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BASF India announces Q1 results

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BASF India announced improved sales and earnings for the first quarter of FY 2013-14. Total sales stood at Rs. 13,568 million for the quarter ended June 30, 2013 as compared to Rs.12,888 million in the corresponding quarter of the previous year, an increase of 5.3 per cent. The company’s profit before tax grew to Rs. 1,317 million for the quarter ended June 30, 2013 as compared to Rs. 1,063 million in the corresponding quarter of the previous year, an increase of 23.9 per cent. Profit after tax at Rs. 869 million was 21.2 per cent higher compared to the corresponding quarter of the previous year. "Our sales growth in the first quarter of FY 2013-14 was driven in particular by a strong demand for products from our agrochemicals division", said Mr. Prasad Chandran, Chairman & Managing Director, BASF India Limited. "Continued focus on customer partnerships with value-added services ensured profitable growth, " he added.

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