Bosch Limited registers 13.1 percent growth in Q4

Profit Before Tax (PBT) stood at INR 165 crores and declined by 8.6 percent. Profit After Tax (PAT) stood at INR 111 crores and declined by 20.2 percent. This was caused by one-time effects such as organizational restructuring costs consequent to recent wage settlement negotiations and associate retirement benefit costs due to a sharp decline in discounting rates in India.

“Bosch Limited has registered a good growth in the fourth quarter of 2014, above growth of the country’s automotive market and partly reflecting improvements in the heavy commercial vehicle (HCV) and three-wheeler segments. In spite of some one-time effects, our focus on operational efficiencies and productivity has continued to yield good results in the fourth quarter, the same as in the full year of 2014,” said Steffen Berns, managing director of Bosch Limited and president of Bosch Group in India.

“With proactive spending on capital expenditure for infrastructure and technology, we are well prepared for the anticipated market recovery and future growth. The market performance of the coming quarters will be determined by factors such as fuel prices, interest rates and execution of infrastructure and mining projects. The union budget will also have a major impact on consumption at large,” he further elaborated.

For the twelve months ended in December 2014, Bosch Limited posted net sales and income from services of INR 9,574 crores, registering a growth of 10.8 percent over the previous period. Profit After Tax stood at INR 1,050 crores, a growth of 18.7 percent.