Bosch Q3 net profit dips 3% to 184 crore

Revenue from operations however increased to 3,029.64 crore as against 2,536.64 crore in the year-ago period.
Bosch posted a net profit of ₹190.33 crore in the October-December period of 2019-20.
Bosch posted a net profit of ₹190.33 crore in the October-December period of 2019-20.

Auto component major Bosch on Thursday said its consolidated net profit declined by 3.24 per cent to 184.15 crore for the third quarter ended December 31, 2020.

The company had posted a net profit of 190.33 crore in the October-December period of 2019-20.

Revenue from operations however increased to 3,029.64 crore as against 2,536.64 crore in the year-ago period, Bosch Ltd said in a regulatory filing.

Also check these Vehicles

Find more Cars
Audi Q3 Sportback (HT Auto photo)
1984.0 cc Petrol Automatic
₹ 51.43 Lakhs
Compare
Audi Q3 (HT Auto photo)
1984.0 Petrol Both
₹ 44.89 - 50.39 Lakhs
Compare
View Offers
Mercedes-benz Amg A35 Limousine (HT Auto photo)
1991.0 Petrol Automatic
₹ 57.60 Lakhs
Compare
View Offers
Mercedes-benz Amg Gla35 (HT Auto photo)
1991.0 cc Petrol Automatic
₹ 58.80 Lakhs
Compare
Hyundai Creta (HT Auto photo)
1497 cc Multiple Both
₹ 11 - 20.15 Lakhs
Compare
View Offers
Mahindra Thar (HT Auto photo)
2184 cc Multiple Both
₹ 11.25 - 17.20 Lakhs
Compare
View Offers

Also Read : More chip shortage woes could hit carmakers, suppliers in 2021

“The sales figure for the festive season in the last quarter was better than anticipated, especially in the tractor and passenger automotive segments. However, the volatilities in the supply chain continued to disrupt growth," Bosch Ltd managing director Soumitra Bhattacharya said.

Since late last year, the industry has been hit by a shortage in the supply of semiconductors, which has impacted the company's imports and automotive production in India, he added.

The company is currently focusing on maintaining supply chains to the extent possible despite a tense market situation, while discussing the issues directly with its customers and suppliers, Bhattacharya said.

The company said its board approved the appointment of SC Srinivasan as a Joint Managing Director for a period of three years with effect from February 12,2021 to February 11, 2024, subject to approval of the shareholders.

First Published Date: 11 Feb 2021, 18:18 PM IST
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.