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?
Bosch Q4 net profit jumps to ₹482 crore
Updated:
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‘Second wave delays sector’s recovery’
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‘Second wave delays sector’s recovery’
Auto parts maker Bosch Ltd. on Thursday posted a sixfold jump in Q4 net profit to ₹482 crore from ₹81 crore in the year-earlier period.
Net profit for FY21 stood at ₹482.5 crore as against ₹649.8 crore in the previous year, a decline of 26%.
Total revenue from operations stood at ₹971.8 crore, a decline of 1.3% compared with the previous fiscal. In Q4, the company reported total a revenue of ₹321.8 crore, an increase of 43.8% compared with the year-earlier period.
The second wave of the pandemic pushed the Indian auto industry, which was on road to recovery until early this year, to market uncertainties again, Bosch said. In addition, international market volatilities in the supply chain would continue to impact the auto sector in the country, the company said.
Indian shares settle lower as metals, private lenders drag
05/20/2021 | 07:11am EDT
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BENGALURU (Reuters) - Indian shares ended lower for a second straight session on Thursday, as metal stocks fell after China said it would stabilise commodity markets and major private banks gave up early gains.
The blue-chip Nifty 50 index closed 0.83% lower at 14,906.05 and the S&P BSE Sensex ended 0.68% lower at 49,564.86 after trading flat for most of the day. Most major sub-indexes closed in the red.
Metal stocks were the biggest drag during the session, with the Nifty metal index shedding 3.2%. It fell as much as 3.9% after China said it would strengthen its management of commodity supply and demand to curb unreasonable increases in prices. [MET/L]