Bosch Limited registers 12.8 pct growth in net sales and income

In this reporting period, Profit Before Tax (PBT) stood at INR 321 crores or 12.1 percent of sales.

For the same period, Profit After Tax (PAT) stood at INR 221 crores or 8.3 percent of sales, an increase of 99 percent. Improved sales as well other factors such as the reduction in employee benefit costs, the realization of benefits from organizational restructuring undertaken in the previous year and a low base in 2014 due to one-time effects, have contributed to this result.

“Bosch Limited has registered a healthy growth in the quarter ended December 2015. Our focus on operational efficiencies and productivity has continued to yield good results,” said Dr. Steffen Berns, managing director of Bosch Limited.

“Although the development of the automotive market remained subdued, we continue our proactive spends on capex for infrastructure and technology. With our motivated and competent employees, we are well prepared for the future. The market performance of the coming quarters will be determined by factors such as the implementation of key legislation and execution of infrastructure projects,” said Dr. Berns.

“We are keeping a close watch on the developments regarding the BS6 emission legislation. We support the introduction of BS6 emission norms by 2020 and have the right products, experience and testing infrastructure to meet the emission standards,” he elaborated.