BASF India reported 24.43% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs2,506.54cr. BASF saw good traction in verticals like agricultural solutions, materials, industrial solutions, nutrition care and chemicals. However, the company did see tapering of revenues in the case of the surface technologies vertical.
The consolidated Profit after tax (PAT) for the Dec-20 quarter turned around to Rs115.15cr from a net loss of Rs32.38cr in the Dec-19 quarter. In the Dec-19 quarter, the company booked an exceptional loss of Rs14.8cr on divestiture of its optical brightening agents or OBA business. However, in the Sep-20 quarter, BASF also booked an exceptional gain of Rs423cr as profit on divestiture of the construction chemicals business. PAT margins came in at 4.59% in Dec-20 quarter.
Financial highlights for Dec-20 compared yoy and sequentially
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BASF India |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 2,506.54 |
₹ 2,014.38 |
24.43% |
₹ 2,459.73 |
1.90% |
|
Net Profit (Rs cr) |
₹ 115.15 |
₹ -32.38 |
N.A. |
₹ 412.83 |
-72.11% |
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Diluted EPS (Rs) |
₹ 26.60 |
₹ -7.50 |
|
₹ 95.40 |
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Net Margins |
4.59% |
-1.61% |
|
16.78% |
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