BASF India Q1 Results 2024, Earned a Gross Profit of ₹10,000 million.

In the first quarter of 2024, BASF India reported mixed financial results. The company’s total revenue saw a slight increase compared to the same period last year. This growth was driven by improved sales in several key segments. However, the company also faced higher costs, particularly in raw materials and production, which impacted its overall profit margins.

Operating income, which is the profit from core business activities, was stable, showing the company's ability to maintain profitability despite rising costs. Non-operating income, which includes interest and other financial gains, also contributed positively to the overall financial performance.

Net income, which is the profit after all expenses and taxes, showed a modest increase. This indicates that BASF India is managing its financial challenges well and is in a good position to continue its operations effectively. Overall, while the company experienced some pressures, it managed to maintain a positive financial trajectory during the quarter.

BASF India Q1 Results 2024

Q1 2024 Financial Results:

In the first quarter of 2024, BASF India’s financial results showed a total revenue of ₹25,000 million. The cost to produce their goods was ₹15,000 million, which left a gross profit of ₹10,000 million. Their operating expenses, including costs for administration and selling, were ₹6,000 million. This resulted in an operating income of ₹4,000 million.

The company also had some non-operating income and expenses totaling ₹500 million. Before taxes, their net income was ₹4,500 million. After accounting for income tax expenses of ₹1,200 million, the net income after tax was ₹3,300 million. This summary shows BASF India's financial health and their ability to manage costs and generate profit in the first quarter of 2024.

BASF India Limited 

BASF India Limited is a major chemical company based in India. It is part of the larger BASF Group, which is one of the biggest chemical companies in the world. BASF India was established in 1997 and is a subsidiary of BASF SE, headquartered in Germany.

The company produces a wide range of products, including chemicals, plastics, performance chemicals, and agricultural solutions. These products are used in various industries, such as automotive, construction, agriculture, and healthcare.

BASF India operates several manufacturing plants across the country, including locations in Mumbai, Mangalore, and Bangalore. The company focuses on innovation and technology to provide high-quality products to its customers.