BASF India Limited registered sales of Rs. 3,291.7 crore for the third quarter, which ended on December 31, 2021, as compared to Rs. 2,506.5 crore in the corresponding quarter of the previous year, representing a growth of 31%.

 

The company reported Profit before tax (before exceptional items) of Rs. 137.2 crore as compared to profit before tax (before exceptional items) of Rs. 196.5 crore in the prior-year quarter.

 

“BASF registered a sales growth of 31% over the previous 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”, added Krishnamohan.

 

For the nine months ended on December 31, 2021, the company registered sales of Rs. 9,710.2 crore as compared to Rs. 6,752.7 crore for the corresponding period of the previous year, an increase of 44%. 

 

Profit before tax (before exceptional items) stood at Rs. 568.8 crore for the nine months ended December 31, 2021, compared to profit before tax (before exceptional items) of Rs. 267.2 crore for the corresponding period of the previous year.