Read more about Bosch reports nearly 5x rise in Q4 net profit at Rs 482 crore on Business Standard. The company announced a dividend of Rs 115 per share for the financial year 2020-21
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
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