 crores in the same period in 2023. However, the net profit showed a slight decrease from Rs. 15.64 crores in Q4 of FY 2022 to Rs. 14.31 crores in Q4 of FY 2023. The EPS during this quarter, though, increased from Rs. 5.50 to Rs. 5.74.