Neogen Chemicals shares surged 3% following impressive Q3 results. As of 9:57 AM, the shares were trading 3.05% higher at Rs 2,058.00.
The company reported a massive 844.34% increase in net profit, which soared to Rs 10.01 crore in the quarter ending December 2024, compared to Rs 1.06 crore in the same period last year.
The surge in profits was driven by a robust 22.49% growth in sales, which reached Rs 201.43 crore in Q3 FY24, up from Rs 164.44 crore during Q3 FY23. This solid performance is a testament to Neogen’s strong market positioning and continued demand for its chemical products, including specialty chemicals and pharmaceutical intermediates.
Neogen Chemicals opened at ₹2,000.15, with the stock reaching a high of ₹2,191.00 and a low of ₹1,975.00 during the trading session. Over the past 52 weeks, the stock has hit a high of ₹2,420.00 and a low of ₹1,176.00.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
