BASF

Feb 13 (Reuters) - Chemicals maker BASF India BASF.NS reported a 1.5% rise in third-quarter profit on Friday, helped by modest demand for specialty chemicals.

Germany's BASF BASFn.DE India unit said its profit rose to 1.05 billion rupees ($11.6 million) from 1.04 billion rupees a year earlier.

The company posted a 6.8% increase in sales.

Revenue from its materials segment — which includes the performance materials and monomers businesses — edged up 0.88%, while sales in its agricultural solutions unit, which sells fungicides such as Priaxor and Merivon, fell 11.7%.

For further highlights, click (Full Story)

KEY CONTEXT

The Indian specialty chemicals sector is poised for modest demand growth in the reported quarter, according to analysts.

Despite lingering global headwinds and continued inventory destocking in end‑use segments such as agrochemicals and pharmaceuticals, companies in the chemicals sector are still expected to post low-single‑digit revenue growth.

Growth is supported mainly by steady domestic consumption and a slow recovery in select export markets.

This stability is being driven by sustained volumes in high‑margin product categories and incremental boosts from new capacity additions.

PEER COMPARISON

* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

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

OCTOBER-DECEMBER PERFORMANCE

-- All data from LSEG

-- $1 = 90.7160 Indian rupees

(Reporting by Yagnoseni Das in Bengaluru; Editing by Harikrishnan Nair)

(([email protected];))

Adds investment details related to VAROPreem, Black Sea Oil & Gas and MOEVE

Feb 2 (Reuters) - Carlyle Group CG.O has agreed to an initial deal to acquire most of Russian oil producer Lukoil's LKOH.MM foreign assets, initially valued at $22 billion by analysts.

Neither Lukoil nor Carlyle disclosed a price for the sale, which still requires approval from the Office of Foreign Assets Control, the U.S. agency that administers sanctions. The U.S. Treasury had given Lukoil until February 28 to divest its global portfolio.

Carlyle has begun exploratory talks with UAE investors to bring in partners should its agreement with Lukoil proceed, sources told Reuters.

The proposed Lukoil purchase marks the latest expansion of Carlyle's energy holdings, which already include stakes in U.S. proved developed producing (PDP) oil and gas assets, midstream infrastructure, and renewable energy platforms.

Below is a summary of Carlyle's key energy assets and deals, highlighting its footprint across fossil fuels and clean energy:

• Lukoil international assets (pending) – Carlyle has agreed an initial deal to acquire most of Lukoil's international portfolio, including oilfields, refineries and fuel stations, but not its Kazakh assets. The deal remains subject to OFAC clearance and other regulatory approvals.

• VAROPreem (2025) - Varo Energy, backed by Carlyle and the world's trading house Vitol, last year agreed to buy Swedish refiner Preem , betting on growing demand for biofuels. VARO Energy was acquired by Carlyle in 2012 alongside Vitol and operates downstream energy and refining assets across Europe.

• U.S. PDP oil and gas partnership (2025) - Carlyle, via its Asset-Backed Finance unit, has committed up to $2 billion with Diversified Energy to invest in existing proven developed producing U.S. oil and gas assets, focusing on long-life, cash-generating fields. Carlyle ABF has deployed nearly $8 billion since 2021.

• Revera Energy (2025) – Carlyle launched Revera Energy, an independent energy infrastructure solutions platform. In Australia, Revera's portfolio includes a 250 MW/700 MWh battery storage system under construction. It has a pipeline of more than 750 MW of additional battery storage, 2.3 GW of solar, 1.4 GW of wind, and a 1 GW green hydrogen project. In the UK, Revera is advancing 1.2 GW of late-stage battery storage projects.

• Amp Energy transition investment (2021)– Carlyle has committed about $374 million to Amp Energy's global renewable platform, which has developed renewable generation capacity and is advancing additional projects and battery storage in late-stage development or construction worldwide.

• SierraCol (2020) - Carlyle set up SierraCol in 2020 after buying assets from Occidental Petroleum OXY.N and its production of 45,000 barrels of oil equivalent per day make it the largest independent producer in Colombia. In 2025, Carlyle was seeking a buyer for SierraCol for around $1.5 billion.

• MOEVE (formerly Cepsa, 2019) - Carlyle acquired a 37% stake in the Spain-based energy company, with Abu Dhabi's Mubadala remaining as majority shareholder. MOEVE operates a large, integrated energy platform spanning refining, fuels, chemicals and energy transition businesses across Europe and other international markets.

• Black Sea Oil & Gas (2015) – Carlyle acquired the Romania-based company in 2015. Black Sea Oil & Gas is an independent offshore producer focused on developing and operating natural gas resources in the Black Sea.

(Reporting by Arunima Kumar in Bengaluru; Editing by Anousha Sakoui and Arun Koyyur)

(([email protected];))

Jan 29 (Reuters) - Carlyle Group CG.O is poised to acquire most of Russian oil producer Lukoil's LKOH.MM foreign assets, initially valued at $22 billion by analysts.

Neither Lukoil nor Carlyle disclosed a price for the sale, which still requires approval from the Office of Foreign Assets Control, the U.S. agency that administers sanctions. The U.S. Treasury had given Lukoil until February 28 to divest its global portfolio.

The planned Lukoil purchase marks the latest expansion of Carlyle's energy holdings, which already include stakes in U.S. proved developed producing (PDP) oil and gas assets, midstream infrastructure, and renewable energy platforms.

Below is a summary of Carlyle's key energy assets and deals, highlighting its footprint across fossil fuels and clean energy:

Lukoil international assets (pending) – Carlyle has agreed to acquire most of Lukoil's international portfolio, including oilfields, refineries and fuel station.

The deal remains subject to OFAC clearance and other regulatory approvals.

BASF Coatings business (2025) – Carlyle, alongside Qatar Investment Authority, struck a deal to buy a majority stake in BASF's BASFn.DE coatings business, valuing the unit at 7.7 billion euros ($9.21 billion).

U.S. PDP oil and gas partnership (2025) - Carlyle, via its Asset-Backed Finance unit, has committed up to $2 billion with Diversified Energy to invest in existing proven developed producing U.S. oil and gas assets, focusing on long-life, cash-generating fields.

Carlyle ABF has deployed nearly $8 billion since 2021.

Revera Energy (2025) – Carlyle launched Revera Energy, an independent energy infrastructure solutions platform.

In Australia, Revera's portfolio includes a 250 MW/700 MWh battery storage system under construction. It has a pipeline of more than 750 MW of additional battery storage, 2.3 GW of solar, 1.4 GW of wind, and a 1 GW green hydrogen project.

In the UK, Revera is advancing 1.2 GW of late-stage battery storage projects.

Amp Energy transition investment (2021)– Carlyle has committed about $374 million to Amp Energy's global renewable platform, which has developed renewable generation capacity and is advancing additional projects and battery storage in late-stage development or construction worldwide.

SierraCol (2020) - Carlyle set up SierraCol in 2020 after buying assets from Occidental Petroleum OXY.N and its production of 45,000 barrels of oil equivalent per day make it the largest independent producer in Colombia. In 2025, Carlyle was seeking a buyer for SierraCol for around $1.5 billion.

NGP Energy Capital Management stake – Carlyle holds a significant ownership interest in NGP, a North American natural resources investment firm managing $25 billion in upstream and midstream energy assets. In 2012, Carlyle acquired a 47.5% revenue interest in NGP.

(Reporting by Arunima Kumar in Bengaluru; Editing by Arun Koyyur)

(([email protected];))

Nov 14 (Reuters) - BASF India Ltd BASF.NS:

• BASF INDIA Q2 PROFIT 1.01 BILLION RUPEES

• BASF INDIA Q2 SALE OF PRODUCTS 38.68 BILLION RUPEES

Further company coverage: BASF.NS

(([email protected];))

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

(([email protected];;))

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.

For further highlights, click (Full Story)

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)

(([email protected];))

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

(([email protected];))

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

(([email protected];))

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)

(([email protected];))

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

(([email protected];;))

** 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)

(([email protected]))

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

(([email protected];))

BENGALURU, May 14 (Reuters) - Chemicals maker BASF India BASF.NS on Tuesday posted a fourth-quarter profit that nearly doubled, helped by strong demand for its materials and agriculture solution businesses.

Profit rose 96% year-on-year to 1.62 billion rupees ($19.4 million) for the three months ended March 31 from 823.9 billion rupees a year earlier.

Revenue from operations rose 2.5% to 33.60 billion rupees.

The materials segment of BASF India, which comprises of its performance materials & monomers businesses used in segments like transportation, appliances and footwear reported a 13.3% rise in quarterly revenue while the agriculture solution segment, which includes insecticides, herbicides, fungicides among others grew 12.4%.

This helped offset the 11.2% and 1.7% fall in quarterly revenue of the nutrition & care and industrial solutions segments respectively.

The Indian arm of Germany's BASF BASFn.DE posted its third straight quarterly profit at a time when most other chemical companies are still grappling with high inventory and destocking for the past few quarters.

Earlier this month, peer chemicals and polymers maker SRF SRFL.NS posted a drop in profit for the fifth quarter in a row as its chemical business, which consists of specialty chemicals, fluorochemicals, and agrochemicals among others continued to face weak demand.

BASF India also declared a dividend of 15 rupees per share for the fiscal 2024. Share of the company rose as much as 14.5% after the results to hit a record high of 4,690.75 rupees.

($1 = 83.5080 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected]; +91 7982114624;))

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

(([email protected];))

** 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)

(([email protected]; +918447554364;))

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

• BASF INDIA LTD - APPROVED TRANSFER OF CO'S COATINGS BUSINESS TO BASF INDIA COATINGS FOR 1.82 BILLION RUPEES

Source text for Eikon: ID:nNSE7tf08t

Further company coverage: BASF.NS

(([email protected];))

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

(([email protected];))

** 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)

(([email protected]; (+91 8061822737); Reuters Messaging: [email protected]))

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)

(([email protected]; +91 7982114624;))

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

(([email protected];))

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

(([email protected];))

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

(([email protected];))

** Shares of BASF India Ltd BASF.NS fall as much as 5.9% to 2,282.3 rupees, biggest intraday pct. loss since Jan. 31

** Chemical manufacturer's March-qtr profit falls 45% to 823.9 mln rupees ($10.07 mln), hurt by lower revenue in its chemicals segment

** Co's sale of products falls 3.3% to 32.5 bln rupees

** Trading volume at ~61,800 shares as of 2:50 p.m. IST, 5x the 30-day avg

** Up to last close, stock down 14% so far this year

($1 = 81.7800 Indian rupees)

(Reporting by Biplob Kumar Das in Bengaluru)

(([email protected]))