BASF India Limited announces Q1 2022-2023 results
03 August 2022, Mumbai: BASF India Limited (BSE code: 500042) registered sales of Rs. 38,877.9 million for the first quarter ended June 30, 2022, as compared to Rs. 30,129.2 million in the corresponding quarter of the previous year, representing an increase of 29%. While quarter ended June 30, 2021 was partially impacted by COVID-19, the Company continued to deliver revenue growth with improved volumes and sales prices during the quarter June 30, 2022.
The Company reported profit before tax of Rs. 2,641.4 million for the quarter ended June 30, 2022 as compared to profit before tax of Rs. 2,484.4 million in the prior-year quarter.
“Revenue growth across all business segments enabled the Company to record highest ever quarterly sales, a growth of 29% over the prior year quarter and 15% over immediate preceding quarter. Active price and margin management enabled the Company to earn record EBIT before exceptional items despite the challenging environment of higher input costs and volatile commodity prices”, said Narayan Krishnamohan, Managing Director, BASF India Limited.
“New product launches and a high degree of customer engagement enabled the Company to gain market share across various segments,” he added.
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