BASF India sales up 7 per cent at Rs 55,257.9 million for FY2016-17

04 May 2017 CW Team

BASF India has registered sales of Rs 55,257.9 million for the financial year ended March 31, 2017, representing an increase of 7 per cent over the previous year. The company reported Loss After Tax (after exceptional items) of Rs 141.3 million as compared to Loss After Tax (after exceptional items) of Rs 303.7 million in the previous year.

“BASF India showed improved operating results, driven by growth in the Functional Materials and solutions as well as Performance Products divisions, optimisation of cost and improved operational efficiency. Increased volumes at the Dahej plant also helped. We are confident that these measures will continue to help improve our performance,” said Dr Raman Ramachandran, Chairman and Managing Director, BASF India.

For the quarter ended March 31, 2017, the company registered sales of Rs 13,941.6 million as compared to Rs 12,529.3 million in the corresponding quarter of the previous year. Net Profit After Tax (after exceptional items) stood at Rs 425.5 million for the quarter ended 31 March, 2017, as compared to Net Profit After Tax (after exceptional items) of Rs 787.6 million posted in the corresponding quarter of the previous year.

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