Neogen posts operating loss, lowest margin among 12 commodities peers
Consolidated net profit was Rs 17.11 cr despite a -2.49% operating margin; the results were filed after market close.
Filed 24 Jul 2026, 19:06 IST · after market close · Neogen Chemicals Ltd (NEOGEN)
Key takeaways
- Neogen Chemicals posted a consolidated operating loss of Rs 6.23 cr in Q1FY27, with operating margin at -2.49%.
- Consolidated net profit was Rs 17.11 cr despite the operating loss, while other income was Rs 3.86 cr and interest was Rs 20.81 cr.
- Neogen's -2.49% operating margin was 16.05 percentage points below the 13.56% median of 12 Commodities peers, ranking last.
Price around the results
Revenue did not cover the reported cost base
Consolidated revenue of Rs 250.29 cr was below expenses of Rs 256.52 cr, resulting in an operating loss of Rs 6.23 cr. This left operating margin at -2.49%, making operating performance the main weakness in the quarter. The company filed the results after market close on 24 Jul 2026.
Positive net profit despite an operating loss
The reported figures show profit before tax of Rs 23.08 cr despite the operating loss. Other income was Rs 3.86 cr, while interest was Rs 20.81 cr and depreciation was Rs 8.20 cr. Profit quality therefore warrants attention because the positive pre-tax result did not come from operating profit.
Margin was lowest among 12 reporting sector peers
Neogen's operating margin was 16.05 percentage points below the 13.56% median for the 12 Commodities peers that had reported the same quarter. Its -2.49% margin ranked it last among those companies. Net profit after tax was Rs 17.11 cr, with a tax rate of 26.73%.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹250 cr |
| Other income | ₹4 cr |
| Expenses | ₹257 cr |
| Operating profit | ₹-6 cr |
| Operating margin (%) | -2.49% |
| Interest | ₹21 cr |
| Depreciation | ₹8 cr |
| Profit before tax | ₹23 cr |
| Tax | ₹6 cr |
| Net profit | ₹17 cr |
| EPS (₹) | ₹6.29 |
Operating margin of -2.49% compares with a Commodities sector median of 13.56% across 12 peers that have reported Q1FY27.
What to watch
- Whether consolidated operating margin moves above -2.49%.
- Whether revenue covers the Rs 256.52 cr expense base.
- Whether net profit remains above Rs 17.11 cr while operating profit is negative.