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BASF India Q4FY17 net profit declines 46% yoy

BASF India Q4FY17
Consolidated Results Q4FY17: (Rs. in crore)
Q4FY17     YoY (%)
Revenue     1,275     10.7
EDITDA     122     [3.7] EBITDA Margin (%)     9.6     [137] Net Profit (adjusted)     43     [46] BASF India consolidated revenue for the quarter came in at Rs. 1275 crore, registering 10.7% yoy increase. This was primarily driven increase in revenue from agriculture solution and performance products by 15.2% and 12.6% yoy respectively.

EBITDA for the quarter fell by 3.7% yoy to Rs. 122 crore with a corresponding margin contraction of 137 bps. EBITDA margin for the quarter stood at 9.6%. This margin contraction was aided by increase in raw material cost by 36.7% yoy.

The PAT for the quarter came in at Rs. 43 crore, yoy decline of 46%.

Looking at the full year numbers, we see that revenue jumped by 7% to reach Rs.5084.7 crore while EBITDA rose by 155% to 269.7 crore. Company reported net loss of Rs.14.1 crore, down 53% yoy.

The directors have recommended a dividend of Rs.1 per equity share of Rs.10 each.

Technical View:

BASF India Ltd is currently trading at Rs. 1364.65, up by 39.3 points or 2.97% from its previous closing of Rs. 1325.35 on the BSE.
The scrip opened at Rs. 1338.2 and has touched a high and low of Rs. 1377.45 and Rs. 1305.4 respectively. So far 111791(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.