Chemicals maker BASF India Ltd on May 14 reported a 96 percent year-on-year (YoY) rise in standalone net profit to Rs 161.5 crore for the fourth quarter that ended March 31, 2024.
In the corresponding quarter a year ago, BASF India posted a net profit of Rs 82.3 crore, the company said in a regulatory filing. On a consolidated basis, the profit rose 15 percent QoQ from Rs 140 crore in the December quarter.
The company's revenue from operations rose 2.4 percent to Rs 3,328.1 crore against Rs 3,249.9 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA rose 88 percent to Rs 245 crore in the fourth quarter of this fiscal over Rs 130 crore in the corresponding period in the previous fiscal.
The EBITDA margin stood at 7.31 percent in the reporting quarter.
The company's Board of Directors also recommended payment of a final dividend of 150 percent (Rs 15) on equity shares for the financial year ended March 31, 2024.
BASF India, a 73.33 percent subsidiary of BASF SE, is the flagship company of the BASF group in India. The parent began operations in India, after acquiring RA Cole Pvt Ltd (a manufacturer of expanded polystyrene), which was renamed BASF India in September 1967. The portfolio of BASF SE comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions.
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