BASF India Ltd today said its profit after tax jumped by 36 per cent at Rs 71.7 crore in the quarter ended June 30, 2012.
The company announced improved sales and earnings for the first quarter of FY 2012-13, a company statement said
here.
Total sales stood at Rs 1,288.8 crore for the quarter ended June 30, 2012 as compared to Rs 1,013.8 crore in the
corresponding quarter of the previous year, an increase of 27 per cent.
The company’s profit before tax grew to Rs 106.3 crore for the quarter ended June 30, 2012 as compared to Rs 78.1
crore in the corresponding quarter of the previous year, an increase of 36 per cent.
The company has made a good start in the first quarter of 2012-13 with an increase in sales and earnings,”
BASF India Chairman & Managing Director Prasad Chandran said.
Furthermore, our continued focus on improving efficiencies, implementing cost-control measures and deriving
synergies following the consolidation of legal entities all added to the growth momentum,” Chandran said.
———————– PTI AP