BASF India Ltd., an Indian subsidiary of BASF SE Germany announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit declined 30.4% to Rs 1.37 billion for the period ended September 30, 2021 as against net profit of Rs 1.97 billion for the previous quarter.
Net sales increased 13.01% to Rs 34.08 billion during the period ended September 30, 2021 as compared to Rs 30.16 billion during the previous quarter.
Q2 Results- YoY
The company’s net profit dropped 66.7% to Rs 1.37 billion for the period ended September 30, 2021 as against net profit of Rs 4.13 billion for the prior-year quarter.
Net sales increased 38.4% to Rs 34.08 billion during the period ended September 30, 2021 as compared to Rs 24.62 billion during the prior-year quarter.
Half-Year Results- YoY
The company’s net profit declined 12.3% to Rs 3.34 billion for the 6 months period ended September 30, 2021 as against net profit of Rs 3.81 billion for the prior-year 6 months period.
Net sales increased 51.1% to Rs 64.24 billion during the 6 months period ended September 30, 2021 as compared to Rs 42.52 billion during the prior-year 6 months period.
BASF India Ltd is engaged in the business of manufacture and selling agrochemicals, basic chemicals, construction chemicals, electronic/electrical chemicals, textile/leather chemicals, paints & coatings and other specialty chemicals.