Bosch Q3 net doubles to Rs 221 cr

Net sales during the period under review rose by 13% to Rs 2,697.89 cr

Auto component maker Bosch today said its standalone net profit has doubled to Rs 220.77 crore in the quarter ended December 31.

The company had posted a net profit of Rs 110.87 crore in the same period last fiscal, Bosch said in a BSE filing.

Net sales during the period under review rose by 13.27 per cent to Rs 2,697.89 crore as against Rs 2,381.64 crore in the same period a year ago.

Revenue from the automotive products stood at Rs 2,311.33 crore compared with Rs 2,064.99 crore, the company said, adding revenue from other business was at Rs 425.58 crore as against Rs 336.03 crore.

Bosch said its board has also approved in-principle transfer of the starter motors and generators business under the automotive products segment to a wholly-owned arm, Robert Bosch Starter Motors Generators Holding GmbH, which is being incorporated for a lumpsum consideration of Rs 486.2 crore.

Bosch Ltd shares were trading 5.29 per cent lower at Rs 16,080.00 on BSE during the pre-close session.