Neogen’s Q1 Surge: 34% Revenue Jump & ₹600 Cr Expansion Plan

Neogen Chemicals delivered a strong Q1 FY27, reporting a 34% YoY increase in consolidated revenue to Rs 250 crore. Growth was fueled by record performances in Organolithium, battery chemicals, and inorganic chemicals, alongside effective toll manufacturing management that offset a temporary shutdown at the Dahej facility. The Board has approved raising up to Rs 600 crore via QIP to support expansion. Meanwhile, Neogen Ionics is making steady progress on its Rs 1,795 crore battery materials projects, with trial runs underway for electrolyte facilities and initial international customer approvals secured.

News by Rahul Yelligetti.