Bosch s Q3 net profit up 29%

Mumbai Feb 5 (IANS) Automotive components manufacturer Bosch on Monday reported a 28.79 per cent rise in its standalone net profit for the quarter ended December 31 2017-18.

According to a regulatory filing the company s net profit during the quarter under review increased to Rs 281.01 crore from Rs 218.19 crore reported for the corresponding period in 2016-17.

The automotive components manufacturer s total income rose nearly 5 per cent to Rs 3 174.18 crore from Rs 3 027.15 crore earned during the Q3 of 2016-17.

"Bosch is offering the right technologies to shape the future while also taking care of the core businesses " said Soumitra Bhattacharya Managing Director Bosch Limited and President Bosch Group in India.

"We expect to remain on a path of growth in both areas in the current business year and are well prepared."

--IANS
rrb/bg