Neogen Chemicals shares drop over 3% as Q1 net profit declines 10.5% YoY to Rs 10.3 crore
Neogen Chemicals Ltd shares slipped over 3% in morning trade on August 4 after the company reported a muted set of numbers for the first quarter of FY26. The stock opened at ₹1,539.80 and touched an intraday low of ₹1,490.00. As of 9:54 AM, the shares were trading 2.77% lower at Rs 1,497.20.
On a consolidated basis, the specialty chemicals company posted a 3.8% rise in revenue at ₹187 crore compared to ₹180 crore in the year-ago period. EBITDA grew marginally by 2.3% to ₹31.5 crore from ₹30.8 crore, while EBITDA margins came in at 16.9%, slightly lower than 17.1% in Q1FY25.
However, the bottom line took a hit, with net profit dropping 10.5% YoY to ₹10.3 crore, down from ₹11.5 crore in the same quarter last year.
Neogen Chemicals' stock has seen significant volatility over the past year. The shares are currently trading well below their 52-week high of ₹2,420.00, but remain above the 52-week low of ₹1,392.75, indicating a broader range-bound movement in recent months.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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