Bosch Q3 profit declines 3.15% to ₹184.25 crore

Bosch Limited on Thursday posted a net profit of ₹184.25 crore in the third quarter ended December, a 3.15% decline compared to ₹190.24 crore in the year-earlier period. The company reported sales of ₹3,029.64 crore as against ₹2,536.64 crore, marking a year-on-year growth of 19.44%. Shortage of semiconductors adversely impacted imports, the company said.

Soumitra Bhattacharya, managing director, Bosch Limited said, the sales figures in the third quarter were better than anticipated, especially from the tractor and passenger automotive segments. Powertrain Solutions sales grew by 46% during the quarter. Two-wheeler and powersports business too witnessed growth in this period, he added.

The company continued to invest in its 3R strategy of restructuring, reskilling, redeployment and other transformational projects. To support this, an additional amount of ₹146.6 crore has been provided, it said.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.


A one-stop-shop for seeing the latest updates, and managing your preferences.


We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *