Neogen Chemicals reports flat performance in Q2, PAT grows by 26.94%

Neogen Chemicals, a midcap company in the chemical industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO. According to the financial report, Neogen Chemicals has seen a flat performance in the second quarter of the fiscal year 2024-25. The company's score has fallen from 1 to 0 in the last three months. However, there are some positive aspects to the company's financials. One of the highlights is the Profit After Tax (PAT) for the half-yearly period, which has grown by 26.94% year on year to Rs 22.43 crore. The near-term trend for PAT is also positive. However, there are some concerns as well. The company's interest cost has increased by 29.84% quarter on quarter to Rs 12.75 crore. This signifies increased borrowings by the company. Moreover, this is the highest interest cost in the last five quarters, indicating a potential strain on the company's finances. Overall, Neogen Chemicals has shown a mixed performance in the recent quarter. Investors are advised to hold their positions in the company's stock, as suggested by MarketsMOJO.