Wednesday, April 16, 2008

BASF net up 20.16% in Mar`08 qtr

BASF India announced a good increase in standalone net profit for the quarter ended March 2008. During the quarter, the profit of the company rose 20.16% to Rs 44.10 million from Rs 36.70 million in the same quarter last year. The company posted earnings of Rs 1.56 a share during the quarter, registering 20.00% growth over prior year year period.

Net sales for the quarter rose 20.32% to Rs 1,933.60 million, while total income for the quarter rose 20.35% to Rs 1,944.60 million, when compared with the prior year period.

During the quarter the company reported a fall in operating margin by 7.80 basis points to 5.07% on higher production cost. On the other hand, there has been decreased of 35.00% in interest charge to Rs 2.60 million and increased of 38.22% in depreciation charge to Rs 35.80 million over previous year period.

The company, a subsidiary of Germany-based BASF (Q, N,C,F)* Aktiengesellschaft, manufactures and markets agrochemicals, industrial performance products, plastics and fibers. It operates in four segments - agricultural products and nutrition includes agrochemicals like pesticides and herbicides; performance products includes tanning agents, leather chemicals, textile chemicals, dispersions and specialty chemicals; plastics and fibers includes expandable polystyrene, engineering plastics and polyurethane business; chemicals includes inorganic chemicals, intermediates and petrochemicals; others include technical fees and research and development projects.

Shares of the company were last trading up Rs 6.75, or 3.31% at Rs 210.5. The total volume of shares traded at the BSE was 62,853. (1.09 p.m, Wednesday).


Indian Stock Markets said...

Dear Friend,

This Blog is really good and informative. We are pleased to know this blog is really helping people. Its our pleasure to post
Informative content on this useful blog created by webmaster.

Entering the stock trading industry can be described as entering a war zone. Without the proper tools, scouting devices, ammunition and strategy, your chances of success are small.

Lot of people finds it difficult to survive in the stock market. In fact 90% of the traders FAIL to make money from the stock market.

So if you’re searching for a way to make yourself much more wealthier, then here’s your chance to act now!

After dominating the American Stock Market for over 6 years, we’re coming to Indian Stock Market.

Get 89.3% accurate stock recommendations in any market condition with exact entry price, exit price and stop loss every single day on your email & mobile.

No hype...No sales pitch. Check out our track record and book your spot for *30 days* trial:

And here’s our very special 2008 launch celebration offer:
1. 20% discount on the subscription fees
2. 20 times your money guarantee
3. 30 days risk free trial offer

This special offer is valid only for 72 hours after the launch. So if you're interested then please *DO NOT* miss out this extra-ordinary offer because it will not be extended and will never be repeated again.

Click on the link given below to book your spot in advance:

You could waste months (and thousands of dollars) - trying to figure out what really works in the stock market. Or you could save yourself the frustration, time and mistakes by following the sure-shot stock recommendations in order to compete with those 10% people who consistently make money from the stock market.

Indian Stock Markets said...

This Blog is really good and educational. We are pleased to know this blog is really helping people.