Neogen Chemicals Ltd Q4 FY22 Earnings Concall Insights
#NEOGEN #NEOGENQ4 #NeogenChemicals #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch
🧵
#NEOGEN #NEOGENQ4 #NeogenChemicals #concall #concalls #insights #results #stocks #TrendingStocks #earnings #stockmarketindia #StockToWatch
🧵
NEOGEN said FY22 has been the best year in its history with highest level of growth in revenues at 69% in 4Q22 and 45% in FY22.
Q&A Insights: Anshul Verdia from @EdelweissFin asked that on the organic chemicals revenue, what led to the moderation QonQ of INR6 crore in terms of topline. Harin Kanani MD said it was driven by product mix and mainly because NEOGEN was trying to develop some new molecules.
Q&A Insights: Ankur Periwal from @AXIS_Capital asked about the exit run rate in terms of MPP utilization. Harin Kanani MD replied that NEOGEN’s utilizations are getting better between the two. However, NEOGEN has not yet reached full utilization levels.
Q&A Insights: Rohit Nagraj of @EmkayGlobal asked about lithium, if there is resistance from customers given the high prices. Harin Kanani MD said that some customers are not be able to absorb this new prices, but most customers are appreciating that NEOGEN can supply lithium.
Q&A Insights: Rohit Nagraj from @EmkayGlobal enquired where NEOGEN is placed regarding the expectation of 20% revenue from CSM segment. Harin Kanani MD said that growth continues to increase and is still hopeful that by FY24 advanced intermediates will contribute 40% and CSM 20%.
Q&A Insights: Anirudh Shetty of Solidarity asked that as NEOGEN looks to do more sales from Dahej, what will be blended tax rate. Ketan Vyas CFO said that Dahej being tax free zone the blended tax rate going forward should remain approx. about 19% or 20-25% on a broader range.
To read further on the detailed analysis of #NEOGEN #Q4 concall Q&A …
alphastreet.com/india/neogen-c…
alphastreet.com/india/neogen-c…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
