Bosch Ltd profits are lower by 22.64 per cent to Rs 259.77 crore for the first quarter (Q1) this calendar year.
The company’s revenues also fell by 3.82 per cent to Rs 2207.45 crore in the same quarter, while EPS stood at Rs 82.7 compared with Rs 107 for the last year.
Bosch continues to see great prospects for the Indian market and has therefore, allocated Rs 650 crore for investment for the year 2013.
Steffen Berns, Managing Director, announcing the results said: “The automotive market continued to be weak in most of the sectors, compared to the same period in the previous year. Although we did better than the automotive market, partly because of our strong growth in non-automotive business, we could not completely compensate the negative impact on our top-line. Compared to the last quarter of 2012, the figures improved.”
anil.u@thehindu.co.in