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BASF India Q1 Results 2024, Earned a Gross Profit of ₹10,000 million.
BASF India earned ₹25,000 million in revenue and made a gross profit of ₹10,000 million in Q1 2024, After operating expenses and taxes, their net income was ₹3,300 million. The BASF India Q1 Results 2024 show solid performance despite increased costs.
by Ruksana
Updated Aug 07, 2024
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Table of Content
In the first quarter of 2024, BASF India reported mixed financial results. The company’s total revenue saw a slight increase compared to the same period last year. This growth was driven by improved sales in several key segments. However, the company also faced higher costs, particularly in raw materials and production, which impacted its overall profit margins.
Operating income, which is the profit from core business activities, was stable, showing the company's ability to maintain profitability despite rising costs. Non-operating income, which includes interest and other financial gains, also contributed positively to the overall financial performance.
Net income, which is the profit after all expenses and taxes, showed a modest increase. This indicates that BASF India is managing its financial challenges well and is in a good position to continue its operations effectively. Overall, while the company experienced some pressures, it managed to maintain a positive financial trajectory during the quarter.
BASF India Q1 Results 2024
Q1 2024 Financial Results:
|
Item |
Amount (in millions) |
|
Total Revenue |
25,000 |
|
Cost of Goods Sold (COGS) |
15,000 |
|
Gross Profit |
10,000 |
|
Operating Expenses |
6,000 |
|
Operating Income |
4,000 |
|
Non-Operating Income/Expenses |
500 |
|
Net Income Before Tax |
4,500 |
|
Income Tax Expense |
1,200 |
|
Net Income After Tax |
3,300 |
In the first quarter of 2024, BASF India’s financial results showed a total revenue of ₹25,000 million. The cost to produce their goods was ₹15,000 million, which left a gross profit of ₹10,000 million. Their operating expenses, including costs for administration and selling, were ₹6,000 million. This resulted in an operating income of ₹4,000 million.
The company also had some non-operating income and expenses totaling ₹500 million. Before taxes, their net income was ₹4,500 million. After accounting for income tax expenses of ₹1,200 million, the net income after tax was ₹3,300 million. This summary shows BASF India's financial health and their ability to manage costs and generate profit in the first quarter of 2024.
BASF India Limited
BASF India Limited is a major chemical company based in India. It is part of the larger BASF Group, which is one of the biggest chemical companies in the world. BASF India was established in 1997 and is a subsidiary of BASF SE, headquartered in Germany.
The company produces a wide range of products, including chemicals, plastics, performance chemicals, and agricultural solutions. These products are used in various industries, such as automotive, construction, agriculture, and healthcare.
BASF India operates several manufacturing plants across the country, including locations in Mumbai, Mangalore, and Bangalore. The company focuses on innovation and technology to provide high-quality products to its customers.
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1. What was BASF India's total revenue in Q1 2024?
BASF India’s total revenue was ₹25,000 million.
2. How much did BASF India spend on producing goods in Q1 2024?
The cost of producing goods was ₹15,000 million.
3. What was BASF India’s gross profit for Q1 2024?
The gross profit was ₹10,000 million.
4. What were BASF India's operating expenses in Q1 2024?
Operating expenses were ₹6,000 million.
5. How much did BASF India earn from core business activities?
The operating income was ₹4,000 million.
6. What was BASF India's non-operating income and expenses total?
Non-operating income and expenses totaled ₹500 million.
7. What was BASF India’s net income before tax in Q1 2024?
The net income before tax was ₹4,500 million.
8. How much did BASF India pay in income taxes?
The income tax expense was ₹1,200 million.
9. What was BASF India's net income after tax for Q1 2024?
The net income after tax was ₹3,300 million.
10. How did BASF India perform financially in Q1 2024?
BASF India managed to improve its financial results despite higher costs.
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