Bosch Q2 profit up 18.86% at Rs 420 crore; total income stands at Rs 3,340.62 crore
The company had posted standalone net profit of Rs 353.34 crore in the year-ago quarter, Bosch Ltd said in a regulatory filing
New Delhi: Auto components major Bosch Ltd Monday reported 18.86 percent increase in standalone net profit at Rs 419.99 crore in the second quarter ended 30 September, 2018.
The company had posted standalone net profit of Rs 353.34 crore in the year-ago quarter, Bosch Ltd said in a regulatory filing.
Representational image. Reuters
Total income during the second quarter stood at Rs 3,340.62 crore. It was at Rs 2,940.88 crore in the corresponding quarter last year.
"In the past quarter, Bosch has outperformed the industry in business beyond mobility sectors as well," Bosch Ltd Managing Director Soumitra Bhattacharya said.
He further said, "as a recognised industry leader in many sectors, we will continue to present innovations across our business including Internet of things (IoT) services and integrated mobility offerings.”
For the half-year ended 30 September, 2018, the total revenue from operations was at Rs 6,413 crore, an increase of 17.5 percent over the same period of previous year, the company said adding profit after tax for the half-year ended 30 September, stood at Rs 851 crore.
Bhattacharya said the first two quarters of the ongoing fiscal highlighted the company's continued commitment to delivering best-in-class automotive solutions.
"With these, we are helping our customers to meet the challenge of manufacturing only vehicles compliant with BS VI emission standards from April 2020 as recently ruled by the Supreme Court," he added.
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