Neogen Chemicals revenue rises 4% despite fire damage

Neogen Chemicals reported consolidated revenue of INR 187 crore in Q1 FY26, up 4% year-on-year, despite its Dahej plant being unavailable due to fire damage. Standalone revenue grew 5% to INR 185 crore.

Consolidated EBITDA increased 2% to INR 32 crore, while standalone EBITDA rose 9% to INR 35 crore. The company's battery chemicals segment, Neogen Ionics, contributed INR 5.4 crore to revenue.

The company received INR 80.55 crore in insurance claims for the fire incident, with total net claims receivable of INR 268.27 crore. Construction of a replacement plant is underway for completion next year.