BASF India Limited posts PAT of Rs 1,518.7 Mn in Q1 2023-24

Company registered sales of Rs 33,746.5 million in Q1 2023-2024, as compared to Rs 38,877.9 million in Q1 2022-23 representing a decrease of 13 per cent.

Agrochemical major, BASF India Limited has reported Profit Before Tax (before exceptional items) of Rs 1,518.7 million for the quarter ended June 30, 2023, as compared to profit before tax (before exceptional items) of Rs 2,641.4 million in the prior-year quarter. 

Company registered sales of Rs 33,746.5 million for the first quarter ended June 30, 2023, as compared to Rs. 38,877.9 million in the corresponding quarter of the previous year, representing a decrease of 13 per cent.

“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.

Company registered sales of Rs 33,746.5 million