Bengaluru – Bosch Limited, a leading supplier of technology and services, posted total revenue from operations of INR 3,212 crores in Quarter 1 of FY 2018-19, registering 21.3 percent increase over the same period of the previous year on a comparable basis. The Profit Before Tax (PBT) stood at INR 649 crores, a growth of 40.5 percent over the same period of previous year on account of higher turnover, improved operational efficiency and higher productivity. The Net Profit After Tax (PAT) stood at INR 431 crores, an increase of 42.4 percent over the same period of previous year.
“Bosch Limited had a progressive contribution – globally and locally in the automotive industry this year. We will continue to make considerable upfront investments – in the form of capital expenditure, high spending on R&D, and opening new markets. The remaining financial year will see Bosch making significant innovative additions to the Indian automotive industry,” said Mr. Soumitra Bhattacharya, Managing Director, Bosch Limited.
Snapshot of business divisions’ performance in Quarter 1
Bosch Limited’s Mobility Solutions business sector grew by 20.5 percent in 2018-19. Domestic sales increased by 21.7 percent, while export sales registered a growth of 7.4 percent. Within the Mobility Solutions business, the Powertrain Solutions business division showed a significant performance registering a strong double-digit growth of 26.5 percent.
Powertrain Solutions domestic sales increased by 28.2 percent, outperforming the domestic automotive market, which posted a growth of 24.6 percent in the same period.
Bosch’s business beyond the Mobility Solutions sector registered a double-digit growth of 48.9 percent contributed majorly by Energy business and Power Tools business division.
“Bosch is transforming into an end-to-end technology and IoT services provider. With so much potential in our country, we are confident that Bosch Limited will make positive progress with its connected solutions and integrated mobility offerings,” Mr. Bhattacharya added.
