BASF India standalone net profit of Rs.173 crore in Q2FY18, vs net loss of Rs. 19.39 crore in Q2FY17
BASF India Ltd Q2FY18
Standalone Results Q2FY18: (Rs. in crore)Q2FY18YoY (%)
EBITDA Margin (%)
Net Profit (adjusted)
-***EBITDA margin change is bps
BASF India standalone revenue for the quarter came in at Rs. 1455 crore, registering 3.9% yoy increase. This was primarily driven by rise in revenue from Chemicals and Agricultural solutions by 60.6% yoy and 17% yoy, respectively.
EBITDA for the quarter rose by 117.5% yoy to Rs. 114 crore with a corresponding margin expansion of 411 bps. EBITDA margin for the quarter stood at 7.9%. This margin expansion was aided by 9% yoy decline in other expenses.
Unadjusted PAT for the quarter came in at Rs. 173 crore vs net loss Rs. 19.4 crore in corresponding quarter last year. The company reported exceptional gain of Rs. 131.7 crore during the quarter.
BASF India Ltd is currently trading at Rs. 1,840, up by 108.25 points or 6.25% from its previous closing of Rs. 1,731.75 on the BSE.
The scrip opened at Rs. 1,771 and has touched a high and low of Rs. 1,968.25 and Rs. 1,735 respectively. So far 2,97,028(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
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Via:: Stock – India Infoline