 "BASF’s products with new anti-counterfeiting technology in China")
BASF India has dipped 7% to Rs 971 also its 52-week low on the BSE, after reporting a net loss of Rs 58.70 crore for the quarter ended September 30, 2015 (Q2). The company engaged in specialty chemicals business had loss of Rs 20 crore in the year ago quarter.
Total income from operations declined 7.5% to Rs 1,118 crore in September quarter against Rs 1,208 crore in the corresponding quarter of previous year.
The company said, it has sold its non-crore assets (i.e. residential properties) and has recognized a profit of Rs 20.47 crore during the quarter.
For the first half (April-September, 2015) of current fiscal, the company has posted net loss of Rs 20 crore against profit of Rs 32 crore in the same period last fiscal.
At 02:07 pm, the stock was down 5% at Rs 993 on the BSE. A combined 188,430 shares changed hands on the counter on the BSE and NSE so far.
Total income from operations declined 7.5% to Rs 1,118 crore in September quarter against Rs 1,208 crore in the corresponding quarter of previous year.
The company said, it has sold its non-crore assets (i.e. residential properties) and has recognized a profit of Rs 20.47 crore during the quarter.
For the first half (April-September, 2015) of current fiscal, the company has posted net loss of Rs 20 crore against profit of Rs 32 crore in the same period last fiscal.
At 02:07 pm, the stock was down 5% at Rs 993 on the BSE. A combined 188,430 shares changed hands on the counter on the BSE and NSE so far.
