Neogen Chemicals Limited Q4 FY20 revenue was up by 3% to reach Rs. 82 crore whereas FY20 revenue was up by 28% to reach Rs. 306 crore. 

 

Profit After Tax (PAT) for Q4 FY20 was down by 16% to reach Rs. 7 crore whereas PAT for FY20 was up 37% to reach Rs. 29 crore. 

 

Commenting on the Q4 & FY20 performance, Haridas Kanani, Chairman & Managing Director, at Neogen Chemicals said, “I am pleased to share that we concluded our first full financial year post listing with healthy to pline and PAT growth of 28% and 37% respectively. The performance could have been slightly better but for the impact on operations from the CoVID-19 pandemic and subsequent lockdowns which resulted in plant shutdowns for a few weeks towards the end of March 2020. However, we are pleased with the overall performance momentum which showed resilience during these testing times and I would like to thank all our employees for their relentless efforts."

 

"All our manufacturing facilities have now resumed production while we take all the required precautions to ensure best health and safety for our workforce. The plants have been ramped up in a phased manner. Project work has also re-started at Dahej SEZ for organic capacity expansion," added Kanani. 

 

Talking about future growth, "The roadmap for us appears encouraging. While the pandemic situation has resulted in temporarily disruptions in the global supply chains, we believe that this will be normalised in the ensuing period. Neogen Chemicals stands to gain from our diversified product portfolio, customer base and deep expertise in the chemistries of our focus. Overall, we remain confident of accomplishing our growth objectives as there is encouraging demand from end user industries and our planned capacity enhancements remain fully on course," commented Kanani. 

 

Incorporated in 1989, Neogen Chemicals is one of India’s leading manufacturers of Bromine-based and Lithium-based specialty chemicals. Its specialty chemicals product offerings comprise of organic as well as and Inorganic chemicals. Its products are used in pharmaceutical and agrochemical intermediates, engineering fluids, electronic chemicals, polymer additives, water treatment, construction and aroma chemicals, flavours and fragrances, specialty polymers, chemicals and VAM original-equipment manufacturers. 

 

In addition to manufacturing speciality chemicals, Neogen also undertakes custom synthesis and manufacturing where the product is developed and customized primarily for a specific customer, but process know-how and technical specifications are developed inhouse.

 

The company operates out of its three manufacturing facilities located in Mahape, Navi Mumbai in Maharashtra, Karakhadi, Vadodara and Dahej SEZ in Gujarat.