BASF

July 30 (Reuters) - BASF India Ltd BASF.NS:

• BASF INDIA Q1 PROFIT 1.47 BILLION RUPEES

• BASF INDIA Q1 SALE OF PRODUCTS 37.21 BILLION RUPEES

Source text: ID:nBSE58GC3C

Further company coverage: BASF.NS

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May 14 (Reuters) - Chemicals maker BASF India BASF.NS reported a 70.8% slump in fourth-quarter profit on Wednesday, dragged by sluggish demand for agrochemicals.

The Indian arm of Germany's BASF BASFn.DE said its profit for the three months ended March 31 fell to 471 million rupees ($5.5 million), from 1.62 billion rupees a year earlier.

The company posted a 5.2% fall in the sale of its products.

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KEY CONTEXT

Agrochemical companies continued to experience demand volatility in both Indian and international markets, which weighed on overall volume growth for the sector in the quarter.

While heavy rains affected demand in the first half of fiscal 2025, analysts expect rainfall to be lower going forward as conditions shift from the La Niña weather phenomenon to neutral. Seed availability is also likely to improve in the first quarter of fiscal 2026, according to analysts.

Peer SRF Ltd SRFL.NS, which reported profit above estimates earlier this week, said it remained cautiously optimistic but flagged continued uncertainty due to a volatile global economy.

PEER COMPARISON

May 14 (Reuters) -

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JANUARY-MARCH STOCK PERFORMANCE

-- All data from LSEG IBES

-- $1 = 85.2500 Indian rupees

(Reporting by Yagnoseni Das in Bengaluru; Editing by Sherry Jacob-Phillips and Janane Venkatraman)

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April 25 (Reuters) - BASF India Ltd BASF.NS:

• BASF INDIA LTD - APPROVES ACQUISITION OF 100% EQUITY IN BASF AGRICULTURAL SOLUTIONS INDIA

Source text: ID:nBSE3JpxBD

Further company coverage: BASF.NS

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Feb 4 (Reuters) - BASF India Ltd BASF.NS:

• CLOSURE OF TURBO TUBE DRYER UNIT AT COMPANY'S MANUFACTURING SITE AT DAHEJ

• DECISION TO CLOSE UNIT DUE TO TECHNOLOGY NOT BEING REFLECTIVE OF CURRENT INDIAN MARKET STANDARDS

• CLOSURE OF TURBO TUBE DRYER UNIT IS EXPECTED BY FIRST HALF OF 2025

Source text: ID:nBSE7P2hX2

Further company coverage: BASF.NS

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Dec 13 (Reuters) - Industry lobby VCI expects orders and sales for the German chemicals industry to stagnate in 2025 as high producer prices and low order backlogs weigh on revenue, it said on Friday.

The association, which represents around 1,900 companies, said revenues in the chemical-pharmaceutical industry decreased by 2% to 221 billion euros ($231.34 billion) in 2024, as prices decreased and sales in Germany were down by 4%.

The industry suffered from high production costs and weak demand throughout 2023. Some companies flagged tentative signs of recovery in early 2024, but that optimism has since faded as high costs and labour shortages continue to weigh.

"It's a gloomy assessment. The only silver lining is that the rapid downturn of the last two years has not continued," said VCI President Markus Steilemann, who also serves as chief executive for Covestro 1COVG.DE.

VCI said orders were scarce in 2024, leading to production facilities not operating at full capacity. "As a result, some facilities have been permanently closed in recent months. Further shutdowns are likely to follow," it added.

Germany is lagging behind other countries due to high production costs and increasing bureaucracy, VCI said, adding that the current economic situation was prompting members to reduce their budgets in Germany and increase investments abroad.

($1 = 0.9553 euros)

(Reporting by Chiara Holzhaeuser and Ozan Ergenay, Editing by Friederike Heine)

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Nov 12 (Reuters) - BASF India Ltd BASF.NS:

• Q2 PROFIT 1.28 BILLION RUPEES

• Q2 SALE OF PRODUCTS 42.11 BILLION RUPEES

Source text: [ID:]

Further company coverage: BASF.NS

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** Shares of chemicals maker BASF India BASF.NS up 16.7% to 6,740.65 rupees

** Stock set for best day since early August 2021

** June-quarter profit rose 95.6% YoY to 2.21 bln rupees ($26.3 mln)

** BASF's German parent reported a marginal 0.6% rise in Q2 adjusted earnings last month

** Trade vol at more than 345,000 shares, highest since mid-May

** Rival Deepak Fertilisers and Petrochemicals' DPFE.NS profit also surged, SRF's SRFL.NS profit dropped

** BASF up 2.2X YTD, DPFE and SRF up ~46% and ~4% respectively

($1 = 83.9444 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

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July 18 (Reuters) - BASF India Ltd BASF.NS:

• BASF INDIA LTD- TO SELL ITS FLOCCULANTS BUSINESS GLOBALLY FOR MINING APPLICATIONS TO SOLENIS

Source text for Eikon: ID:nBSE9wcDlh

Further company coverage: BASF.NS

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** Shares of BASF India BASF.NS up 10.9% to a record 4,544.9 rupees

** Stock set for best day since Aug 5, 2021

** Chemicals maker's Q4 profit climbed 96.6% YoY

** Peers Coromandel International CORF.NS and SRF SRFL.NS posted March-quarter profit drops

** YTD, BASF up 46.4%; CORF and SRF down 1.6% and 8.8%, respectively

(Reporting by Varun Vyas in Bengaluru)

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April 2 (Reuters) - BASF India Ltd BASF.NS:

• ENTERED INTO A 25-YEAR LONG-TERM POWER PURCHASE AGREEMENT WITH CLEAN RENEWABLE ENERGY KK 2C

• AGREEMENT FOR PROCUREMENT OF 2.7 MW OF RENEWABLE POWER FOR MANUFACTURING SITE AT MANGALORE

• CO WILL HOLD 26% SHARE CAPITAL OF CLEAN RENEWABLE ENERGY KK 2C FOR AN AMOUNT NOT EXCEEDING 15 MILLION RUPEES

Further company coverage: BASF.NS

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** Shares of adhesive maker Pidilite Industries PIDI.NS up 2.8%; brokerage Kotak upbeat on FY25 growth prospects

** Reiterates "Add" rating, raises fair value to 3,075 rupees from 2,825 rupees earlier

** FV among street highs - at 7% premium on last close, 11% higher than analysts' avg of 2,764 rupees, per LSEG data

** In FY25, real estate upcycle can accelerate growth for PIDI's core adhesives biz which accounts for its 45%-50% sales - Kotak

** Says PIDI's profitability is placed well after taking price cuts and doubling promotional and advertising spends

** Adds urban shift towards organised construction and rising spends on home decor augur well for co

** Stock has gained ~17% in current fiscal, peer BASF BASF.NS up ~42% while SRF SRFL.NS rose ~1%, per last close

(Reporting by Manvi Pant in Bengaluru)

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Feb 12 (Reuters) - BASF India Ltd BASF.NS:

• BASF INDIA DEC-QUARTER PROFIT 1.4 BILLION RUPEES VERSUS PROFIT 106.4 MILLION RUPEES

• BASF INDIA DEC-QUARTER SALE OF PRODUCTS 32.84 BILLION RUPEES VERSUS 28.60 BILLION RUPEES

Source text for Eikon: ID:nBSE2hDlld

Further company coverage: BASF.NS

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Jan 3 (Reuters) - BASF India Ltd BASF.NS:

• DEPUTY COMMISSIONER OF STATE TAX, MUMBAI DROPPED PROPOSED DEMAND RELATING TO TRANSITIONAL CREDIT

• DEMAND OF 2.83 BILLION RUPEES NOW REDUCED TO 142.1 MILLION RUPEES

Further company coverage: BASF.NS

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** Indian fertilizer and agro-chemicals companies will likely face challenges for two more quarters on destocking by customers, Kotak Institutional Equities analysts said

** Add volume growth will remain under pressure until (and including) Q1 calendar year 2024 on a yoy basis due to destocking

** Outlook for the winter-sown crop season is somewhat challenging in India, especially in the south, due to lower water levels - brokerage

** Says recovery after Q1 CY2024 is seen only as modest, and the recent softness in corn prices is a worry in terms of end-demand for CY2024

** Ten out of 20 companies in Kotak's coverage universe, including Best Agrolife BESA.NS, Bharat Rasayan BRSN.NS, Coromandel CORF.NS, India Pesticides IDIP.NS, Meghmani Organics MEGH.NS, Sumitomo SUMH.NS and UPL UPLL.NS posted fall in core earnings and revenue in Q2 vs year ago

** Two cos, Astec LifeSciences ASTE.NS and Sharda Cropchem SHCR.NS, reported losses from yr ago profit

(Reporting by Nallur Sethuraman in Bengaluru)

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BENGALURU, Nov 9 (Reuters) - Chemicals maker BASF India BASF.NS on Thursday reported a jump in second-quarter profit after five-straight quarters of a fall, helped by easing input costs, sending its shares up about 9%.

The Indian arm of Germany's BASF BASFn.DE said its profit rose to 1.49 billion rupees ($17.90 million) in the quarter ended Sept. 30 from 1.13 billion rupees a year earlier.

Weak global demand due to inventory destocking and lower rates of Chinese supplies have hurt chemicals makers.

Last month, peer SRF SRFL.NS reported a fall in profit for the third consecutive quarter, as its mainstay chemicals business and packaging film businesses remained under pressure.

Meanwhile, revenue from BASF India's main materials business, which formed more than 28% of the quarterly revenue, rose 5.3% to 10.49 billion rupees.

The segment's portfolio includes specialised goods for the plastics and plastic processing industries.

Cost of materials, which forms almost a third of the total expenses of Mumbai-based BASF India, fell 14.5%, a first in 11 quarters

Total revenue rose to 37.07 billion rupees from 35.82 billion rupees a year ago, first growth in four quarters.

Shares of BASF India closed 6.9% up after the results.

($1 = 83.2520 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru; Editing by Subhranshu Sahu and Shinjini Ganguli)

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Oct 5 (Reuters) - BASF India Ltd BASF.NS:

• BASF INDIA LTD - UPDATE ON COMPANY'S CENTRAL SALES TAX CASE IN STATE OF KARNATAKA

• BASF INDIA LTD - SUPREME COURT DISMISSED SPECIAL LEAVE PETITION FILED BY COMMERCIAL TAX DEPARTMENT, KARNATAKA

Source text for Eikon: ID:nBSE1wJznD

Further company coverage: BASF.NS

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July 24 (Reuters) - BASF India Ltd BASF.NS:

• JUNE-QUARTER PROFIT 1.13 BILLION RUPEES VERSUS PROFIT 1.97 BILLION RUPEES

• JUNE-QUARTER SALE OF PRODUCTS 33.43 BILLION RUPEES VERSUS 38.58 BILLION RUPEES

Source text for Eikon: ID:nNSEn4jsT

Further company coverage: BASF.NS

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July 20 (Reuters) - BASF India Ltd BASF.NS:

• UPDATE ON ADVANCE PRICING AGREEMENT WITH CENTRAL BOARD OF DIRECT TAXES FOR PERIOD FY 2011-12 TO FY 2019-20

• CBDT HAS SUBSTANTIALLY ACCEPTED CO'S POSITION OF CSA CHARGES BEING AT ARM'S LENGTH

• APA SIGNED BETWEEN CO, CBDT LEADING TO SETTLEMENT OF OUTSTANDING LITIGATIONS IN RESPECT OF CSA CHARGES

Source text for Eikon: ID:nNSE6vfQTD

Further company coverage: BASF.NS

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BENGALURU, May 10 (Reuters) - Chemicals maker BASF India Ltd BASF.NS reported a 45% fall in its profit for the quarter ended March 31 on Wednesday, hurt by weak sales and a surge in input costs.

The Indian arm of Germany's BASF BASFn.DE said its profit slipped to 823.9 million rupees ($10.07 million) in the quarter, from 1.5 billion rupees a year earlier.

The Mumbai-based company's sales fell to 32.5 billion rupees from 33.59 billion rupees a year ago. Its sales have been steadily declining since the start of the fiscal year 2022-23, dragging its profit to millions in the previous quarter from billions, the first time in seven quarters.

Revenue from the company's main division, the materials business, slipped to 9.78 billion rupees, from 10.13 billion rupees year ago. Its cost of materials spiked by nearly 20% year on year.

The segment's portfolio includes specialised goods for the plastics and plastic processing industries, and innovative materials.

BASF's chemicals segment, which consists of the petrochemicals and intermediates products, dropped about 21% year on year.

Shares of BASF India fell nearly 6% after its quarterly results.

($1 = 81.7800 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru; editing by Eileen Soreng)

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