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Bosch Q1 net grows 12% at Rs 344 crore

Tuesday, 11 August,New Delhi: Auto component maker Bosch today posted 12.08% rise in its net profit at Rs 343.74 crore for the quarter ended June 30, 2015 aided by improving operational efficiency.

The company had posted a net profit of Rs 306.68 crore in the same period of the previous fiscal.

Net sales of the company rose to Rs 2,532.08 crore during the first quarter, up 7.37% as compared to Rs 2,354.61 crore in the same period a year ago, Bosch Ltd said in a BSE filing.

“Bosch Ltd registered healthy growth in the first quarter of the current financial year…The measures initiated in the last two years such as effective deployment of human resources and improving operational efficiency have continued to yield good results,” Bosch Managing Director Steffen Berns said.

He further said: “Our forecast for this financial year remains cautiously optimistic. We see a continued recovery in commercial vehicles and moderate growth in passenger cars.

However, we do not expect big developments in the agricultural areas.”

Bosch shares were trading at Rs 26,655.15 apiece, up 2.51%, on BSE.