BASF India hit a new 52-week low at Rs.782.10 and the stock continues to be down in the red; down currently 5%.

The company posted a very disappointing set of numbers for Q3FY16. Higher costs continue to push the company into the red – net sales was up 16% (YoY) at Rs.1126 crore but costs at Rs.1212 crore, much higher than the revenue earned, led the company into a loss. Interest cost rose 4% and all these together led the company posting a net loss of Rs.106 crore in current Q3 compared to loss of Rs.39 crore in previous Q3 and loss of Rs.59 crore in preceding Q2.

Depreciation remains elevated - the company commissioned some plants at Dahej, due to which there was a rise in depreciation, interest, pre-commissioning marketing costs and overall operating expenses.