BASF India Limited announces Q2 FY 2021-22 results

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17 November 2021, Mumbai, India: BASF India Limited, registered sales of Rs. 34,054.9 million for the second quarter, which ended on September 30, 2021, as compared to Rs. 24,597.3 million in the corresponding quarter of the previous year, representing an increase of 38%.

The Company reported Profit before tax (before exceptional items) of Rs. 1,831.9 million as compared to profit before tax (before exceptional items) of Rs. 1,113.8 million in the prior-year quarter.

For the half-year ended on September 30, 2021, the Company registered sales of Rs. 64,184.1 million, as compared to Rs. 42,462.2 million for the corresponding period of the previous year, an increase of 51%. Profit Before Tax (before exceptional items) stood at Rs. 4,316.3 million for the half-year, compared to Profit Before Tax (before exceptional items) of Rs. 706.0 million for the corresponding period of the previous year. Profit After Tax (after exceptional items) stood at Rs. 3,346.2 million in the second half of 2021, as compared to Profit After Tax (after exceptional items) of Rs.  3,816.5 million reported in the corresponding period of the previous year.

“Stronger customer engagement, enhanced adoption of digital technologies, higher capacity utilization and robust working capital management enabled the Company record a 38% growth in sales and a 64% increase in profit before exceptional items over previous year.,” said Narayan Krishnamohan, Managing Director, BASF India Limited. “Against the backdrop of an uneven monsoon, automotive production stoppages due to semiconductor chip shortages, global supply chain uncertainties and rising input commodity costs, we continued to grow in volumes and margins to deliver improved earnings.“, he added.     

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