January 20, 2015, Mumbai, India - BASF India Limited (BSE code: 500042) registered sales of Rs. 9,775.6 million for the quarter ended December 31, 2014 as compared to Rs. 9,461.5 million in the corresponding quarter of the previous year; an increase of 3%.

The Company's Loss After Tax (after exceptional items) stood at Rs. 395.9 million in the current quarter as compared to Profit After Tax of Rs. 10.7 million posted in the corresponding quarter of the previous year. 

"Functional Materials and Solutions businesses were the main contributors to the growth in sales in the third quarter of FY 2014-15. However, lower sales generated from Dahej plants coupled with its interest, depreciation and other operating costs affected our profitability." said Dr. Raman Ramachandran, Chairman & Managing Director, BASF India Limited.

For the nine months period of April to December 2014, the Company registered sales of Rs. 36,334.3 million as compared to Rs. 33,611.8 million in the corresponding period of the previous year; an increase of 8%. Loss After Tax (after exceptional items) stood at Rs. 75.6 million for the nine months period of April to December 2014 as compared to Profit After Tax of Rs. 1,213.1 million for the corresponding period of previous year.

Click here for the unaudited financial results for quarter ending December 31, 2014( pdf, 97 kb) .

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.

distributed by