Bosch India Profit Rises 22 Percent
Bosch India reported a nearly 22 percent increase in second-quarter net profit, driven by strong demand for automotive components. Revenue from operations also rose significantly during the quarter.
Insights:
Bosch's unit in India posted a 22% rise in second-quarter net profit, reaching 6.75 billion rupees ($71.69 million) on Friday morning. The Bengaluru-based automotive supplier benefited from robust component demand during the festive period. Revenue climbed 29% to 61.64 billion rupees compared to the same period a year earlier.
