BASF India reported profit after tax (PAT) of Rs 28.1 crore for the second quarter ended September 30, down from Rs 34.2 crore posted in the same period of the previous year. Sales stood at Rs 1,006.6 crore as against Rs 959.3 crore in the corresponding period of the previous year, showing an increase of 5% on a comparable basis, a company statement said here.

Profit before tax (before exceptional item) stood at Rs 50.4 crore for the quarter under review as compared to Rs 50.6 crore for the corresponding period of the last fiscal.

Subsequent to the companyí¢â‚¬â„¢s decision to shut down the EPS business in India, including the Styropor Production at Thane, an amount of Rs. 8.9 crore has been provided in respect of net fixed assets of EPS business as exceptional item during the quarter ended September 30, 2012.  After this provision, Profit Before Tax (after exceptional item) stood at Rs. 41.50 crore for the quarter ended September 30, 2012. Profit after tax stood at Rs 281million for the quarter ended September 30, 2012 as compared to Rs 34.2 crore  for the corresponding quarter of the previous year.

í¢â‚¬Å“We achieved moderate growth in sales in the second quarter of 2012,í¢â‚¬ said Mr. Prasad Chandran, Chairman & Managing Director, BASF India Limited. í¢â‚¬Å“Performance Chemicals and Polyurethanes continued to drive sales growth,í¢â‚¬ he added.

For the half year ended September 30, 2012, the company registered sales of Rs. 2298.5 crore as compared to Rs. 1974.3 crore for the corresponding period of the previous year, representing an increase of 16% on a comparable basis.

Profit Before Tax (after exceptional item) stood at Rs. 147.8 crore for the half year ended September 30, 2012 as compared to Rs. 128.7 crore for the corresponding period of previous year, an increase of 15%.
 
Profit After Tax (after exceptional item) stood at Rs. 99.8 crore for the half year ended September 30, 2012 as compared to Rs. 86.9 crore for the corresponding period of previous year, an increase of 15%.