BASF India Limited announces Q3 2021-2022 results
Mumbai, India – February 9, 2022 – BASF India Limited (BSE code: 500042), registered sales of Rs. 32,917.6 million for the third quarter, which ended on December 31, 2021, as compared to Rs. 25,065.4 million in the corresponding quarter of the previous year, representing a growth of 31%.
The Company reported Profit before tax (before exceptional items) of Rs. 1,372.2 million as compared to profit before tax (before exceptional items) of Rs. 1,965.7 million in the prior-year quarter.
“BASF registered a sales growth of 31% over prior year quarter with a double digit growth in both volumes and prices. Supply chain disruptions in key customer industries such as the Automotive sector impacted by chip shortages, caused challenges in demand. However gains in market position and new business secured through enhanced customer engagements enabled the company to overcompensate and grow volumes”, said Narayan Krishnamohan, Managing Director, BASF India Limited. “Maintaining healthy margins and cost levels in an inflationary environment continues to be a priority for the company”, he added.
For the nine months ended on December 31, 2021, the Company registered sales of Rs. 97,101.7 million, as compared to Rs. 67,527.6 million for the corresponding period of the previous year, an increase of 44%. Profit before tax (before exceptional items) stood at Rs. 5,688.5 million for the nine months ended December 31, 2021, compared to profit before tax (before exceptional items) of Rs. 2,672.6 million for the corresponding period of the previous year.
About BASF in India
BASF has successfully partnered India’s progress for more than 130 years. As of the end of 2020, BASF had 2,264 employees in India at 8 production sites and at 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 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
