BASF India Q1 FY27 Results (NSE: BASF)
Signal: Margin expansion
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹4,824.26 Cr | 28.9% | 40.0% |
| EBIT | ₹485.45 Cr | 137.1% | |
| Net profit | ₹360.29 Cr | 162.2% | |
| EPS | ₹83.3 | 162.8% | |
| EBIT margin | 10.9% |
P&L walk
Revenue rose 28.9% YoY to ₹48,242.6 million, with broad-based growth led by Materials and Industrial Solutions. Gross margin expanded 290bps to 21.6% on lower raw material intensity. EBITDA margin surged 444bps to 10.9% as employee costs fell 4.1% and other expenses grew only 19.1% vs revenue +28.9% — strong operating leverage. Depreciation grew modestly (9.6%). Finance costs remain low. Other income was stable. An exceptional gain of ₹181.5 million from sale of coatings subsidiary boosted PAT; excluding one-off, profit from continuing operations was ₹3,178.1 million (up 116.6% YoY). EPS of ₹83.3 tracks profit growth.
Segments
Materials segment led the turnaround, swinging from a loss of ₹1,162 mn in Q1FY26 to a profit of ₹2,126.9 mn, while Industrial Solutions also improved sharply (PBIT +336% YoY). Agricultural Solutions revenue fell 17.8% YoY and PBIT declined 53.1%, reflecting seasonal weakness. The exceptional gain from sale of coatings subsidiary (₹181.5 mn) is recorded in discontinued operations, boosting overall net profit.
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