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Neogen Chemicals Q4 Results: Profit Rises 18% But Revenue Declines
Neogen Q4 Results: Net profit rose 18% YoY to Rs 16.9 crore on the back of revenue that fell 2.1% to Rs 199.7 crore in the January-March quarter.
01 May 2024, 11:18 AM IST 
(Source: company website)
Neogen Chemicals Ltd.'s consolidated net profit jumped 18% in the fourth quarter of financial year 2024, beating analysts' estimates.
The specialty chemicals manufacturer's profit increased to Rs 16.9 crore in the quarter ended March, according to an exchange filing late on Tuesday. Analysts tracked by Bloomberg had a consensus estimate of Rs 8.48 crore.
Neogen Q4 Results: Key Highlights (Consolidated, YoY)
Revenue down 2.1% at Rs 199.7 crore (Estimate: Rs 184.3 crore)
EBITDA up 9.8% at Rs 35.8 crore (Estimate: Rs 26.8 crore)
Margin up 194 basis points at 17.92% (Estimate: 14.6%)
Net profit up 18% at Rs 16.9 crore (Estimate: Rs 8.48 crore)
Shares of Neogen had closed 0.75% higher Rs 1,542.20 apiece on the BSE, compared to a 0.25% decline in the benchmark Sensex on Tuesday.
