The shares of the Specialty Chemicals manufacturer gained up to 15 percent after the company’s net profit and revenue increased by 97 percent and 2.5 percent YoY, respectively in the fourth quarter.
With a market capitalization of Rs 20,094.28 crore, the shares of BASF India Ltd closed at Rs 4,586 apiece, increasing around 13 percent as compared to the previous closing price of Rs 4,094.95 per share.
Looking into the company’s performance, BASF India Ltd’s revenue increased by 1 percent on a quarter-on-quarter basis from Rs. 3,326 crore in Q3FY24 to Rs. 3,360 crore in Q4FY24. Further, revenue increased by 2.5 percent year on year, from Rs. 3,277 crore in Q4FY23 to Rs. 3,360 crore in Q4FY24.
BASF India Ltd’s net profit increased by 15 percent on a quarter-on-quarter basis, from Rs. 140 crore in Q3FY24 to Rs. 162 crore in Q4FY24. Further, net profit increased by 97 percent year on year from Rs. 82 crore in Q4FY23 to Rs. 162 crore in Q4FY24.
The company’s profitability measures show a decline in return on equity (RoE) from 25.46 percent in FY 21-22 to 14.91 percent in FY 22-23, while, during the same period return on capital employed (RoCE) decreased from 30.89 percent to 18.99 percent. In contrast, the net profit margin (NPM) was 2.95 percent in fiscal year 22-23.
In the company’s recent shareholding pattern, promoters own 73.33 percent while Retail shareholders own a 15.87 percent stake in the company and domestic Institutional Investors own a 6.67 percent stake.
BASF India Limited is an India-based company, which is primarily engaged in the manufacturing and selling of chemicals and chemical products. The Company operates through six segments: Agricultural Solutions, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Chemicals.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
