💨 Abstract

BASF India, a German chemicals manufacturer, reported a 26.1% decline in third-quarter profit due to higher input costs, despite healthy demand. The company will close a turbo tube dryer unit at its Dahej site due to outdated technology, low utilization, and high maintenance costs. The materials and agriculture solutions segments saw a 13.9% and 25.2% revenue growth, respectively.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖