 "BASF India gains on good Q4 results")
BASF India has surged 9% to Rs 1,008 on the BSE in early morning trade after the company reported a net profit at Rs 77 crore for the fourth quarter ended March 2016 (Q4), on back of strong operational performance and one-time gain due to profit on sale of its non-core assets.
The specialty chemicals company had registered a net loss of Rs 59 crore in the same quarter last fiscal.
The company’s operational income increased by 7.5% at Rs 1,152 crore against Rs 1,072 crore in the corresponding quarter of the previous fiscal.
Its standalone core operating profit stood at Rs 108 crore for the quarter against operating loss of Rs 6 crore in the same quarter of the previous year and Rs 34 crore in the preceding quarter.
The company said it has recognized Rs 33 crore as profit on sale of its non-core assets i.e. residential properties during the quarter.
At 09:37 am, the stock was up 4% at Rs 964 on the BSE. A combined 157,260 shares changed hands on the counter on the BSE and NSE so far.
The specialty chemicals company had registered a net loss of Rs 59 crore in the same quarter last fiscal.
The company’s operational income increased by 7.5% at Rs 1,152 crore against Rs 1,072 crore in the corresponding quarter of the previous fiscal.
Its standalone core operating profit stood at Rs 108 crore for the quarter against operating loss of Rs 6 crore in the same quarter of the previous year and Rs 34 crore in the preceding quarter.
The company said it has recognized Rs 33 crore as profit on sale of its non-core assets i.e. residential properties during the quarter.
At 09:37 am, the stock was up 4% at Rs 964 on the BSE. A combined 157,260 shares changed hands on the counter on the BSE and NSE so far.