Bosch posts 25.4% PAT growth

Technology products and services company Bosch Limited said on Friday that it has posted 25.4 per cent increase in net profit after tax to Rs 326 crore from Rs 260 crore in the corresponding period of the previous year.

Net sales and income from operations rose 11 per cent to Rs 2,431 crore from RS 2,194 crore a year earlier. Exports grew by 35 per cent over the first quarter of 2013.

Sales of automotive products alone touched Rs 2,133 crore, rising 12 per cent from Rs 1,904 crore a year earlier. Profit Before Tax (PBT) at Rs 452 crore increased 16.9 per cent.

Steffen Berns, Managing Director, Bosch Limited said, “The positive results for the quarter are a direct reflection of the good performance of our Diesel Systems and Gasoline Systems divisions.

Diesel Systems benefitted from strong tractor production and higher sales of vehicles fitted with Bosch equipments. Although overall results are positive, the continued weak consumer sentiment has limited our growth in the trading divisions.”