The company reported Profit before tax (before exceptional items) of Rs 1,831.9 million
BASF India registered sales of Rs 34,054.9 million for the second quarter, which ended on September 30, 2021, as compared to Rs 24,597.3 million in the corresponding quarter of the previous year, representing an increase of 38 per cent.
The company reported Profit before tax (before exceptional items) of Rs 1,831.9 million as compared to profit before tax (before exceptional items) of Rs 1,113.8 million in the prior-year quarter.
For the half-year ended on September 30, 2021, the company registered sales of Rs 64,184.1 million, as compared to Rs 42,462.2 million for the corresponding period of the previous year, an increase of 51 per cent. Profit Before Tax (before exceptional items) stood at Rs 4,316.3 million for the half-year, compared to Profit Before Tax (before exceptional items) of Rs 706.0 million for the corresponding period of the previous year. Profit After Tax (after exceptional items) stood at Rs 3,346.2 million in the second half of 2021, as compared to Profit After Tax (after exceptional items) of Rs 3,816.5 million reported in the corresponding period of the previous year.
“Stronger customer engagement, enhanced adoption of digital technologies, higher capacity utilization and robust working capital management enabled the company record a 38 per cent growth in sales and a 64 per cent increase in profit before exceptional items over the previous year,” said Narayan Krishnamohan, MD, BASF India.
