365telugu.com online news,India,May 9, 2022:BASF India Limited (BSE code: 500042) registered sales of Rs. 130,997.3 million for the financial year ended March 31, 2022, as compared to Rs. 95,583.4 million in the previous year, representing an increase of 37%.
The Company reported Profit before tax (before exceptional items) of Rs. 7,473.6 million as compared to Profit before tax (before exceptional items) of Rs. 4,378.7 million in the previous year.
For the quarter ended on March 31, 2022, the Company registered sales of Rs. 33,895.6 million, as compared to Rs. 28,055.8 million for the corresponding period of the previous year, an increase of 21%. Profit before tax (before exceptional items) stood at Rs. 1,785.1 million for the quarter that ended on March 31, 2022, compared to Profit before tax (before exceptional items) of Rs. 1,706.1 million for the corresponding period of the previous year.
“BASF India Limited registered a robust March quarter with sales and profits before exceptional items exceeding the previous quarter and the corresponding previous year quarter,” said Narayan Krishnamohan, Managing Director, BASF India Limited.
“Despite the challenges posed by the second wave of COVID-19, an erratic monsoon, supply chain disruptions and intense cost pressure from commodity pricing, the company delivered record sales and profit before exceptional items for FY22, driven by volume and margin growth, Stringent working capital and cash management enabled the Company to end the financial year with zero debt”, he added.
The Board of Directors of the Company have recommended dividend of Rs. 6/- per equity share i.e. 60% for the financial year ended 31st March 2022. This is subject to the approval of the shareholders at the forthcoming Annual General Meeting