BASF India : announces full year 2023 2024 audited annual results

Mumbai, India - May 14, 2024 - BASF India Limited (BSE code: 500042) registered sales of Rs. 137,674.8 million for the financial year ending March 31, 2024, as compared to Rs. 136,447.7 million in the previous year.

The Company reported profit before tax (before exceptional items) of Rs. 7,589.5 million as compared to profit before tax (before exceptional items) of Rs. 5,280.9 million in the previous year.

In the quarter ending on March 31, 2024, the Company registered sales of Rs. 33,599.7 million, as compared to Rs. 32,768.9 million for the corresponding period of the previous year, an increase of 2%. Profit before tax (before exceptional items) stood at Rs 2,194.1 million for the quarter that ended on March 31, 2024, compared to Profit before tax (before exceptional items) of Rs. 969.2 million for the corresponding period of the previous year.

"Despite volatile market sentiment, the Company has demonstrated solid growth in Agricultural Solutions led by expansion of innovation products and Materials segments. We continue to efficiently manage working capital, while growing our operations in the country. We remain committed to the Company's corporate social responsibility programs." said Alexander Gerding Managing Director, BASF India Limited & Head - BASF Group Companies in India.

"The team's resilience in navigating through difficult environments led to strong business results for the company in fiscal year 2023-2024."

The Board of Directors of the Company have recommended a dividend of Rs. 15 per equity share i.e., 150% for the financial year ending on March 31, 2024. This is subject to the approval of the shareholders at the forthcoming Annual General Meeting.