BASF India Limited has reported net sales of Rs.459.17 crores (previous period Rs.326.45 crores) an increase of 41% for the nine months ended 31st December 2001 over the corresponding period of the previous year. The profit before tax for the nine months period ended 31st December 2001 went up by 21% and profit after tax of Rs.30.92 crores (previous period Rs.19.24 crores) increased by 61%.

For the quarter ended 31st December 2001, net sales of Rs.143.85 crores (previous quarter Rs.105.59 crores) increased by 36% over the corresponding quarter of previous year. Profit after tax for the quarter ended 31st December 2001 increased by 35%.The current quarter results include the sales from erstwhile Cyanamid Agro Limited consequent to its amalgamation with BASF India Limited w.e.f. 1st April 2001.

BASF is one of the largest transnational chemical companies in the world, which aims to increase and sustain its corporate value through growth and innovation. The company's product range includes high-value chemicals, plastics, colorants and pigments, dispersions, automotive and industrial coatings, agricultural products & nutrition as well as crude oil and natural gas. BASF's approach to integration, known in German as "Verbund," is one of its particular strengths, ensuring cost leadership and a unique competitive advantage.

BASF's association in India started way back in 1943, when it acquired shares of R. A. Cole Private Limited. The name of this company was changed to Indoplast Limited in January 1963 and thereafter to BASF India Limited in September 1967.

BASF India Limited is a public limited company with majority of its equity being held by BASF AG, Germany and its Group Company. The company is engaged in the business of manufacturing & marketing of Styropor®, tanning agents, dyes, leather chemicals & auxiliaries, crop protection products & nutrition, textile chemicals, dispersions & speciality chemicals. It is also involved in the marketing of chemicals and rendering of technical services to various industries.

Company Secretary
18th January, 2002

Detailed unaudited financial results