BASF India Limited Earnings Summary — Q1 FY2027
BASF India Delivers Robust Q1 Revenue Growth Driven by Volume Gains and Exceptional Gain on Coatings Divestment
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue grew 40.1% sequentially in Q1 FY2027.
- Revenue of ₹4,824 Cr is 24.5% higher year-on-year.
- Revenue has compounded at 17.4% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹360 Cr is 162.2% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 42.9% annualised across the period.
- Operating margin stands at 10.5% in Q1 FY2027.
- Operating margin expanded by 494 bps year-on-year.
- Over the last two years operating margin has expanded by 258 bps.
- PBT margin is 10.2%.
- Expense growth of 18.0% remained below revenue growth of 24.5%.
- Operating profit of ₹504 Cr is 135.8% higher year-on-year.
- Operating leverage continues to improve.
- 3 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 78/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 4,824 | 3,444 | 3,863 | 3,896 | 3,875 | 3,287 | 3,635 | 4,248 | 3,967 | 3,360 |
| Expenses | Improving | 4,320 | 3,333 | 3,693 | 3,741 | 3,661 | 3,237 | 3,465 | 4,047 | 3,654 | 3,114 |
| Operating Profit | Volatile | 504 | 111 | 170 | 155 | 214 | 50 | 170 | 201 | 312 | 246 |
| Operating Margin | Volatile | 10.5% | 3.2% | 4.4% | 4.0% | 5.5% | 1.5% | 4.7% | 4.7% | 7.9% | 7.3% |
| Other Income | Volatile | 35 | 17 | 11 | 31 | 19 | 35 | 18 | 18 | 36 | 25 |
| Interest | Volatile | 5 | 2 | 5 | 7 | 5 | 4 | 4 | 3 | 5 | 3 |
| Depreciation | Stable | 41 | 37 | 34 | 37 | 41 | 41 | 45 | 45 | 47 | 48 |
| Profit Before Tax | Volatile | 493 | 90 | 143 | 142 | 188 | 41 | 138 | 171 | 297 | 219 |
| Tax | Volatile | 132 | 21 | 36 | 35 | 50 | 14 | 35 | 43 | 76 | 58 |
| Net Profit | Volatile | 360 | 69 | 107 | 107 | 137 | 27 | 104 | 128 | 221 | 161 |
| Net Margin | Volatile | 7.5% | 2.0% | 2.8% | 2.8% | 3.5% | 0.8% | 2.9% | 3.0% | 5.6% | 4.8% |
Key Takeaways
- Revenue grew significantly by 29% YoY to ₹48.37 billion, primarily driven by strong volume growth across key segments.
- The company successfully completed the divestment of its Coatings business to Carlyle Group on June 30, 2026, realizing an exceptional gain of ₹181.5 million.
- The Agricultural Solutions segment (seasonal) contributed ₹5.57 billion in revenue, showing significant sequential growth from the previous quarter.
- Materials and Industrial Solutions remained the largest contributors to profit, with segment results of ₹2.13 billion and ₹1.25 billion respectively.
- Shareholders approved the Scheme of Arrangement for the demerger of the Agricultural Solutions business on June 24, 2026.
- Net profit saw a massive jump of 146% YoY, reaching ₹3.62 billion, bolstered by the exceptional item and improved operational efficiencies.
- Operating margins improved to nearly 10% from just 5.3% in the same quarter last year.
- Management highlighted systemic risks including feedstock inflation, supply chain disruptions, and rupee depreciation due to prolonged regional conflicts.
Management Guidance
Management did not provide specific numerical guidance but expressed a commitment to expanding manufacturing and R&D footprints in India. They highlighted the setup of two new global hubs in Hyderabad (Digital and Business Services) as transformative steps for the group's global delivery model.
Sentiment Shift
Improving
The transition from a difficult prior year to a high-volume Q1, combined with the successful execution of strategic portfolio measures (Coatings sale and Ag Solutions demerger progress), signals strong execution.
Outlook
The outlook remains cautiously optimistic; while demand fundamentals in India are described as strong, management is closely monitoring global inflationary pressures and potential stagflation risks arising from geopolitical conflicts.
From the Annual Report (Key Quotes)
“The momentum in India is and has been always strong. Nonetheless, we do see now fuel prices going up. So inflation is happening.”
“India is an advanced country for us. It's a key strategic country, and we want to expand our manufacturing and R&D footprint.”
“The transaction between Carlyle and BASF SE was completed on June 30, 2026... BASF India Coatings Private Limited ceases to be a wholly owned subsidiary.”
Official Quarterly Documents
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This summary is AI-generated from BASF India Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.