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Business Economy


Bosch Limited registers 13.8 per cent growth in Q2 2018-19

Bosch Limited registers 13.8 per cent growth in Q2 2018-19

Bengaluru, Nov 5 (UNI) Bosch Limited of German based Bosch Group, has earned total revenue of Rs 3,201 crores in Quarter 2 of FY 2018-19, registering a 13.8 per cent increase over the earning during the corresponding period previous year.

The Profit Before Tax (PBT) during the Quarter ending September 30 stood at Rs 641 crores, registering a growth of 21.8 percent over the same period of previous year. The Net Profit After Tax (PAT) s

AStood at Rs 420 crores, an increase of 18.9 percent over the same period of previous year, according to a release here on Monday.

For the half-year ended September 30, 2018, the company posted a total revenue from operations of Rs 6,413 crores, an increase of 17.5 percent over the same period of previous year. PBT stood at Rs 1,290 crores and PAT stood at Rs 851 crores.

“Bosch Limited’s performance in the first two quarters highlights our 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, ” said Mr Soumitra Bhattacharya, Managing Director, Bosch Limited.

The Board has, subject to approval of the shareholders buyback of up to 1,028,100 equity shares of the Company, on a proportionate basis by way of a tender offer at a price of Rs 21,000 per equity share for an aggregate amount not exceeding Rs 2,159.01 crores in accordance with the provisions of the Companies Act, 2013 and Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018.

UNI MSP RS TS1602

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