Chemical company BASF India Q1 net profit up by 36%
The company had posted a net profit of Rs 52.66 crore in the same period last financial year, it said in a filing to the BSE.
By PTI | Updated:
MUMBAI: Chemical company BASF India today posted a 36 per cent jump in net profit at Rs 71.68 crore for the quarter ended June 30 on account of increased sales.
The company had posted a net profit of Rs 52.66 crore in the same period last financial year, it said in a filing to the BSE.
The company's net sales rose to Rs 1,291.87 crore in the reported quarter from Rs 1,015 crore in the same period last year, it said.
However, the company's expenses remained higher at Rs 1,181.74 crore during the first quarter of the current fiscal, compared to Rs 935.76 crore in the same period last year.
BASF India manufactures polymers, tanning agents, leather chemicals and auxiliaries, crop protection chemicals, textile chemicals, speciality chemicals, performance plastics, automotive and coil coatings, construction chemicals, polystyrene and polyurethane systems.
The company had posted a net profit of Rs 52.66 crore in the same period last financial year, it said in a filing to the BSE.
The company's net sales rose to Rs 1,291.87 crore in the reported quarter from Rs 1,015 crore in the same period last year, it said.
However, the company's expenses remained higher at Rs 1,181.74 crore during the first quarter of the current fiscal, compared to Rs 935.76 crore in the same period last year.
BASF India manufactures polymers, tanning agents, leather chemicals and auxiliaries, crop protection chemicals, textile chemicals, speciality chemicals, performance plastics, automotive and coil coatings, construction chemicals, polystyrene and polyurethane systems.
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