Innovative solutions to ecological problems in focus.
The technology and services company, Bosch Ltd., has posted luminous growth rate figures for the fiscal year 201819. Presiding over the announcement in late May 2019 were Mr. Soumitra Bhattacharya, President, Bosch Group India, and Managing Director, Bosch Ltd., and Mr. Jan Oliver Roehrl, CTO, Bosch India Mobility Solutions, and Additional Director, Bosch Ltd.
Both took a keen interest in elucidating the major areas of transformation in the fast-evolving Indian mobility sector.
Mr. Bhattacharya shared: “The total revenue from operations stands at Rs. 12,258 crores for the fiscal year 201819 which is an increase of 4.9 percent over last financial year.”
Bosch’s total revenue from operations stood at 19.1 percent out of which the Profit Before Tax (PBT) grew by 14.7 percent to Rs. 2,341 crores.
He said: “The profit growth was driven mainly due to improved operational efficiency, investment income as well as one-time exceptional expense in the previous year. The Net Profit after Tax (PAT) increased by 16.6 percent to Rs. 1,598 crores in fiscal 2018-19.”
Bosch had made major investments last year to the tune of up to approximately Rs. 597 crores. In the last quarter of 2018-19, Bosch Ltd. posted total revenue of Rs. 2,749 crores from operations, thus registering a decrease of 12.9 percent compared to the same quarter of the previous fiscal year. The PBT for the last quarter of 2018-19 stood at Rs. 561 crores, 20.4 percent of total revenue from operations compared to 19.9 percent in the same quarter of the previous year. The decline in profit is mainly attributable to the lower sales volume in view of negative market sentiments and unfavorable development of exchange rates. PAT stood at 15 percent of total revenue from operations compared to 13.7 percent of the last quarter of the previous year.
Areas of transformation – the Bosch way
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