Bosch Q1 FY22 PAT turnaround to Rs260cr

The sales rose 146.44% to Rs2443.53cr in the quarter ended June 2021 as against Rs991.54cr during the previous quarter ended June 2020.

Aug 05, 2021 05:08 IST India Infoline News Service

Bosch Ltd
Bosch reported a net profit of Rs260.26cr in the quarter ended June 2021 as against a net loss of Rs121.46cr during the previous quarter ended June 2020.

The sales rose 146.44% to Rs2443.53cr in the quarter ended June 2021 as against Rs991.54cr during the previous quarter ended June 2020.

In terms of specific products, there was a substantial turnaround in the automotive components and other products. Auto components are linked to the auto cycle and auto demand has started rising once again and that has helped demand for Bosch.

Net margins for the Jun-21 quarter stood at 10.65% against 12.25% in the Jun-20 quarter and 15.02% in the Mar-21 quarter. Total transformation write-off was Rs744cr for a full year.

The stock ended at Rs14,880 down by Rs638.85 or 4.12% from its previous closing of Rs15,518.85 on the BSE. The scrip opened at Rs15,205 and has touched a high and low of Rs15,205 and Rs14,695 respectively.

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