Bosch Q4 Results: Net profit rises on higher demand
Bosch, the Indian arm of German automotive supplier Robert Bosch GmbH, reported a 41.5% climb in fourth-quarter profit on Friday, helped by better demand for its automotive products and consumer goods.
Bosch, the Indian arm of German supplier , reported a 41.5% climb in fourth-quarter on Friday, helped by better for its automotive and .Net profit rose to 5.65 billion rupees ($67.99 million) in the ended March 31 from 3.99 billion rupees a year earlier for the company, which makes and accessories for cars, two wheelers and railways among others.
India's total during the January-March period rose over 21%, which in turn also helped expand the auto parts demand.
"The resilient uptick (in in the year) was fuelled by increased for passenger cars and consumer goods segment," company said in a statement.
from operations grew 4.2% to 42.33 billion rupees, pushed up by 2.8% rise in the moneymaker automotive products segment, while smaller consumer goods segment grew 10.1%.
Total rose 3.6% in the quarter.
of Bosch closed down 0.1% ahead of results, while it had gained 38.9% in the year so far.
($1 = 83.1000 Indian rupees)
Source: Stocks-Markets-Economic Times
