BASF India : announces Q1 2016-17 Results

August 4, 2016, Mumbai, India - BASF India Limited (BSE code: 500042) registered sales of Rs. 15,077 million for the quarter ended June 30, 2016, as compared to Rs. 14,676 million in the corresponding quarter of the previous year.

The Company's profit before tax (before exceptional items) stood at Rs. 83 million for the quarter ended June 30, 2016 as compared to loss before tax (before exceptional items) of Rs. 194 million in the corresponding quarter of the previous year. Profit after tax (after exceptional items) stood at Rs. 98 million for the quarter ended June 30, 2016, as compared to profit after tax (after exceptional items) of Rs. 782 million posted in the corresponding quarter of the previous year.

'We have started the year on a good note with the timely onset of the monsoon. With our Dahej site ramping up its capacities, we have been able to better support market demands. Our Performance Products and Functional Materials & Solutions segments registered volume increase and margin improvements across their major businesses. Results in our Agricultural Solutions segment were impacted by pricing pressures from generics and by higher material-related costs,' said Raman Ramachandran, Chairman & Managing Director, BASF India Limited.

The Company has started preparing its financial results, including the relevant previous year comparables, in compliance with the Indian Accounting Standards (Ind-AS) as notified by the Ministry of Corporate Affairs.

About BASF in India
BASF has successfully partnered India's progress for more than 125 years, with all global businesses maintaining a presence in India today except for Oil & Gas. As of the end of 2015, BASF in India had 2,236 employees at nine production sites & eight sales offices, as well as two R&D centers, located in Mumbai and Mangalore. In 2015, BASF registered sales of approximately €1.1 billion to customers in India. Further information is available on the Internet at www.basf.com/in

About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 112,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of more than €70 billion in 2015. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information at www.basf.com.