Neogen Chemicals Limited has reported a robust performance in Q2 FY25, showcasing a significant 20% year-over-year revenue growth, reaching ₹193 crore. Despite a tough pricing environment and softer demand in agrochemicals, Neogen has managed to navigate these challenges with increased volumes across its core segments and notable contributions from BuLi Chem, its recent acquisition. The […]
Neogen Chemicals Limited, a front-runner in manufacturing Bromine-based and Lithium-based specialty chemicals, announced the successful completion of its preferential allotment. The company issued 14,42,358 equity shares at Rs. 1,754.07 per share, aggregating to a significant sum of approximately Rs. 253 crore. This strategic move involved high-quality institutional investors such as SBI Mutual Fund, Quant Mutual […]
Neogen Chemicals Limited has reported a promising financial performance for the quarter ending 30th June 2023, marking an 11% YoY growth in revenue which stood at Rs. 164.9 crore. The earnings report revealed EBITDA figures at Rs. 28.1 crore, showcasing a 14% YoY growth. Revenue Growth Amidst External Pressures Despite global challenges, including inventory destocking […]
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 […]
Indian specialty chemicals manufacturer Neogen Chemicals has entered into an agreement with Japan-based MU Ionic Solutions Corporation for acquiring a manufacturing technology license for electrolytes in India. MU Ionic Solutions (MUIS) is a joint venture of Mitsubishi Chemical Corporation (MCC) and UBE Corporation and is part of Japanese conglomerate Mitsubishi Chemical Group. The company is […]
Neogen Chemicals, an Indian bromine, lithium-based specialty chemicals and advanced intermediates manufacturer, has agreed to acquire BuLi Chemicals India (BuLi Chem) from Livent, a US-based chemical manufacturer. The financial terms of the deal were not disclosed. BuLi Chem has a proprietary technology for manufacturing N Butyl Lithium and other organolithium products using lithium metal, which […]
Neogen Chemicals Limited has reported a profit after tax (PAT) of INR 14.7 crores for the third quarter of the fiscal year 2023 (Q3 FY23), a year-over-year (YoY) growth of 40%. According to the Indian specialty chemicals producer, the increase in profit after tax reflected the operational performance, impacted moderately by high depreciation related to […]
Neogen Chemicals Limited has posted profit after tax (PAT) of INR 10.5 crores for the third quarter of the fiscal year 2022 (Q3 FY22), an increase of 23% compared to INR 8.5 crores in Q3 FY21. The Indian bromine-based and lithium-based specialty chemicals manufacturer said that its PAT growth was muted because of higher finance […]