Bosch Ltd posts consolidated PAT of Rs 481 95 crore in Q4FY21 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
May 20, 2021
On the back of significant increase in the demand from the agriculture sector
The country s leading auto parts company, Bosch Ltd, surprised the street with a five-fold increase in net profit to ₹482 crore for the Q4 of 2020-21 because of a significant increase in the demand from the agriculture sector
The company s total income during the quarter rose 40.27 per cent to ₹3,334.79 crore. The company announced a dividend of ₹115 per share for the financial year 2020-21. The capex for the current year has been set at around ₹200 crore.
“Despite facing a spell of near-zero sales in the month of April and May in 2020, there has been a significant increase in the demand from the agriculture sector, mainly the tractor business. The industry showed continued signs of recovery since the second quarter of FY 2020-21, however, it remains impacted due to the uncertainties in the market. International market volatilities in the supply chain will also continue to impac
Read more about Chip shortage is a global phenomenon, may persist till 2022: Bosch on Business Standard. Company s capex plan for FY22 dips for the first time in several years, is pegged at Rs 200 cr
Bosch Q4 net profit up five times at Rs 482 crore ANI | Updated: May 20, 2021 17:11 IST
Bengaluru (Karnataka) [India], May 20 (ANI): Bosch Ltd on Thursday posted a standalone net profit of Rs 482 crore in the quarter ended March (Q4 FY21), up nearly five times from Rs 81 crore in the year-ago period.
Revenue from operations stood at Rs 3,218 crore up 44 per cent from Rs 224 crore clocked in Q4 FY20. Profit before tax totalled Rs 640 crore, up over 77 per cent in the same period.
The company announced a dividend of Rs 115 per share for FY21.
Bosch said it is undergoing major transformation with regard to structural and cyclical changes in automotive market and emerging opportunities in electro mobility and mobility segment.
May 20, 2021
Soumitra Bhattacharya, Managing Director, Bosch, and President, Bosch Group in India×
‘Nobody knows what impact the second wave of Covid will have on the industry’
India s leading auto parts manufacturer Bosch posted a sharp V-shaped recovery with a net profit at ₹482 crore during the fourth quarter of the last fiscal. In an interview with
BusinessLine, Bosch Ltd Managing Director and Bosch India President, Soumitra Bhattacharya, shares the company s prospects in the current situation. Excerpts:
We do know that the semiconductor chip shortage will weigh on global automotive production growth in 2021. But are there any alternatives and how can such disruptions be reduced over a period of time?