BASF India Limited announces Q2 FY 2021-22 results

Mumbai, India – November 2, 2021 – BASF India Limited (BSE code: 500042), registered sales of Rs. 34,054.9 million for the second quarter, which ended on September 30, 2021, as compared to Rs. 24,597.3 million in the corresponding quarter of the previous year, representing an increase of 38%.

The Company reported Profit before tax (before exceptional items) of Rs. 1,831.9 million as compared to profit before tax (before exceptional items) of Rs. 1,113.8 million in the prior-year quarter.

For the half-year ended on September 30, 2021, the Company registered sales of Rs. 64,184.1 million, as compared to Rs. 42,462.2 million for the corresponding period of the previous year, an increase of 51%. Profit Before Tax (before exceptional items) stood at Rs. 4,316.3 million for the half-year, compared to Profit Before Tax (before exceptional items) of Rs. 706.0 million for the corresponding period of the previous year. Profit After Tax (after exceptional items) stood at Rs. 3,346.2 million in the second half of 2021, as compared to Profit After Tax (after exceptional items) of Rs.  3,816.5 million reported in the corresponding period of the previous year.

“Stronger customer engagement, enhanced adoption of digital technologies, higher capacity utilization and robust working capital management enabled the Company record a 38% growth in sales and a 64% increase in profit before exceptional items over previous year.,” said Narayan Krishnamohan, Managing Director, BASF India Limited. “Against the backdrop of an uneven monsoon, automotive production stoppages due to semiconductor chip shortages, global supply chain uncertainties and rising input commodity costs, we continued to grow in volumes and margins to deliver improved earnings.“, he added.     

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_{About BASF in India}

_{BASF has successfully partnered India’s progress for more than 130 years. As of the end of 2020, BASF had 2,254 employees in India at 8 production sites and at 39 offices throughout the country. The Innovation Campus Mumbai and the Technical Support Center in Mangalore are both part of BASF’s global technology platform. In 2020, BASF registered sales of approximately €1.6 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. More than 110,000 employees in the BASF Group contribute 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 €59 billion in 2020. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.}