BASF India Limited announces Q1 2018-19 Results
Mumbai, India – July 31, 2018 – BASF India Limited (BSE code: 500042) registered sales of Rs. 16,271.1 million for the quarter ended June 30, 2018, representing an increase of 8%* over the corresponding quarter of the previous year.
The company reported profit after tax of Rs. 244.5 million as compared to profit after tax of Rs. 6.8 million in the corresponding quarter of the previous year.
"A good monsoon led to sales and profit growth in our agricultural business segment. We saw positive volume growth in multiple business units, however crude oil and exchange rate volatility impacted our margins in certain business divisions. We aim to continue our profitable growth by implementing measures for resource optimization, portfolio management and operational efficiency,” said Dr. Raman Ramachandran, Chairman and Managing Director, BASF India Limited.
* As per Indian Accounting Standard 18 on Revenue and Schedule III of the Companies Act, 2013, Revenue from Operations for the quarter ended June 30, 2018 does not include Goods and Service Tax (GST), however Revenue from Operations for the quarter ended June 30, 2017 includes Excise Duty. Revenue from Operations has been adjusted for GST/Excise duty for the relevant period(s) for more coherent comparison.
About BASF in India
BASF has successfully partnered India’s progress for more than 125 years, with all global businesses maintaining a presence in India today, except for Oil & Gas. At the end of 2017, BASF in India had 2,313 employees at 11 production sites and at offices throughout the country, as well as at its Innovation Campus Mumbai and at R&D centers in Mangalore. In 2017, BASF registered sales of approximately €1.3 billion to customers in India. Further information is available on the Internet at www.basf.com/in.
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The more than 115,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of €64.5 billion in 2017. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.
