BASF India

Net profit fell to Rs 128 crore ($15.2 million) for the three months ended Sept. 30, from Rs 149 crore a year earlier

The company's profit rose 36 per cent year-on-year (Y-o-Y) to Rs 22.1 crore in Q1FY25, from Rs 16.1 crore in the same quarter last year (Q1FY24).

Shares of Vadilal Enterprises (Rs 4,795.70), BASF India (Rs 6,925.70) and Venky's India (Rs 2,191.40) were locked in the upper circuit of 20 per cent on the BSE

The decline in stock price occurred following the announcement that BASF SE, the parent company, would sell its flocculants business for mining applications to Solenis

BASF India Ltd on Tuesday posted a 15.30 per cent jump in consolidated net profit at Rs 161.43 crore during the fourth quarter of the 2023-24 fiscal. Its profit stood at Rs 140 crore in the same quarter in the previous fiscal. Total income rose marginally to Rs 3,384.67 crore during January-March quarter of the 2023-24 financial year, from Rs 3,352.77 crore in the year-ago period, as per the regulatory filing. Expenses remained flat at Rs 3,165.34 crore in the said period. The company's shares rose 12.70 per cent to settle at Rs 4,615 apiece on the BSE.

CEO Martin Brudermueller, who will quit in April to become non-executive chairman of carmaker Mercedes-Benz, cited high competitiveness of the group outside of Germany under challenging conditions

Weak global demand due to inventory destocking and lower rates of Chinese supplies have hurt chemicals makers

Chemicals manufacturer BASF on Wednesday posted a 45 per cent decline in net profit at Rs 82.39 crore in the March quarter. The company's net profit stood at Rs 149.85 crore in the year-ago period, BASF said in a regulatory filing. Revenue from operations of the company witnessed a fall of 3.25 per cent during the quarter under review at Rs 3,249.95 crore as compared with Rs 3,359.46 crore in the same period a year ago. In FY23, the company's net profit dropped 32.36 per cent to Rs 402.89 crore as against Rs 594.84 crore in FY2021-22, BASF said. Revenue from operations of the company in FY23 rose 4.23 per cent to Rs 13,518.79 crore from Rs 12,969.57 crore in FY22. Shares of the company on Wednesday closed 1.10 per cent down at Rs 2,399.40 on the BSE.

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The company reported a net profit of Rs 197.28 crore in Q1FY22 as against a loss of Rs 31.18 crore in Q1FY21

Healthy demand, focus on cost optimisation and expansion plans drive optimism

The project study comprised a world-scale propane dehydrogenation plant, a polypropylene (PP) production and an acrylics value chain complex

The agrochemicals segment, however, should be able to offset some of the growth challenges

Last week, BASF India announced that the company has acquired 100 per cent stake in BASF Performance Polyamides India.

Net revenue rose to Rs 1,769.7 crore in April-June quarter of fiscal year 2020-21 from Rs 1,613.7 crore in the corresponding quarter a year ago

"The company has received an overall consideration of Rs 595.16 crore towards the said divestiture," BASF India said

In India, BASF's Construction Chemical business, which forms part of the Surface Technologies segment, has generated sales of Rs 484 crore for the year ended 31st March, 2019.

The Company has received a consideration of Rs 33.50 crore subject to necessary working capital adjustments

Currently, Reliance Industries Ltd is a major supplier of petrochemicals along with government-owned refiners.