BASF India Limited announces Q1 FY 23-24 results

Date:07-25-2023

BASF India Limited registered sales of Rs. 33,746.5 million for the first quarter ended June 30, 2023, as compared to Rs. 38,877.9 million in the orresponding quarter of the previous year, representing a decrease of 13%.

The Company reported profit before tax (before exceptional items) of Rs. 1,518.7 million for the quarter ended June 30, 2023, as compared to profit before tax (before exceptional items) of Rs. 2,641.4 million in the prior-year quarter.

″Despite delayed monsoons the Agricultural Solutions team maintained their revenue growth at par with previous year. This led to better realizations in the market, contributed by the new products launched last year which continue to perform well. Most business segments are impacted due to higher input cost and softening of demand.″ said Alexander Gerding, Managing Director, BASF India Limited.

Click here to see Unaudited Financial Results of BASF India Ltd for the quarter ended 30th June 2023.