BASF India Limited announces Q3 2024-2025 results
Mumbai, India – February 4, 2024 – BASF India Limited (BSE code: 500042), registered sales of Rs. 37,586.7 million for the third quarter, which ended on December 31, 2024, as compared to Rs. 33,262.6 million in the corresponding quarter of the previous year, representing an increase of 13%.
The Company reported Profit before tax (before exceptional items) of Rs. 1,377.4 million for the quarter ended December 31, 2024 as compared to Profit before tax (before exceptional items) of Rs. 1,874.0 million in the corresponding quarter of the previous year.
For the nine months ended on December 31, 2024, the Company registered sales of Rs. 1,19,732.9 million, as compared to Rs. 1,04,075.1 million for the corresponding period of the previous year, an increase of 15%. Profit before tax (before exceptional items) stood at Rs. 5,918.1 million for the nine months ended December 31, 2024, compared to Profit Before Tax (before exceptional items) of Rs. 5,395.4 million for the nine months ended December 31, 2023 for the corresponding period of the previous year. Profit after tax (after exceptional items) stood at Rs. 4,521.0 million for the nine months ended December 31, 2024 as compared to Profit after tax (after exceptional items) of Rs. 4,018.4 million reported in the corresponding period of the previous year.
"Despite the challenging market condition in Q3, the Company reported revenue growth in Agricultural Solutions, Industrial Solutions, Materials, Surface Technologies and Chemicals segments, largely driven by higher volumes. However, this growth was impacted by higher input costs," said Alexander Gerding, Managing Director, BASF India Limited.
About BASF in India
BASF has successfully partnered India’s progress for more than 130 years. As of the end of 2023, BASF had 2,335 employees in India with 8 production sites and 42 offices throughout the country. The Innovation Campus Mumbai and the Coatings Technical Center in Mangalore are both part of BASF’s global technology platform. In 2023, BASF registered sales of approximately €2.4 billion to customers in India. Further information is available on www.basf.com/in
