Bosch Q4 net profit jumps 5x to Rs 483 crore
Published On: Thursday, May 20, 2021 | By: Team KnowMyStock
Shares of Bosch gained 9 percent to Rs 16250 after Company posted a standalone net profit of Rs 482 crore in the January-March quarter (Q4FY21), up nearly 5 times from Rs 81 crore logged in the year-ago period. Total revenue of Bosch's Mobility Solutions Business sector increased by 56.6 percent in the quarter ending on March 31, 2021. The total revenue of the Powertrain Solutions division increased by 65.6 percent. Its revenue from operations, meanwhile, came in at Rs 3,217 crore for the quarter ending March 31, 2021, an increase of 44 percent from the revenue of Rs 223,6 crore clocked in the same quarter last year. The company announced a dividend of Rs 115 per share for the financial year 2020-21. The company said it has seen a significant increase in demand from the agriculture sector, mainly tractor business. It has also seen growth in the power tools segment, especially in construction and e-commerce.
“The second wave is more severe, there is a clear uncertainty in the market. With 80 percent of our revenues driven through mobility business, we have been affected adversely. The challenge will be to manage the fluctuating demand, supply chain crisis and changing consumer behavior all at once,” said Soumitra Bhattacharya, Managing Director, Bosch Ltd and President of Bosch India.
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