• QIP proceeds deployment: The company raised ₹600 crore via its first QIP to reduce debt and fund working capital, aiming to bring parent-level debt down to ₹200–250 crore and debt-to-EBITDA to 1–1.5x by the end of the year.
• Battery business investment: Neogen Ionics is deploying a total capex of ₹1,800 crore, of which ₹1,300 crore has already been spent, with the remainder funded by secured project debt and fully deployed by the end of the financial year.
• Revenue growth outlook: Consolidated revenue is projected to increase from ₹850 crore to ₹1,250–1,350 crore in the current fiscal year, with long-term plans to reach ₹3,500–4,000 crore by FY29.
• Profitability and margins: Management targets consolidated EBITDA margins above 18% over the next three years and a pre-tax return on capital employed of around 20% once battery capacity is fully utilized.