BASF India Limited, Mumbai - 400 051, India

February 9, 2021

The Market Operations Department BSE Limited, Phiroze Jeejeebhoy Towers Dalal Street, Mumbai 400 001.

Name of the Company : BASF INDIA LIMITED Security Code No. : 500042

Dear Sir/Madam,

Re: Unaudited Financial Results of the Company for the quarter and nine months ended 31st December 2020.

Further to our letter dated 22nd January 2021 on the captioned subject, we enclose herewith the standalone & consolidated Unaudited Financial Results of the Company for the quarter and nine months ended 31st December 2020 along with the signed Limited Review Report, which were approved and taken on record by the Board of Directors of the Company at their meeting held today. The meeting commenced at 12.45 p.m. and concluded at 2.30 p.m. The said results will be published in the newspapers on Thursday, 11 th February 2021.

Please treat the above information as disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended.

Request you to kindly take note of the above and acknowledge receipt of the same.

Thanking You,

Yours faithfully, For BASF India Limited

Pradeep Manjunat h Chandan Digitally signed by Pradeep Manjunath Chandan Date: 2021.02.09 14:36:31 +05'30'

Pradeep Chandan Pankaj Bahl Director – Legal, General Counsel (South Asia) Manager- Company Secretarial & Company Secretary

cc: The National Stock Exchange of India Ltd. Exchange Plaza, Plot No.C/1, G Block Bandra – Kurla Complex Bandra (East), Mumbai – 400 051.

Registered Office BASF India Limited The Capital, 'A' Wing, 1204-C, 12th Floor, Plot No. C-70, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051, India

Tel +91 22 6278 5600

CIN - L33112MH1943FLC003972

www.basf.com/in

PANKAJ R BAHL Digitally signed by PANKAJ R BAHL Date: 2021.02.09 14:35:50 +05'30'

Regd. Office : The Capital, 'A' Wing, 1204-C, 12th Floor, Plot No. C-70, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051, India, Tel: 022-62785600. Statement of Standalone Unaudited Financial Results for the quarter and nine months ended December 31, 2020

Rs. in million

	3 months ended31/12/2020	Preceding 3months ended30/09/2020	Corresponding 3months endedin the previous year31/12/2019	Year to datefigures for currentperiod ended31/12/2020	Year to datefigures for previousperiod ended31/12/2019	Previous yearended 31/03/2020
	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
Revenue from operations (Refer Note 6)
Sale of products	23,922.7	23,677.0	19,766.8	64,987.7	55,699.1	73,847.9
Sale of services	302.0	254.7	337.4	828.5	1,187.1	1,446.4
Other operating revenues	18.8	26.3	39.6	82.3	138.4	216.2
	24,243.5	23,958.0	20,143.8	65,898.5	57,024.6	75,510.5
Other income	48.4	26.1	38.4	94.3	155.8	276.6
Total Income	24,291.9	23,984.1	20,182.2	65,992.8	57,180.4	75,787.1
Expenses:
Cost of materials consumed	5,776.6	6,842.8	5,852.6	17,455.1	21,353.7	26,387.9
Purchase of Stock-in-Trade	14,689.3	10,450.0	10,159.1	35,111.0	25,187.5	37,648.4
Changes in inventories of finished goods,
stock-in-trade and work-in-progress	(1,022.4)	2,425.9	928.9	1,697.8	(82.0)	(2,699.1)
Employee benefit expense	638.5	775.6	875.3	2,370.1	2,729.7	3,608.3
Finance costs (Refer Note 4)	62.5	85.5	206.7	270.4	674.8	834.0
Depreciation and amortisation expense	419.3	430.1	465.2	1,276.8	1,376.2	1,800.6
Other expenses	1,848.1	1,886.7	1,934.8	5,222.1	5,864.5	7,835.9
Total Expenses	22,411.9	22,896.6	20,422.6	63,403.3	57,104.4	75,416.0
Profit / (Loss) before exceptional item and tax	1,880.0	1,087.5	(240.4)	2,589.5	76.0	371.1
Exceptional items (Refer Note 3)	-	4,236.1	(148.8)	4,236.1	(321.6)	(324.6)
Profit / (Loss) before tax	1,880.0	5,323.6	(389.2)	6,825.6	(245.6)	46.5
Tax (credit) / expense: (Refer Note 5)
- Tax (credit) / expense for current period	789.3	1,213.8	(65.4)	1,916.6	(27.0)	(132.3)
- Income tax (credit) / expense for previous periods	-	-	-	-	-	(6.3)
	789.3	1,213.8	(65.4)	1,916.6	(27.0)	(138.6)
Profit / (Loss) for the period	1,090.7	4,109.8	(323.8)	4,909.0	(218.6)	185.1
Other Comprehensive Income
Items that will not be reclassified to profit or loss:
Remeasurement (Loss)/ Gain of post employment benefit plans	(7.7)	(3.5)	(23.7)	(20.4)	(148.1)	(306.9)
Income tax credit/ (expense) relating to these items	2.8	0.8	1.9	5.7	35.2	107.3
Other Comprehensive Income for the period, net of tax	(4.9)	(2.7)	(21.8)	(14.7)	(112.9)	(199.6)
Total Comprehensive Income for the period	1,085.8	4,107.1	(345.6)	4,894.3	(331.5)	(14.5)

Paid-up Equity Share Capital (Face value of Rs. 10/- each)Reserves (excluding Revaluation Reserves) as shown in the Balance Sheet of previous year	432.9	432.9	432.9	432.9	432.9	432.913,427.3
Weighted average number of equity shares outstanding as at period end	43,284,958	43,284,958	43,284,958	43,284,958	43,284,958	43,284,958
Basic and diluted earnings per share after exceptional items (in Rs.) (not annualised)	25.2	94.9	(7.5)	113.4	(5.1)	4.3
Basic and diluted earnings per share before exceptional items (in Rs.) (not annualised)	25.2	19.4	(4.6)	41.1	1.6	9.9
Face value per share (in Rs.)	10.0	10.0	10.0	10.0	10.0	10.0

Notes:

1 The above results for the quarter and nine months ended December 31, 2020 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at its meeting held on February 9, 2021. The above results have been subjected to limited review by the statutory auditors of the Company.

2 Pursuant to the approval from the Board of Directors on July 10, 2020 and shareholders approval vide Annual General Meeting dated August 6, 2020, the Company acquired 100% stake in BASF Performance Polyamides India Private Limited ('BPPIPL') from BASF Nederland B.V. and BASF SE, for a consideration of Rs. 3,029.0 million on August 18, 2020, consequent to which BPPIPL became a wholly owned subsidiary of the Company.

Further, as intimated to Stock exchanges, subsequent to approval by the Board of Directors on August 27, 2020 for the Scheme of Merger by Absorption of BPPIPL with the Company, the National Company Law Tribunal, Mumbai ('NCLT') vide order dated January 6, 2021 sanctioned the aforesaid Scheme, with an appointed date of February 1, 2021. BPPIPL being a wholly owned subsidiary of the Company, no consideration is paid pursuant to the merger. The certified copy of the NCLT Order has been filed with the Registrar of Companies on February 1, 2021. Basis NCLT order, BPPIPL stands merged with the Company on the appointed date.

As the appointed date for this Scheme is after the period end date, this is a non-adjusting event as per Indian Accounting Standard 10 - 'Events after the Reporting Period' and hence the financial effects of this merger are not considered in the standalone financial results for the quarter and period ended December 31, 2020.

Consequently, basis NCLT order and requirement of Appendix C to Ind AS-103, on the appointed date, the net value of assets, liabilities and reserves of BPPIPL amounting to Rs. 171.6 million will be accounted as part of the Company as a common control transaction on the date of global acquisition of Solvay Polyamides business by BASF SE and the financial results of BPPIPL effective February 1, 2020 (common control acquisition date) as summarised in table below would be reflected as part of the Company's financial results.

				Rs. in million
Particulars	3 months ended	Preceding 3	Year to date figures	Previous year
	31/12/2020	months ended	for current period	ended 31/03/2020
		30/09/2020	ended 31/12/2020


Total Income	835.3	644.5	1,657.8	438.9
Total Expenses	749.6	618.2	1,574.7	386.5
Profit / (Loss) for the period	60.8	18.5	59.0	43.5
Total Comprehensive Income for the period	62.1	18.4	60.1	43.1

BPPIPL was into the business of manufacturing/ trading of performance polyamides and has one manufacturing site in Panoli, Gujarat. It has wide range of engineering plastics and serves automobiles, electrical and consumer goods industries.

3 Exceptional items includes following:

						Rs. in million
Particulars	3 months ended	Preceding 3	Corresponding 3	Year to date	Year to date	Previous year
	31/12/2020	months ended	months ended	figures for current	figures for previous	ended 31/03/2020
		30/09/2020	in the previous year	period ended	period ended
			31/12/2019	31/12/2020	31/12/2019
Profit on sale of Construction chemicals business (Refer note (i) below)	-	4,651.9	-	4,651.9	-	-
Loss on divestiture of Optical Brightening Agents (OBA) business (Refer note (ii) below)	-	(138.5)	(148.8)	(138.5)	(258.5)	(261.5)
Impairment of certain assets at Dahej plant (Refer note (iii) below)	-	(277.3)	-	(277.3)	-	-
Compensation towards Voluntary Retirement Scheme for certain permanent workmen at	-	-	-	-	(63.1)	(63.1)
Thane plant
Total	-	4,236.1	(148.8)	4,236.1	(321.6)	(324.6)

(i) As intimated to Stock exchanges, the Company's construction chemicals business (forming part of the Surface Technologies segment) stands transferred to Master Builders Solutions India Private Limited with effect from July 1, 2020. The Company has received net consideration of Rs. 5,951.6 million in advance on June 30, 2020 towards the said divestiture. Certain liabilities were discharged by the Company, which have been reimbursed by Master Builders Solutions India Private Limited.

The Company has recognized net profit of Rs. 4,651.9 million during the quarter ended September 30, 2020 pursuant to the aforesaid divestiture.

(ii) The Company had recognised an amount of Rs. 138.5 million towards consideration on sale of a business (forming part of the Nutrition & Care segment), which was subject to attaining certain pre-conditions. Based on the Company's reassessment, it is unlikely that these pre-conditions would be met. Hence this amount has been provided for during the quarter ended September 30, 2020.

(iii) Considering the macro-economic situation, the Company has recognised an impairment loss of Rs.277.3 million during the quarter ended September 30, 2020 towards decline in the recoverable value of certain plant and machineries pertaining to Performance Materials division which forms part of Materials segment.

4 Finance cost includes interest on income tax, interest and other costs incurred on short and long term borrowings, interest accrued on lease liabilities under Ind AS 116, effects from fair valuation of derivatives relating to financing activities, realised (gain)/ loss on rollover of derivatives relating to financing activities, exchange differences arising from foreign currency borrowings to the extent that they are regarded as an adjustment to interest costs.

5 Tax expense includes provision for current income tax, tax expense for previous periods, minimum alternate tax and deferred tax charge/ (credit) including minimum alternate tax credit (based on estimated average effective annual income tax rate, considering tax allowances).

6 As informed to Stock exchanges on September 10, 2018, the Company has replaced the agency business with merchandise business model effective April 1, 2019. The merchandise business was still ramping-up during the initial period, hence revenue from operations for certain business segments for the quarter and nine months ended December 31, 2020 is not strictly comparable to previous periods to that extent.

7 The Company has received demand notices from the Commercial Tax Department, Karnataka aggregating Rs. 6,699.7 million (including interest and penalty) for the period 2006-07 to 2015-16, by treating the stock transfers of its Mangalore Plant as interstate sales to dealers. However, recovery of these demands have been stalled by the Hon'ble Karnataka Appellate Tribunal.

The Company has also filed a Writ Petition before the Hon'ble Karnataka High Court against the order passed by Hon'ble Central Sales Tax Appellate Authority (CSTAA).

Further, the Company has received proposition notice aggregating Rs. 746.4 million (including interest and penalty) for the year 2016-17 from Commercial Tax Department, Karnataka. The Company is in process of filing necessary reply/ submissions in response to this notice.

Based on the expert legal advice obtained by the Company, it does not consider these stock transfers as interstate sales. Hence no provision is considered necessary in the books.

8 Previous period figures have been regrouped/ reclassified, wherever necessary to conform to current period classification.

9 For more details on results, visit the Investor Relations section of the Company's website at www.basf.com/in and/or website of the Stock Exchanges viz., www.bseindia.com and www.nseindia.com.

On behalf of the Board of Directors KRISHNAM OHAN NARAYAN Digitally signed by KRISHNAMOHAN NARAYAN Date: 2021.02.09 12:51:28 +05'30'

(Rs. in million)

	3 months ended31/12/2020	Preceding 3 monthsended 30/09/2020	Corresponding 3months endedin the previous year31/12/2019	Year to date figuresfor current periodended 31/12/2020	Year to date figuresfor previous periodended 31/12/2019	Previous Year ended31/03/2020
	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1. Segment Revenue (Refer Note 6)
a. Agricultural Solution	1,828.8	4,968.4	1,681.3	11,186.1	9,108.5	11,140.1
b. Materials	5,836.0	4,244.4	4,316.2	11,726.6	12,537.8	16,922.8
c. Industrial Solutions	4,012.3	2,997.9	3,209.0	9,160.6	9,161.6	11,919.0
d. Surface Technologies	1,024.3	864.6	2,430.5	2,803.9	6,446.5	8,488.1
e. Nutrition & Care	6,059.8	6,074.5	4,851.0	17,491.2	10,601.4	14,650.6
f. Chemicals	5,203.4	4,471.3	3,133.0	12,651.1	7,300.3	10,160.3
g. Others	278.9	336.9	522.8	879.0	1,868.5	2,229.6

Total	24,243.5	23,958.0	20,143.8	65,898.5	57,024.6	75,510.5
Less: Inter - segment revenue	-	-	-	-	-	-
Total income from operations (net)	24,243.5	23,958.0	20,143.8	65,898.5	57,024.6	75,510.5
2. Segment ResultsProfit/ (Loss) before tax and interest
a. Agricultural Solution	(86.7)	686.7	(29.9)	1,010.4	538.1	612.4
b. Materials	741.2	(86.1)	(33.4)	242.9	(346.9)	(373.8)
c. Industrial Solutions	513.2	174.5	82.1	572.2	323.4	531.9
d. Surface Technologies	(35.0)	(12.8)	78.7	(321.4)	247.6	429.8
e. Nutrition & Care	504.2	316.5	(237.7)	889.3	(200.0)	(214.4)
f. Chemicals	308.3	154.2	68.3	558.2	207.5	247.8
g. Others	41.6	45.2	99.9	122.0	210.7	258.0
Total	1,986.8	1,278.2	28.0	3,073.6	980.4	1,491.7

Less : (i) Finance costs (Refer Note 4)	62.5	85.5	206.7	270.4	674.8	834.0
(ii) Other un-allocable expenditure net off	44.3	105.2	61.7	213.7	229.6	286.6
un-allocable other incomeTotal Profit/ (Loss) before tax and exceptional items	1,880.0	1,087.5	(240.4)	2,589.5	76.0	371.1
Exceptional items (Refer Note 3)	-	4,236.1	(148.8)	4,236.1	(321.6)	(324.6)
Total Profit before tax	1,880.0	5,323.6	(389.2)	6,825.6	(245.6)	46.5
3. Segment Assets
a. Agricultural Solution	5,325.9	5,736.6	5,155.1	5,325.9	5,155.1	6,662.9
b. Materials	14,209.2	12,490.5	10,011.9	14,209.2	10,011.9	11,633.3
c. Industrial Solutions	6,773.8	6,075.6	6,152.0	6,773.8	6,152.0	6,718.8
d. Surface Technologies	2,282.3	1,947.4	4,882.7	2,282.3	4,882.7	5,507.7
e. Nutrition & Care	7,747.3	8,459.2	7,918.5	7,747.3	7,918.5	8,297.2
f. Chemicals	5,416.4	4,540.8	3,422.5	5,416.4	3,422.5	3,255.4
g. Others	586.0	834.5	885.3	586.0	885.3	789.2
h. Unallocated	4,465.9	6,115.8	3,134.1	4,465.9	3,134.1	3,024.4

Total Segment Assets	46,806.8	46,200.4	41,562.1	46,806.8	41,562.1	45,888.9

4. Segment Liabilities
a. Agricultural Solution	2,799.5	4,518.3	2,255.0	2,799.5	2,255.0	2,902.7
b. Materials	6,728.9	4,956.3	5,797.8	6,728.9	5,797.8	7,809.0
c. Industrial Solutions	4,288.8	2,968.8	3,727.2	4,288.8	3,727.2	4,249.4
d. Surface Technologies	1,199.4	872.9	2,090.9	1,199.4	2,090.9	2,415.1
e. Nutrition & Care	6,848.7	5,730.3	5,735.2	6,848.7	5,735.2	6,759.0
f. Chemicalsg. Others	5,915.052.5	4,020.7100.1	2,917.4247.6	5,915.052.5	2,917.4247.6	4,376.3162.9
h. Unallocated	349.4	5,494.2	5,254.4	349.4	5,254.4	3,354.3

Total Segment Liabilities	28,182.2	28,661.6	28,025.5	28,182.2	28,025.5	32,028.7

5. Capital Employed
( Segment Assets - Segment Liabilities)
a. Agricultural Solution	2,526.4	1,218.3	2,900.1	2,526.4	2,900.1	3,760.2
b. Materials	7,480.3	7,534.2	4,214.1	7,480.3	4,214.1	3,824.3
c. Industrial Solutions	2,485.0	3,106.8	2,424.8	2,485.0	2,424.8	2,469.4
d. Surface Technologies	1,082.9	1,074.5	2,791.8	1,082.9	2,791.8	3,092.6
e. Nutrition & Care	898.6	2,728.9	2,183.3	898.6	2,183.3	1,538.2
f. Chemicals	(498.6)	520.1	505.1	(498.6)	505.1	(1,120.9)
g. Othersh. Unallocated	533.54,116.5	734.4621.6	637.7(2,120.3)	533.54,116.5	637.7(2,120.3)	626.3(329.9)

Total	18,624.6	17,538.8	13,536.6	18,624.6	13,536.6	13,860.2

Notes:

a. Agricultural Solution – The Agricultural Solutions segment consists of the Crop Protection division. Agricultural Solution is seasonal in nature

b. Materials – The Materials segment comprises Performance Materials divisions and the Monomers divisions

c. Industrial Solutions - The Industrial Solutions segment consists of the Dispersions & Pigments divisions and Performance Chemicals divisions

d. Surface Technologies - The Surface Technologies segment comprises of the Construction Chemicals (upto June 30, 2020), Catalysts and Coatings divisions

e. Nutrition & Care - The Nutrition & Care segment consists of the Care Chemicals and Nutrition & Health divisions

f. Chemicals - The Chemicals segment consists of the Petrochemicals and Intermediates divisions

g. Others – Others includes activities that are not allocated to any of the continued operating divisions. These includes remaining activities after divestiture of leather and textile chemicals business, paper wet-end and water chemicals business, technical and service charges other than those specifically identifiable to above segments.

h. Un-allocated assets mainly include advance tax (net of provisions), cash and bank balances and other un-allocable assets.

i. Un-allocated liabilities mainly include short term loan and other un-allocable liabilities.

j. Previous period figures have been regrouped/ reclassified, wherever necessary to conform to current period classification.

To The Board of Directors BASF India Limited The Capital, A Wing, 1204-C, 12th Floor, Plot No. C-70, 'G' Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.

1. We have reviewed the unaudited financial results of BASF India Limited (the "Company") for the quarter and nine months ended December 31, 2020 which are included in the accompanying 'Statement of Standalone Unaudited Financial Results for the quarter and nine months ended December 31, 2020' (the "Statement"). The Statement has been prepared by the Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations, 2015"), which has been signed by us for identification purposes. The Statement is the responsibility of the Company's management and has been approved by the Board of Directors. Our responsibility is to issue a report on the Statement based on our review.
1. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement.
1. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the Statement has not been prepared in all material respects in accordance with the applicable Accounting Standards prescribed under Section 133 of the Companies Act, 2013 and other recognised accounting practices and policies and has not disclosed the information required to be disclosed in terms of Regulation 33 of the Listing Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
1. We draw your attention to Note 7 to the financial results, which describes the status of certain demand notices received by the Company from the Commercial Tax Department, Karnataka and the management's assessment of the same, based on the legal advice obtained by the Company. Our conclusion is not modified in respect of this matter.

For Price Waterhouse Chartered Accountants LLP Firm Registration Number: 012754N/N500016 Chartered Accountants

JEETENDRA MIRCHANDA NI

Digitally signed by JEETENDRA MIRCHANDANI Date: 2021.02.09 13:13:18 +05'30'

Jeetendra Mirchandani Partner

Place: Pune Membership Number: 048125 Date: February 09, 2021 UDIN: 21048125AAAAAN2471

Price Waterhouse Chartered Accountants LLP, 252, Veer Savarkar Marg, Shivaji Park, Dadar (West) Mumbai – 400 028 T: +91 (22) 66691500, F: +91 (22) 66547804/07

Registered office and Head Office: Sucheta Bhawan, 11A Vishnu Digambar Marg, New Delhi – 110002

Price Waterhouse (a Partnership Firm) Converted into Price Waterhouse Chartered Accountants LLP (a Limited Liability Partnership with LLP identity no: LLPINAAC-5001) with effect from July 25, 2014. Post its conversion to Price Waterhouse Chartered Accountants LLP, its ICAI registration number is 012754N/N500016 (ICAI registration number before conversion was 012754N)

Regd. Office : The Capital, 'A' Wing, 1204-C, 12th Floor, Plot No. C-70, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051, India, Tel: 022-62785600. Statement of Consolidated Unaudited Financial Results for the quarter and nine months ended December 31, 2020

Rs. in million

	3 months ended31/12/2020(Unaudited)	Preceding 3months ended30/09/2020(Unaudited)	Corresponding 3months endedin the previousyear 31/12/2019(Unaudited)	Year to datefigures forcurrent periodended 31/12/2020(Unaudited)	Year to datefigures forprevious periodended 31/12/2019(Unaudited)	Previous yearended 31/03/2020(Unaudited)
Revenue from operations (Refer Note 6)
Sale of products	24,742.5	24,317.2	19,766.8	66,619.5	55,699.1	74,282.4
Sale of services	304.1	253.8	337.4	825.8	1,187.1	1,447.0
Other operating revenues	18.8	26.3	39.6	82.3	138.4	216.2
	25,065.4	24,597.3	20,143.8	67,527.6	57,024.6	75,945.6
Other income	61.8	31.3	38.4	123.0	155.8	280.4
Total Income	25,127.2	24,628.6	20,182.2	67,650.6	57,180.4	76,226.0
Expenses:
Cost of materials consumed	6,189.5	7,138.4	5,852.6	18,286.7	21,353.7	26,615.9
Purchase of Stock-in-Trade	14,825.9	10,581.9	10,159.1	35,449.7	25,187.5	37,861.9
Changes in inventories of finished goods,
stock-in-trade and work-in-progress	(943.3)	2,510.1	928.9	1,804.7	(82.0)	(2,838.4)
Employee benefit expense	656.1	798.5	875.3	2,431.1	2,729.7	3,625.6
Finance costs (Refer Note 4)	62.7	85.7	206.7	271.1	674.8	834.5
Depreciation and amortisation expense	432.8	442.3	465.2	1,314.8	1,376.2	1,808.6
Other expenses	1,937.8	1,957.9	1,934.8	5,419.9	5,864.5	7,894.4
Total Expenses	23,161.5	23,514.8	20,422.6	64,978.0	57,104.4	75,802.5
Profit / (Loss) before exceptional item and tax	1,965.7	1,113.8	(240.4)	2,672.6	76.0	423.5
Exceptional items (Refer Note 3)	-	4,236.1	(148.8)	4,236.1	(321.6)	(324.6)
Profit / (Loss) before tax	1,965.7	5,349.9	(389.2)	6,908.7	(245.6)	98.9
Tax (credit) / expense: (Refer Note 5)
- Tax (credit) / expense for current period	814.2	1,221.6	(65.4)	1,940.7	(27.0)	(123.4)
- Income tax (credit) / expense for previous periods	-	-	-	-	-	(6.3)
	814.2	1,221.6	(65.4)	1,940.7	(27.0)	(129.7)
Profit / (Loss) for the period	1,151.5	4,128.3	(323.8)	4,968.0	(218.6)	228.6
Other Comprehensive IncomeItems that will not be reclassified to profit or loss:
Remeasurement (Loss)/ Gain of post employment benefit plans	(6.4)	(3.6)	(23.7)	(19.3)	(148.1)	(307.5)
Income tax credit/ (expense) relating to these items	2.8	0.8	1.9	5.7	35.2	107.5
Other Comprehensive Income for the period, net of tax	(3.6)	(2.8)	(21.8)	(13.6)	(112.9)	(200.0)
Total Comprehensive Income for the period	1,147.9	4,125.5	(345.6)	4,954.4	(331.5)	28.6
Paid-up Equity Share Capital (Face value of Rs. 10/- each)	432.9	432.9	432.9	432.9	432.9	432.9
Reserves (excluding Revaluation Reserves) as shown in the Balance Sheet of previous year						12,006.8
Weighted average number of equity shares outstanding as at period end	43,284,958	43,284,958	43,284,958	43,284,958	43,284,958	43,284,958
Basic and diluted earnings per share after exceptional items (in Rs.) (not annualised)	26.6	95.4	(7.5)	114.8	(5.1)	5.3
Basic and diluted earnings per share before exceptional items (in Rs.) (not annualised)	26.6	19.9	(4.6)	42.4	1.6	10.9
Face value per share (in Rs.)	10.0	10.0	10.0	10.0	10.0	10.0

Regd. Office : The Capital, 'A' Wing, 1204-C, 12th Floor, Plot No. C-70, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051, India, Tel: 022-62785600. Statement of Consolidated Unaudited Financial Results for the quarter and nine months ended December 31, 2020

Notes:

1 The above consolidated financial results for BASF India Limited ('the Company') and its subsidiary BASF Performance Polyamides India Private Limited ('BPPIPL') (together herein referred to as 'the group') for the quarter and nine months ended December 31, 2020 have been reviewed by the Audit Committee and thereafter approved by the Board of Directors at its meeting held on February 9, 2021. The above results have been subjected to limited review by the statutory auditors of the Company.

For the purpose of consolidated financial statements, considering requirements of Appendix C of Ind AS 103 'Business Combinations' the Company has accounted the acquisition of BPPIPL as common control transaction effective February 1, 2020 (i.e. the date of global acquisition of Solvay Polyamides business by BASF SE).

For the quarter and nine months ended December 31, 2020, the Company has prepared the consolidated financial results including results of BPPIPL as a wholly owned subsidiary effective February 1, 2020 and therefore to this extent, the consolidated financial results are not strictly comparable. The excess of consideration over the net value of assets, liabilities and reserves of BPPIPL amounting to Rs 2,857.4 million has been debited to Capital Reserve as on February 1, 2020.

3 Exceptional items includes following:

						Rs. in million
Particulars	3 months ended	Preceding 3	Corresponding 3	Year to date	Year to date	Previous year
	31/12/2020	months ended	months ended	figures for	figures for	ended 31/03/2020
		30/09/2020	in the previous	current period	previous period
			year 31/12/2019	ended 31/12/2020	ended 31/12/2019
Profit on sale of Construction chemicals business (Refer note (i) below)	-	4,651.9	-	4,651.9	-	-
Loss on divestiture of Optical Brightening Agents (OBA) business (Refer note (ii) below)	-	(138.5)	(148.8)	(138.5)	(258.5)	(261.5)
Impairment of certain assets at Dahej plant (Refer note (iii) below)	-	(277.3)	-	(277.3)	-	-
Compensation towards Voluntary Retirement Scheme for certain permanent workmen at	-	-	-	-	(63.1)	(63.1)
Thane plant
Total	-	4,236.1	(148.8)	4,236.1	(321.6)	(324.6)

The Company has recognized net profit of Rs. 4,651.9 million during the quarter ended September 30, 2020 pursuant to the aforesaid divestiture.

The Company has also filed a Writ Petition before the Hon'ble Karnataka High Court against the order passed by Hon'ble Central Sales Tax Appellate Authority (CSTAA).

Based on the expert legal advice obtained by the Company, it does not consider these stock transfers as interstate sales. Hence no provision is considered necessary in the books.

8 Previous period figures have been regrouped/ reclassified, wherever necessary to conform to current period classification.

9 For more details on results, visit the Investor Relations section of the Company's website at www.basf.com/in and/or website of the Stock Exchanges viz., www.bseindia.com and www.nseindia.com.

CIN No.: L33112MH1943FLC003972 Narayan Krishnamohan Mumbai Managing Director February 9, 2021 DIN : 08350849 JEETENDRA MIRCHAND ANI Digitally signed by JEETENDRA MIRCHANDANI Date: 2021.02.09 13:16:43 +05'30'

On behalf of the Board of Directors KRISHNAMO HAN NARAYAN Digitally signed by KRISHNAMOHAN NARAYAN Date: 2021.02.09 12:49:36 +05'30'

	3 months ended31/12/2020	Preceding 3 monthsended 30/09/2020	Corresponding 3months endedin the previous year31/12/2019	Year to date figuresfor current periodended 31/12/2020	Year to date figuresfor previous periodended 31/12/2019	Previous Year ended31/03/2020
	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)

1. Segment Revenue (Refer Note 6)a. Agricultural Solution	1,828.8	4,968.4	1,681.3	11,186.1	9,108.5	11,140.1
b. Materials	6,657.9	4,883.7	4,316.2	13,355.7	12,537.8	17,357.9

c. Industrial Solutions	4,012.3	2,997.9	3,209.0	9,160.6	9,161.6	11,919.0
d. Surface Technologies	1,024.3	864.6	2,430.5	2,803.9	6,446.5	8,488.1
e. Nutrition & Care	6,059.8	6,074.5	4,851.0	17,491.2	10,601.4	14,650.6
f. Chemicals	5,203.4	4,471.3	3,133.0	12,651.1	7,300.3	10,160.3
g. Others	278.9	336.9	522.8	879.0	1,868.5	2,229.6
Total	25,065.4	24,597.3	20,143.8	67,527.6	57,024.6	75,945.6
Less: Inter - segment revenue	-	-	-	-	-	-
Total income from operations (net)	25,065.4	24,597.3	20,143.8	67,527.6	57,024.6	75,945.6

2. Segment ResultsProfit/ (Loss) before tax and interest
a. Agricultural Solution	(86.7)	686.7	(29.9)	1,010.4	538.1	612.4
b. Materials	826.9	(59.6)	(33.4)	326.5	(346.9)	(320.8)
c. Industrial Solutions	513.2	174.5	82.1	572.2	323.4	531.9
d. Surface Technologies	(35.0)	(12.8)	78.7	(321.4)	247.6	429.8
e. Nutrition & Care	504.2	316.5	(237.7)	889.3	(200.0)	(214.4)
f. Chemicals	308.3	154.2	68.3	558.2	207.5	247.8
g. Others	41.6	45.2	99.9	122.0	210.7	258.0

Total	2,072.5	1,304.7	28.0	3,157.2	980.4	1,544.7
Less : (i) Finance costs (Refer Note 4)	62.7	85.7	206.7	271.1	674.8	834.5
(ii) Other un-allocable expenditure net off	44.1	105.2	61.7	213.5	229.6	286.7
un-allocable other incomeTotal Profit/ (Loss) before tax and exceptional items	1,965.7	1,113.8	(240.4)	2,672.6	76.0	423.5
Exceptional items (Refer Note 3)	-	4,236.1	(148.8)	4,236.1	(321.6)	(324.6)
Total Profit before tax	1,965.7	5,349.9	(389.2)	6,908.7	(245.6)	98.9


3. Segment Assets
a. Agricultural Solution	5,325.9	5,736.6	5,155.1	5,325.9	5,155.1	6,662.9
b. Materials	13,431.4	11,476.2	10,011.9	13,431.4	10,011.9	14,045.3
c. Industrial Solutions	6,773.8	6,075.6	6,152.0	6,773.8	6,152.0	6,718.8
d. Surface Technologies	2,282.3	1,947.4	4,882.7	2,282.3	4,882.7	5,507.7
e. Nutrition & Care	7,747.3	8,459.2	7,918.5	7,747.3	7,918.5	8,297.2
f. Chemicals	5,416.4	4,540.8	3,422.5	5,416.4	3,422.5	3,255.4
g. Others	586.0	834.5	885.3	586.0	885.3	789.2
h. Unallocated	4,465.9	6,115.8	3,134.1	4,465.9	3,134.1	3,024.4
Total Segment Assets	46,029.0	45,186.1	41,562.1	46,029.0	41,562.1	48,300.9

4. Segment Liabilities
a. Agricultural Solution	2,799.5	4,518.3	2,255.0	2,799.5	2,255.0	2,902.7
b. Materials	7,311.3	5,364.3	5,797.8	7,311.3	5,797.8	11,641.5
c. Industrial Solutions	4,288.8	2,968.8	3,727.2	4,288.8	3,727.2	4,249.4
d. Surface Technologies	1,199.4	872.9	2,090.9	1,199.4	2,090.9	2,415.1
e. Nutrition & Care	6,848.7	5,730.3	5,735.2	6,848.7	5,735.2	6,759.0
f. Chemicals	5,915.0	4,020.7	2,917.4	5,915.0	2,917.4	4,376.3
g. Others	52.5	100.1	247.6	52.5	247.6	162.9
h. Unallocated	349.4	5,494.2	5,254.4	349.4	5,254.4	3,354.3

Total Segment Liabilities	28,764.6	29,069.6	28,025.5	28,764.6	28,025.5	35,861.2

5. Capital Employed
( Segment Assets - Segment Liabilities)
a. Agricultural Solution	2,526.4	1,218.3	2,900.1	2,526.4	2,900.1	3,760.2
b. Materials	6,120.1	6,111.9	4,214.1	6,120.1	4,214.1	2,403.8
c. Industrial Solutions	2,485.0	3,106.8	2,424.8	2,485.0	2,424.8	2,469.4
d. Surface Technologies	1,082.9	1,074.5	2,791.8	1,082.9	2,791.8	3,092.6
e. Nutrition & Care	898.6	2,728.9	2,183.3	898.6	2,183.3	1,538.2
f. Chemicals	(498.6)	520.1	505.1	(498.6)	505.1	(1,120.9)
g. Others	533.5	734.4	637.7	533.5	637.7	626.3
h. Unallocated	4,116.5	621.6	(2,120.3)	4,116.5	(2,120.3)	(329.9)

Notes:

a. Agricultural Solution – The Agricultural Solutions segment consists of the Crop Protection division. Agricultural Solution is seasonal in nature

b. Materials – The Materials segment comprises Performance Materials divisions, the Monomers divisions and Performance Polyamides business of the subsidiary (Refer note 2)