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BASF India Q1 net loss widens to Rs 29.15 cr, revenue up at Rs 1,769.7 cr

Net revenue rose to Rs 1,769.7 crore in April-June quarter of fiscal year 2020-21 from Rs 1,613.7 crore in the corresponding quarter a year ago

The Adani partnership will also evaluate co-investment in a wind and solar park, plans for which are at an advanced stage. The power generated from this would be used in the chemical complex
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Shares of BASF India on Thursday settled 5.50 per cent lower at Rs 1,337.20 apiece on the BSE.

Press Trust of India New Delhi
BASF India on Thursday reported widening of its net loss to Rs 29.15 crore in the first quarter of current fiscal due to higher expenses.

The company had posted a net loss of Rs 8.2 crore in the same quarter of previous fiscal, it said in a regulatory filing.

Net revenue rose to Rs 1,769.7 crore in April-June quarter of fiscal year 2020-21 from Rs 1,613.7 crore in the corresponding quarter a year ago.

Expenses increased to Rs 1,809.4 crore in the quarter under review from Rs 1,601.6 crore in the year-ago period.

The company said its operations were impacted