Shares of BASF India in trade on May 9, 2022 settled over 8% higher at Rs. 2808.55 apiece on the NSE. On the BSE, the shares settled at Rs. 2818.05 per share. At day's high, the stock scaled to a price of 2869, a gain of close to 11 percent.
The stellar gains in the stock despite weak market sentiments are on the back of healthy Q4 results. The company's total income from operations during the Q4 period of Fy22 stood at Rs. 3389.56 crore as against Rs. 2805.5 crore in the same period last year. Tax outgo at the firm plunged sharply by 69% YoY to Rs 28.66 crore during the period under review.
Net profit for the period also increased 2.68 times to Rs. 149.85 crore as against Rs. 55.81 crore during the same period last year. In the December quarter, the company's net profit was placed at Rs. 110.37 crore.
BASF India Limited is into providing chemicals, plastics, performance products and crop protection products. The Company's segments include Agricultural Solution, Performance Products, Chemicals, Functional Materials & Solutions, and others.
BASF final dividend announcement for Fy22
"The Board of Directors of the Company at their meeting held today i.e. 9 th May 2022 have recommended final dividend of Rs. 6/- per equity share i.e., 60% for the financial year ended 31st March 2022, subject to the approval of the shareholders at the forthcoming Annual General Meeting of the Company to be held on 3rd August 2022. The Dividend, if approved, by the Shareholders will be payable on or after 8 th August 2022", said the company's filing pertaining to the dividend.