BASF India's PAT up 19% in Q2 2013-14

BASF India registered sales of Rs 1055.5 crore for the quarter ended September 30, 2013 up by 5% compared to Rs 1006.6 crore for the corresponding quarter in the previous year. The company’s profit before tax stood at Rs 51 crore for the quarter ended September 30, 2013 as compared to Rs 41.5 crore for the corresponding quarter of previous year, up by 23%. Profit after tax increased to Rs 33.4 crore in the current quarter as compared to Rs 28.1 crore posted in the corresponding quarter of the previous year; representing an increase of 19%.
 
“An extended monsoon, good product mix and better realisation helped improve profitability in the Crop Protection and the Performance Products segments,” said Dr Raman Ramachandran, Chairman & Managing Director, BASF India Ltd.
 
For the half-year ended September 30, 2013, the company registered sales of Rs 2415 crore as compared to Rs 2298.5 crore for the corresponding period of the previous year; an increase of 5%. Profit before tax stood at Rs 182.7 crore for the half year ended September 30, 2013 as compared to Rs 147.8 crore for the corresponding period of the previous year, up by 24%. Profit after tax at Rs 120.2 crore for the half year ended September 30, 2013 was up by 20%, as compared to Rs 99.8 crore for the corresponding period of previous year.