Bosch posts marginal drop in net profit, plans capex of Rs 15 bn in 3 yrs

One-off expense towards gratuity drags Q4 profit down, sales volume up on demand uptick in domestic auto sector

Auto component major Bosch Ltd on Tuesday posted a marginal decline in its net profit for the fourth quarter ended 31 March, 2018 due to a one-off expense but witnessed higher sales volume on the back of demand uptick in the domestic automobile sector.

The multinational engineering firm also said it would invest around Rs 15 billion in the next three years as part of its capital expenditure plan mostly for development of new products.    

In the March quarter, the firm’s standalone net profit dipped by 1.51 per cent to Rs 4.34 billion against Rs 4.40 billion