Mumbai, India - October 21, 2014 - BASF India Limited (BSE code: 500042) registered sales of Rs. 12082 million for the quarter ended September 30, 2014 as compared to Rs. 10555 million for the corresponding quarter in the previous year, an increase of 14%.

The Company's Profit Before Interest and Tax stood at Rs. 35 million for the quarter ended September 30, 2014 as compared to Rs. 637 million for the corresponding quarter of previous year.

"The increased sales in the second quarter of FY 2014-15 were mainly a result of the strong growth of our Functional Materials and Solutions businesses. However, late and erratic monsoons impacted profitability of the Agricultural Solutions business adversely. Besides this, with commencement of commercial production of some of the plants at Dahej site, additional depreciation, interest, pre-commisioning market development and start-up costs have impacted the profitability this quarter." said Dr. Raman Ramachandran, Chairman & Managing Director, BASF India Limited.

For the half-year ended September 30, 2014, the Company registered sales of Rs. 26558 million as compared to Rs. 24150 million for the corresponding period of the previous year; an increase of 10%.

Profit Before Interest and Tax stood at Rs. 723 million for the half year ended September 30, 2014 as compared to Rs. 1977 million for the corresponding period of the previous year.

The Board of Directors also approved the following changes in Directorship:

  1. Appointment of Dr. Andrea Frenzel, Senior Vice-President, Strategic Planning, BASF SE as Woman Director in place of Mr. Andrew Postlethwaite effective January 1, 2015, complying with the requirement of Companies Act 2013 as well as Clause 49 of the listing agreements.
  2. Appointment of Narendranath Baliga, Vice President, Finance and Corporate Processes, BASF South Asia as Whole time Director and also as Alternate Director to Dr. Andrea Frenzel in place of Mr. S. Regunathan effective January 1, 2015.

About BASF in India

BASF has successfully partnered India's progress for over a century, with 13 of BASF's 14 global businesses maintaining a local presence in India today. BASF in India maintains excellent performance in environment, health and safety, in line with BASF global and internationally accepted standards. On the social front, our community development activities focus on relief and rehabilitation, women's empowerment, education, and improving governance standards. BASF in India has 2,254 employees at eight production sites & sales offices and two R&D centers. In 2013, BASF registered sales of €1.02 billion to customers in India.

About BASF

At BASF, we create chemistry - and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world's leading chemical company, we combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of about €74 billion in 2013 and over 112,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.

for BASF India Limited

Company Secretary

Click here( pdf, 146 kb) for Unaudited Financial Results for Quarter and Half Year ended September 30, 2014

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