India News | BASF Q4 Net Profit Falls 45 Pc to Rs 82.39 Crore
Get latest articles and stories on India at LatestLY. Chemicals manufacturer BASF on Wednesday posted a 45 per cent decline in net profit at Rs 82.39 crore in the March quarter.
Mumbai, May 10 (PTI) Chemicals manufacturer BASF on Wednesday posted a 45 per cent decline in net profit at Rs 82.39 crore in the March quarter.
The company's net profit stood at Rs 149.85 crore in the year-ago period, BASF said in a regulatory filing.
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Revenue from operations of the company witnessed a fall of 3.25 per cent during the quarter under review at Rs 3,249.95 crore as compared with Rs 3,359.46 crore in the same period a year ago.
In FY23, the company's net profit dropped 32.36 per cent to Rs 402.89 crore as against Rs 594.84 crore in FY2021-22, BASF said.
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Revenue from operations of the company in FY23 rose 4.23 per cent to Rs 13,518.79 crore from Rs 12,969.57 crore in FY22.
Shares of the company on Wednesday closed 1.10 per cent down at Rs 2,399.40 on the BSE.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)