Net profit of BASF India declined 14.19% to Rs 127.94 crore in the quarter ended September 2024 as against Rs 149.10 crore during the previous quarter ended September 2023. Sales rose 14.65% to Rs 4244.73 crore in the quarter ended September 2024 as against Rs 3702.19 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales4244.733702.19 15 OPM %4.736.32 - PBDT216.32247.71 -13 PBT171.20200.27 -15 NP127.94149.10 -14 Powered by Capital Market - Live News

BASF India has appointed Narendranath J. Baliga (DIN: 07005484) as the Whole-time Director of the Company for the period effective from 1 January 2025 to 30 June 2027. Powered by Capital Market - Live News

BASF India will hold a meeting of the Board of Directors of the Company on 12 November 2024.Powered by Capital Market - Live News

Net profit of BASF India rose 95.76% to Rs 220.58 crore in the quarter ended June 2024 as against Rs 112.68 crore during the previous quarter ended June 2023. Sales rose 17.64% to Rs 3964.27 crore in the quarter ended June 2024 as against Rs 3369.97 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales3964.273369.97 18 OPM %7.885.87 - PBDT329.64198.58 66 PBT282.87151.87 86 NP220.58112.68 96 Powered by Capital Market - Live News

BASF India announced that its ultimate holding company, BASF SE, Germany has signed an agreement on 17 July 2024 with Solenis, a global producer of specialty chemicals headquartered in Wilmington, Delaware, to globally sell BASF`s flocculants business for mining applications. The divestment of BASF`s flocculants business to Solenis is part of BASF`s global portfolio optimization, aiming to focus on core strategic areas. The transaction is expected to close in the second half of 2024, subject to the approval(s) of the relevant Competition Commission / Anti-trust authorities. In India, the flocculants business for mining applications, forms part of the Performance Chemicals Division of Industrial Solutions Segment of BASF India. The flocculants business generated net sales of approx. Rs. 27.7 crore representing 0.20 % of the total sales for the financial year ended 31 March 2024. Powered by Capital Market - Live News