Neogen Chemicals Ltd's Q3FY25 Quarter Results
- 02 Feb 2025
Result Summary
- Neogen Chemicals Ltd reported a 4.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 22.0%.
- Its expenses for the quarter were up by 4.8% QoQ and 16.8% YoY.
- The net profit decreased 8.7% QoQ and increased 844.3% YoY.
- The earnings per share (EPS) of Neogen Chemicals Ltd stood at 3.8 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 202.49 | 194.15 | 166.02 | 4.3% | 22.0% |
Total Expenses | 187.32 | 178.72 | 160.41 | 4.8% | 16.8% |
Profit Before Tax | 15.17 | 15.43 | 5.61 | -1.7% | 170.4% |
Tax | 5.24 | 4.52 | 4.64 | 15.9% | 12.9% |
Profit After Tax | 10.01 | 10.96 | 1.06 | -8.7% | 844.3% |
Earnings Per Share | 3.80 | 4.20 | 0.40 | -9.5% | 850.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Neogen Chemicals Ltd is a prominent player in the specialty chemicals sector, primarily engaged in the manufacturing of bromine and lithium-based compounds. The company serves various industries such as pharmaceuticals, agrochemicals, engineering, and electronics, providing essential chemical solutions that are integral to these sectors. Neogen Chemicals is known for its innovative approach and focus on research and development to cater to diverse customer needs. While specific recent developments are not provided, companies in this industry often focus on expanding their product lines, enhancing production capacities, or entering new markets to drive growth.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Neogen Chemicals Ltd reported a total income of ₹202.49 crores. This represents a quarter-over-quarter (QoQ) increase of 4.3% from ₹194.15 crores in Q2FY25 and a year-over-year (YoY) increase of 22.0% from ₹166.02 crores in Q3FY24. The positive revenue growth on both a sequential and annual basis indicates a strong performance in the latest quarter. Such growth could be attributed to increased demand for the company's products or successful expansion efforts in its market segments.
Profitability
The company's profit before tax (PBT) for Q3FY25 was ₹15.17 crores, which shows a slight decline of 1.7% from the ₹15.43 crores reported in Q2FY25. However, there was a significant YoY increase of 170.4% from ₹5.61 crores in Q3FY24. The tax expense for the quarter was ₹5.24 crores, up 15.9% QoQ from ₹4.52 crores and 12.9% YoY from ₹4.64 crores. As a result, the profit after tax (PAT) for Q3FY25 amounted to ₹10.01 crores, down 8.7% from the previous quarter's ₹10.96 crores but marking an impressive YoY increase of 844.3% from ₹1.06 crores in Q3FY24. The earnings per share (EPS) for the quarter stood at ₹3.80, reflecting a QoQ decrease of 9.5% from ₹4.20 but a substantial YoY growth of 850.0% from ₹0.40 in Q3FY24.
Operating Metrics
Total expenses for Neogen Chemicals in Q3FY25 were ₹187.32 crores, reflecting a 4.8% increase from ₹178.72 crores in Q2FY25 and a 16.8% rise from ₹160.41 crores in Q3FY24. The increase in expenses is slightly higher than the increase in total income on a QoQ basis, which could potentially impact the company's operating margins. The company’s ability to manage expenses relative to income growth is crucial for sustaining its profitability. The notable YoY increase in both income and expenses suggests operational scaling, possibly due to expanded production or enhanced service offerings in response to market demand.
