BASF India Limited announces Q3 results for FY 2018-19
Mumbai, India – January 23, 2019 – BASF India Limited registered sales of Rs. 14,050 million for the quarter ended December 31, 2018, as compared to Rs. 12,787 million in the corresponding quarter of the previous year, representing an increase of 10%. The Company reported Loss Before Tax (after exceptional items) of Rs. 577 million, as compared to Profit Before Tax (after exceptional items) of Rs. 214 million in the corresponding quarter of the previous year.
Dr. Raman Ramachandran, Chairman and Managing Director, BASF India Limited, said, “Performance at our Dahej site contributed to the overall revenue growth. However, high input costs continued to impact our profitability. As we move into the 75th year of incorporation of the company in India, we remain committed to growing in India with continued emphasis on customer success and needs.”
For the nine months period ended December 31, 2018, on a comparable basis the Company registered sales of Rs. 47,077 million, as compared to Rs. 42,440 million for the corresponding period of the previous year, representing an increase of 11%1. Loss Before Tax (after exceptional items) stood at Rs. 107 million for the nine months ended December 31, 2018 as compared to Profit Before Tax (after exceptional items) of Rs. 1,958 million for the corresponding period of the previous year. Loss After Tax (after exceptional items) stood at Rs. 46 million for the nine months ended December 31, 2018, as compared to Profit After Tax (after exceptional items) of Rs. 1,805 million posted in the corresponding period of the previous year.
[1] As per Indian Accounting Standard 115 & Indian Accounting Standard 18 on Revenue and Schedule III of the Companies Act, 2013, Revenue from Operations until the period ended June 30, 2017 and other comparative periods 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 six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of more than €60 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.
