10 February 2022, Mumbai, India: 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.