Hindustan Times ST (Jaipur)

Bosch Q3 net profit rises 19.34% to ₹335.37 crore

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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. Bosch said the board of directors of the company approved appointmen­t of Bhaskar Bhat as an independen­t director for a second term of five years with effect from April 1, 2019. The board also approved reappointm­ent of Bernhard Steinrueck­e as an independen­t director for another term of five years, effective April 1, 2019.

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