BASF India Limited announces full-year 2021-2022 audited annual results
Mumbai, India – May 09, 2022 – BASF India Limited (BSE code: 500042) registered sales of Rs. 130,997.3 million for the financial year ended March 31, 2022, as compared to Rs. 95,583.4 million in the previous year, representing an increase of 37%.
The Company reported Profit before tax (before exceptional items) of Rs. 7,473.6 million as compared to Profit before tax (before exceptional items) of Rs. 4,378.7 million in the previous year.
For the quarter ended on March 31, 2022, the Company registered sales of Rs. 33,895.6 million, as compared to Rs. 28,055.8 million for the corresponding period of the previous year, an increase of 21%. Profit before tax (before exceptional items) stood at Rs. 1,785.1 million for the quarter that ended on March 31, 2022, compared to Profit before tax (before exceptional items) of Rs. 1,706.1 million for the corresponding period of the previous year.
“BASF India Limited registered a robust March quarter with sales and profits before exceptional items exceeding the previous quarter and the corresponding previous year quarter,” said Narayan Krishnamohan, Managing Director, BASF India Limited.
“Despite the challenges posed by the second wave of COVID-19, an erratic monsoon, supply chain disruptions and intense cost pressure from commodity pricing, the company delivered record sales and profit before exceptional items for FY22, driven by volume and margin growth, Stringent working capital and cash management enabled the Company to end the financial year with zero debt”, he added.
The Board of Directors of the Company have recommended dividend of Rs. 6/- per equity share i.e. 60% for the financial year ended 31st March 2022. This is subject to the approval of the shareholders at the forthcoming Annual General Meeting.
About BASF in India
BASF has successfully partnered India’s progress for more than 130 years. As of the end of 2021, BASF had 2,311 employees in India with 8 production sites and 39 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 2021, BASF registered sales of approximately €2.3 billion to customers in India. Further information is available on 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. Around 111.000 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 comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €78.6 billion in 2021. 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.
