04 Jul 2020 | 11:43 AM

News

COMPANYNEWS
BASF India Lt Q2 net profit down 75.27% at Rs 2.32 cr
  BASF India Ltd. | 17 Jan 2020 | 10:51 AM
Published on 11-07-2019
The company reported standalone net profit of Rs 2.32 crore for the quarter ended September 30 2019 as compared to Rs 9.38 crore in the same period last year registering a year-on-year decline of 75.27 per cent.


Net revenue of the company rose substantially by 24.26 per cent at Rs 2074.33 crore in July-September quarter of this fiscal as against Rs 1669.37 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 24.32 per cent to Rs 1998.27 crore from Rs 1607.36 crore in year ago period.


Other Income grew by 112.93 per cent at Rs 6.26 crore versus (Sep`18 Rs 2.94 crore).


Operating Profit surged by 11.51 per cent to Rs 76.06 crore as against Rs 68.21 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 10.27 per cent in September quarter.


Interest grew by 1.71 per cent y-o-y to Rs 22.64 crore while Taxation decreased by 68.40 per cent at Rs 0.79 crore (Sep`18 Rs 2.50 crore).