Bosch Q1 net profit rises 42% to Rs 431 cr
Revenue from operations stood at Rs 3,212.15 crore. It Rs 2,830.44 crore in the first quarter last fiscal. The two figures are not comparable as revenue from operations after GST implementation in July 2017 is taken as net of GST.
In the first quarter this fiscal, the company said its mobility solutions business sector grew by 20.5 percent, with domestic sales growing by 21.7 percent, while export sales posted 7.4 percent increase.
Other business verticals, including energy business and power tools, registered 48.9 percent growth, it added.
"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," he added.
Stating that the company is transforming into an end-to-end technology and IoT services provider, Bhattacharya said, "With so much potential in our country, we are confident that Bosch Ltd will make positive progress with its connected solutions and integrated mobility offerings".
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