BASF India stock jumps 12% to scale fresh peak as investors cheer Q1 earnings

In the last one year, BASF India has delivered stellar returns of around 192 percent, nearly tripling investors' money.

Shares of BASF India surged 12 percent, extending previous session's gains to hit a fresh record high of Rs 7,949.90 on NSE as investors cheered the company's fiscal first quarter earnings.

The Indian arm of the German chemical giant BASF (Badische Anilin- & Sodafabrik) reported a 36 percent on-year growth in net profit at Rs 22 crore in Q1 FY25. Its revenue jumped 18 percent YoY to Rs 399 crore during the quarter under review.

The portfolio of BASF India comprises six segments namely chemicals, materials, industrial solutions, surface technologies, nutrition and care and agricultural solutions.

The company’s products cater to various industries including automotive, personal and home care, agriculture, footwear, pharmaceuticals, petrochemicals, and refining. The diversified revenue streams mitigate the impact of cyclicality and competitive pressures in any particular business segment.

The agriculture solution segment of BASF India, which includes insecticides, herbicides, and fungicides among other products, grew 12.4 percent.

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The materials segment, which consists of its performance materials & monomers businesses used in segments like transportation, appliances, and footwear, reported a 13.3 percent rise in revenue.

Analysts believe that in the medium term, stabilizing prices of key crude oil-linked inputs, which constitute a significant portion of raw material costs, will help maintain current margin levels.

At 10:54 am, BASF India shares were trading 9 percent higher at Rs 7,564.30 on NSE. So far this year, the stock has rallied around 150 percent, massively outperforming benchmark Nifty 50 which gained over 11 percent during this period.

In the last one year, the multibagger has delivered stellar returns of around 192 percent, nearly tripling investors' money.

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