BASF India (BASF) Q1 24/25 earnings summary

Executive summary

• Standalone and consolidated unaudited financial results for the quarter ended June 30, 2024, were approved by the Board and reviewed by statutory auditors, with no material misstatements identified.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was Rs 39,669 million, up from Rs 33,600 million in the previous quarter and Rs 33,747 million year-over-year.

• Standalone profit before tax (PBT) was Rs 2,966.5 million, including an exceptional gain of Rs 137.8 million from sale of a non-core asset.

• Standalone net profit for the quarter was Rs 2,205.8 million, up from Rs 1,615.1 million in the previous quarter and Rs 1,126.8 million year-over-year.

• Basic and diluted EPS after exceptional item was Rs 51.0 for the quarter.

• Consolidated revenue from operations was Rs 39,669 million, with consolidated net profit at Rs 2,205.7 million.

Outlook and guidance

• The company entered a 25-year Power Purchase Agreement for 27 MW renewable power at its Mangalore site, with a 10-year lock-in for 100% offtake, supporting long-term sustainability.