BASF India's revenue up 15% in Q3 2013

BASF India Ltd has registered sales of Rs 946.2 crore for the quarter ended December 31, 2013 as compared to Rs 821.3 crore in the corresponding quarter of the previous year; an increase of 15%. BASF India’s profit before tax stood at Rs 1.66 crore for the quarter ended December 31, 2013 as compared to Rs 1.48 crore in the corresponding quarter of the previous year, an increase of 12%. Profit after tax stood at  Rs 1.07 crore in the current quarter as compared to Rs 0.98 crore posted in the corresponding quarter of the previous year; representing an increase of 9%.
 
“In the quarter ended December 2013, our results were driven by strong export demand, mainly for our Performance Products segment where we brought new investments on-stream during the current business year,” said Dr Raman Ramachandran, Chairman & Managing Director, BASF India Limited.
 
For the nine months period of April to December 2013, the company registered sales of Rs 3,361.2 crore as compared to Rs 3,119.7 crore in the corresponding period of the previous year; an increase of 8%. Profit After Tax stood at Rs 121.3 crore for the nine months period of April to December 2013 as compared to Rs 100.8 crore for the corresponding  period of previous year; an increase of 20%.