Neogen Chemicals542665Specialty chemicals, battery
NeoGen Chemicals management raised revenue guidance and detailed strong growth in organo lithium and battery chemicals businesses, with FY29 battery EBITDA guidance of 500-600 crore rupees
By ScoutQuest · · 1 min read
- Revised full year guidance
- 1050 to 1150 crore rupees
- Battery business guidance this year
- 250 to 300 crore rupees
- Battery business guidance next year
- 1,000 crore rupees
- FY29 battery revenue target
- 2,500 to 2,900 crore rupees
- FY29 battery EBITDA estimate
- 500 to 600 crore rupees
Heard on business television between 12:38:17 - 12:41:17 IST.
- Management raised overall guidance to 1050-1150 crore rupees, about 100 crore more than earlier guidance, on strong organo lithium traction.
- Company has doubled organo lithium capacity; this business, acquired three years ago from a US firm with 30 tons production, is now almost 10 times larger.
- Battery business guidance for this year maintained at 250-300 crore rupees; next year guidance given as at least 1,000 crore rupees, with Q2 revenue up 100% QoQ and equal to all of last year's battery revenue.
- By FY29, full utilization expected to generate 2,500-2,900 crore rupees revenue at close to 20% ROCE, translating to roughly 500-600 crore rupees EBITDA from the battery business alone.
- Neogen Ionics expected to turn EBITDA positive in Q4 and PBT positive in FY28; working capital days rose to 299 from 264 due to fire-affected plant and inventory management, but expected to improve as new capacity and lower-cycle businesses ramp up.
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Source: Live TV News Channel · 4 Nov 2026
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