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Bosch Limited posted gross sales and income from operations of INR 2,811 crores in Quarter 3 of financial year 2016-17, registering a 7.2 percent increase over the same period of the previous year.

In this reporting period, Profit Before Tax (PBT) from continuing operations stood at INR 299 crores or 10.6 percent of sales. For the same period, Profit After Tax (PAT) from continuing operations stood at INR 215 crores, a decrease of 23.5 percent over the same period of the previous year. PAT declined due to factors such as, decreased domestic demand, front-ended CSR expenses, cost of restructuring and higher depreciation.

"India's overall auto production in the country grew by 1.4 percent as compared to the previous year (PY). In this context, Bosch Limited grew by 7.2 percent as compared to PY. Growth was driven by good developments in the tractor and heavy commercial vehicle market segments. Sales was influenced by the Indian automotive market which was impacted by the demonetization in the last quarter, especially in December." said Soumitra Bhattacharya, MD of Bosch Limited and President of Bosch Group in India.

"We are well prepared for the changeover to BS4 in April, as well as for the transition to BS6 emission legislation with our products, experience and testing infrastructure facilities. We are working closely with our customers on BS6 projects. That apart, by focusing on strategic topics focusing on operational efficiencies and productivity improvements we will continue to remain fit for the future," he further elaborated.

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