Bosch posts 23% fall in net profit in Jan-Mar

The net income during January-March quarter also went down by 3.8% to Rs 2,207 cr

Auto components maker Bosch today reported 22.65% decline in its net profit for the quarter ended March 31 at Rs 259.77 crore.

The company had posted a net profit of Rs 335.82 crore in the corresponding period last year, Bosch said in a filing to the BSE.

The net income during January-March quarter also went down by 3.82% to Rs 2,207.45 crore from Rs 2,295.14 crore in the year-ago period, it added.

Shares of Bosch today closed trading 0.37% down at Rs 8,994.55 apiece on BSE.