BASF India Q1 PAT remains flat on higher expenses

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Capital Market
Last Updated : Aug 03 2022 | 5:31 PM IST

BASF India's net profit remained flat at Rs 197 crore as revenue increased by 29% to Rs 3,858 crore in Q1 FY23 over Q1 FY22.

Total expenses during the quarter increased by 31% YoY to Rs 3627 crore, due to higher raw material costs (up 36% YoY), higher cost of stock-in-trade purchases, (up 39% YoY) and higher other expenses (up 73% YoY).

Profit before tax in Q1 FY23 stood at Rs 264 crore, up by 6% from Rs 248 crore in Q1 FY22. Total tax outgo for the period under review was Rs 67 crore (up 32% YoY).

BASF India is engaged in providing chemicals, plastics, performance products and crop protection products.

The scrip rose 2.06% to currently trade at Rs 2841.35 on the BSE.

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First Published: Aug 03 2022 | 2:32 PM IST

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