Bosch Limited registers 5.7 percent growth in net sales and income from operations
Operating profit increased by 9.4 percent which is attributed to reduced commodity prices, lower inflation, tight control on expenses and focus on operational efficiency.
Profit Before Tax (PBT) increased marginally by 0.5 percent to INR 460 crores, because of the effect of reduced profit on sale of financial investments, triggered by a change in the rule governing indexation benefits on mutual funds announced in Union Budget 2014.
Profit After Tax (PAT) accordingly stood at INR 305 crores, a marginal decline of 0.3 percent, mainly on account of an increase in the corporate tax rate announced in the Union Budget 2015.
“Bosch Limited registered overall moderate growth in the second quarter of the current financial year. Our business divisions in the Mobility Solutions sector as well as our divisions beyond Mobility Solutions developed equally well,” said Steffen Berns, managing director of Bosch Limited.
“Strong operating profit was driven by measures initiated in the last two years such as effective deployment of human resources and improving operational efficiency, which have continued to yield good results,” Berns added.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
