Friday, 26 May 2017

Bosch quarter net profit dips 10% in Q4

Automotive components maker Bosch Ltd. on Thursday reported a 10 per cent year-on-year (YoY) decline in net profit to Rs 441 crore for the fourth quarter (Q4) of fiscal 2016-17 from Rs 491 crore in same period year ago. Sequentially, however, net profit in Q4 zoomed a whopping 102 per cent quarter on quarter (QoQ) from Rs.218 crore in the third quarter (Q3) of FY 2017. "For the fiscal under review (FY 2016-17), standalone net profit grew 13.4 per cent YoY to Rs 1,741 crore from Rs 1,535 crore in fiscal 2015-16," said the Indian arm of the German multinational. Total income from operations in Q4 grew 3.2 per cent YoY to Rs 2,780 crore from Rs 2,695 crore in like period year ago but declined 3.4 per cent QoQ from Rs 2,877 crore in Q3 on standalone basis.

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