Bosch Limited registers 8.6 percent growth in net sales and income from operations

In this reporting period, Profit Before Tax (PBT) stood at INR 543 crores or 21.9 percent of sales.

For the same period, Profit After Tax (PAT) from continuing operations stood at INR 375 crores or 15.1 percent of sales, a decrease of 0.7 percent over the same period of the previous year.

Despite a sales growth of 8.6 percent, Profit After Tax (PAT) declined due to one-time costs, startup costs for new projects, adverse exchange rate impact and higher depreciation for the quarter.

“Bosch Limited has registered a healthy topline growth in the quarter ended in June 2016. Although the development of the local automotive market remained subdued, we continue to invest in infrastructure and technology. We are working closely with our customers for the introduction of BS6 emission norms by 2020 and have the right products and experience to contribute towards meeting the emission standards,” said Dr. Steffen Berns, managing director of Bosch Limited.  “We welcome the passage of the GST (Goods and Service Tax) Amendment Bill, which we expect to lead to a big boost for the Indian economy. Our IT systems have already been upgraded and are GST compliant. We are also optimizing our supply chain and logistics to benefit from the introduction of GST,” said Dr. Berns.