May 7, 2015, Mumbai, India – Sales of BASF India Limited (BSE code: 500042) for the financial year 2014-15 were Rs. 47057 million rupees representing an increase of 6% over the previous year. The Company reported a loss after tax (after exceptional items) of Rs. 669 million.
“Growth in sales for the current financial year was mainly driven by the Functional Materials and Solutions businesses. Delayed and erratic monsoon impacted sales and profitability of our agricultural solutions business. Besides this, profitability was also impacted by the start-up phase of the Dahej site and further investments in the future growth of our business such as our new construction chemicals site in Nellore,” said Dr. Raman Ramachandran, Chairman & Managing Director, BASF India Limited.
For the quarter ended March 31, 2015, the Company registered sales of Rs. 10723 million as compared to Rs. 10687 million in the corresponding period of the previous year. Loss after tax (after exceptional item) stood at Rs. 593 million for the quarter ended March 31, 2015 as compared to Profit After Tax of Rs. 66 million posted in the corresponding quarter of the previous year.
The Directors have recommended payment of a dividend of Rs. 4/- per equity share of Rs.10/- each (i.e. 40%) for the financial year ended March 31, 2015 out of accumulated profits of earlier years.
About BASF in India
BASF has successfully partnered India’s progress for over a century, with 13 of BASF’s 14 global businesses maintaining a local presence in India today. BASF in India has 2,186 employees at about 20 production sites & sales offices and R&D centers in Mumbai and Mangalore. In 2014, BASF registered sales of €1.1 billion to customers in India.
About BASF
At BASF, we create chemistry – and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world’s leading chemical company, we combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of over €74 billion in 2014 and around 113,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet atwww.basf.com.
Audited Financial Results for financial year ended March 31, 2015 (
pdf, 173 kb)
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