Bosch Q4 Profit Surges 41% to Rs 564 Cr - Auto Components Maker
By Rediff Money Desk, New Delhi May 24, 2024 18:56
Bosch India's net profit for Q4 FY24 soared by 41% to Rs 564 crore, driven by strong demand in passenger cars and consumer goods. Total income also rose to Rs 4,459 crore.
New Delhi, May 24 (PTI) Auto components maker Bosch on Friday reported a 41 per cent increase in consolidated net profit after tax Rs 564 crore for the March quarter.
The company reported a net profit of Rs 399 crore in the year-ago period.
Total income of the company rose to Rs 4,459 crore for the period under review as compared with Rs 4,199 crore in the same quarter of FY23, Bosch Ltd said in a regulatory filing.
For the year ended March 31, 2024, the company reported a net profit of Rs 2,490 crore as against Rs 1,424 crore in the 2022-23 fiscal.
Total income rose to Rs 17,449 crore in FY24 as against Rs 15,402 crore in FY23.
The company said its board has recommended a final dividend of Rs 170 per share for the year.
"We concluded FY23-24 with a strong performance and considerable revenue growth, despite multiple headwinds that plagued the industry," Bosch Managing Director Guruprasad Mudlapur said.
The resilient uptick was fuelled by increased demand for passenger cars and consumer goods product segment, he added.
The company reported a net profit of Rs 399 crore in the year-ago period.
Total income of the company rose to Rs 4,459 crore for the period under review as compared with Rs 4,199 crore in the same quarter of FY23, Bosch Ltd said in a regulatory filing.
For the year ended March 31, 2024, the company reported a net profit of Rs 2,490 crore as against Rs 1,424 crore in the 2022-23 fiscal.
Total income rose to Rs 17,449 crore in FY24 as against Rs 15,402 crore in FY23.
The company said its board has recommended a final dividend of Rs 170 per share for the year.
"We concluded FY23-24 with a strong performance and considerable revenue growth, despite multiple headwinds that plagued the industry," Bosch Managing Director Guruprasad Mudlapur said.
The resilient uptick was fuelled by increased demand for passenger cars and consumer goods product segment, he added.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.89 ( 0.00)
- 69758135
- Standard Capital
- 1.26 ( -16.00)
- 55792425
- GTL Infrastructure
- 2.37 (+ 4.87)
- 50169700
- Vodafone Idea L
- 9.18 ( -1.50)
- 27130818
- Jaiprakash Power Ven
- 22.33 ( -2.45)
- 21183721
MORE NEWS
Wipro to Consider Bonus Shares Ahead of Q2 Results
Wipro's board will meet on October 16-17 to consider a proposal for issuing bonus...
Jio Urges Minister's Intervention on Satcom...
Reliance Jio seeks Union Minister Scindia's intervention to ensure a level-playing...
India Bans Pocket Lighter Parts Import: Focus...
India restricts imports of pocket lighter parts, aiming to boost local manufacturing...