BASF India Limited has reported Standalone financial results for the period ended June 30, 2023.

The company has reported total income of Rs. 3383.24 crores during the period ended June 30, 2023 as compared to Rs. 3289.05 crores during the period ended March 31, 2023. The company reported total income of Rs.3891.08 crores during the period ended June 30, 2022.

BASF India has posted net profit of Rs. 112.68 crores for the period ended June 30, 2023 as against net profit of Rs. 82.39 crores for the period ended March 31, 2023. The company posted net profit of Rs.196.75 crores for the period ended June 30, 2022.

“Despite delayed monsoons the Agricultural Solutions team maintained their revenue growth at par with previous year. This led to better realizations in the market, contributed by the new products launched last year which continue to perform well. Most business segments are impacted due to higher input cost and softening of demand.” said Alexander Gerding, Managing Director, BASF India Limited.

"I am pleased to share that in addition to implementing various activities as part of our corporate social responsibility initiatives like installing smart classrooms in municipal schools, we also launched the BASF India Kids' Lab 2023 for children from underprivileged backgrounds. This program nurtures children's interest in chemistry through safe experiments and focuses on Climate Protection.”, he added.