Neogen Chemicals reports robust Q2 FY26 consolidated revenue of ₹208.7 crore, up 8% YoY, with standalone revenue also growing 7% to ₹206.7 crore.

Growth was driven by sustained demand in its core business and organolithium portfolio.

However, consolidated profit after tax (PAT) saw a significant decline of 69% to ₹3.4 crore, and standalone PAT dropped 37% to ₹9.3 crore, mainly due to higher operating and finance costs linked to the Dahej plant fire incident and investments in the Neogen Ionics startup phase.

The company is strategically focused on the high-growth battery materials segment and the swift recovery of its Dahej organic plant.

In a key governance move, Neogen separated Chairman and MD roles, appointing Mr. Anurag Surana as Non-Executive Chairman.

It also raised ₹200 crore via NCDs for growth projects and the plant rebuild.

In battery chemicals, Neogen Ionics commissioned 200 MTPA for Lithium Electrolyte Salts, secured long-term Electrolyte supply approval from a major Indian customer, and formed a JV with Morita Investment for LiPF6 salt production.

Management expects a significant ramp-up in battery materials next year as projects commission and the Dahej plant rebuild completes, reinforcing confidence in robust long-term growth.