Bosch Q2 Net Profit Down 46% to Rs 536 cr | Revenue at Rs 4,394 cr
Nov 12, 2024 17:48
Bosch reports a 46% decline in net profit to Rs 536 crore in Q2 FY25, while revenue rose to Rs 4,394 crore. The company cites macroeconomic factors and unpredictable rainfall for the decline.
New Delhi, Nov 12 (PTI) Auto components firm Bosch on Tuesday said its consolidated net profit declined 46 per cent on-year to Rs 536 crore in the September 2024 quarter.
The company reported a net profit of Rs 1,000 crore in the July-September quarter of last fiscal.
Revenue from operations increased to Rs 4,394 crore in the second quarter as compared with Rs 4,130 crore in the year-ago period, Bosch Ltd said in a regulatory filing.
"Despite unpredictable rainfall and several macroeconomic factors affecting the automotive industry's overall performance this quarter, we showcased our capacity to adapt to changing market demands and provide high-quality solutions that align with our customers' needs," Bosch Ltd Managing Director Guruprasad Mudlapur said.
The company anticipates sustained demand across segments driven by the festive period in the next quarter, he added.
Coupled with investments in advanced technologies and a strong commitment to localisation, the company will continue to deepen its efforts in high-growth areas and develop further capabilities to cater to an ever-evolving mobility landscape, Mudlapur noted.
Shares of the company settled 4.49 per cent down at Rs 33,394 apiece on the BSE.
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Market News » Bosch Q2 Net Profit Down 46% to Rs 536 cr | Revenue at Rs 4,394 cr
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