By: ICN Bureau
Last updated : May 12, 2023 11:03 am
The company registered sales of Rs.3276.89 crore for the quarter ended on March 31, 2023
BASF India Ltd reported a 45 per cent decline to Rs 82 crore in its net profit for the quarter ended March 31, 2023 due to weak sales and a surge in input costs. For the quarter ended on March 31, 2023, the company registered sales of Rs.3276.89 crore, as compared to Rs. 3389.56 crore for the corresponding period of the previous year, a decrease of 3%.
Despite macroeconomic challenges, our company has shown resilience with our agricultural solutions, nutrition and care as well as surface technologies segments seeing consistent growth. We continue to efficiently manage working capital while increasing operations" said Alexander Gerding, Managing Director, BASF India Limited. We are pleased to see that the growth witnessed by the Company over the years has also empowered us to contribute substantially for corporate social responsibility focused projects,” he added.
BASF India Limited registered sales of Rs. 13,644.77 crore for the financial year ended March 31, 2023, as compared to Rs. 13,099.73 crore the previous year, representing an increase of 4%.Th