BASF India Limited announces Q2 2022-2023 results
Mumbai, India – November 10, 2022 – BASF India Limited (BSE code: 500042), registered sales of Rs. 35,819.9 million for the second quarter, which ended on September 30, 2022, as compared to Rs. 34,054.9 million in the corresponding quarter of the previous year, representing an increase of 5%.
The Company reported Profit before tax (before exceptional items) of Rs. 1,489.7 million as compared to profit before tax (before exceptional items) of Rs. 1,831.9 million in the prior-year quarter.
For the half-year ended on September 30, 2022, the Company registered sales of Rs. 74,697.8 million, as compared to Rs. 64,184.1 million for the corresponding period of the previous year, an increase of 16%. Profit before tax (before exceptional items) stood at Rs. 4,131.1 million for the half-year, compared to Profit Before Tax (before exceptional items) of Rs. 4,316.3 million for the corresponding period of the previous year. Profit after tax (after exceptional items) stood at Rs. 3,098.6 million in the second half of 2022, as compared to Profit after tax (after exceptional items) of Rs. 3,346.2 million reported in the corresponding period of the previous year.
“Effective margin management, working capital and fixed cost control measures enabled the Company to record robust performance despite challenging market conditions. Strong performance of the Agricultural Solutions, Nutrition and Care as well as Industrial Solutions business segments led to a growth of 5% during the quarter and 16% during the half year ended September 2022 as compared to the corresponding periods in the previous fiscal.,” said Narayan Krishnamohan, Managing Director, BASF India Limited. “Customer engagement and sustained growth projects enabled volume growth while margin pressures due to rising input and energy costs were mainly offset to a large extent by increased price realizations.“, he added.
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.
