BASF India reports 7.78% rise in its Q1 net profit

BASF India has reported unaudited results for the first quarter ended June 30, 2011.

The company’s profit for the quarter ended June 30, 2011 has surged by 7.78% at Rs 52.66 crore as compared to Rs 48.86 crore for the corresponding quarter last year. Total income has zoomed by 53.15% at Rs 1016.34 crore for the quarter under review from Rs 663.61 crore for the same quarter last year.

BASF India is a leading player in chemical sector and manufactures and markets a wide range of products such as expandable polystyrene, tanning agents, leather chemicals and auxiliaries including specialized metal complex dyes etc. in primary forms and crop protection chemicals.