BASF India shares fell over 13% on November 12, 2024, following a significant 42% year-on-year drop in net profit for Q2 FY25. The company's revenue increased to ₹4,247.7 crore from ₹3,966.9 crore YoY, yet net profit declined to ₹127.9 crore from ₹220.5 crore last year.
Despite a quarter-on-quarter revenue rise from ₹3,966.9 crore in Q1 FY25, profit margins faced pressure, with net profit slightly down from ₹220.5 crore in the previous quarter. As of 2:31 pm, BASF India shares were trading 11.47% lower at ₹6,964.05 on the NSE.
This sharp decline in share price reflects investor concerns over profit sustainability amid rising revenues, indicating potential challenges ahead for the company.