According to the company’s website news release on May 10, 2023, BASF India Limited (BSE code: 500042) registered sales of Rs. 136,447.7 million for the financial year ended March 31, 2023, as compared to Rs. 130,997.3 million in the previous year, representing an increase of 4%.
The Company reported Profit before tax (before exceptional items) of Rs. 5,280.9 million as compared to Profit before tax (before exceptional items) of Rs. 7,473.6 million in the previous year.
For the quarter ended on March 31, 2023, the Company registered sales of Rs.32,768.9 million, as compared to Rs. 33,895.6 million for the corresponding period of the previous year, an decrease of 3%. Profit before tax (before exceptional items) stood at Rs. 969.2 million for the quarter that ended on March 31, 2023, compared to Profit before tax (before exceptional items) of Rs. 1,785.1 million for the corresponding period of the previous year.
"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.
The Board of Directors of the Company have recommended dividend of Rs. 8 /- per equity share i.e. 80% for the financial year ended 31st March 2023. This is subject to the approval of the shareholders at the forthcoming Annual General Meeting.
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world.
Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €87.3 billion in 2022. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.
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Published on May 25, 2023 5:05 PM (GMT+8)Last Updated on May 25, 2023 5:05 PM (GMT+8)
