Bosch Q3 net profit rises 19.34% to ₹335.37 crore

NEW DELHI: Auto component maker Bosch on Wednesday reported 19.34% rise in standalone net profit at ₹335.37 crore for the third quarter ended December 31, 2018. The company had posted a stand-alone net profit of ₹281.01 crore in the year-ago quarter, Bosch said in a regulatory filing. Total income during the period under review stood at ₹3,274.12 crore as compared to ₹3,174.18 crore in the same quarter last fiscal, it added. Expenses in the third quarter were higher at ₹2,784.22 crore as compared to ₹2,751.27 crore in the same period a year ago. The board approved reappointment of Bernhard Steinruecke as an independent director for another term of five years.