Bosch's Profit Plunge Amid Market Challenges

Bosch's net profit fell 46% to Rs 536 crore in the September 2024 quarter. Revenue grew to Rs 4,394 crore. Despite market challenges, Bosch's managing director emphasized adaptability and future growth opportunities in high-demand segments. The company aims to innovate in response to evolving market demands.

In a challenging quarter for the automotive components sector, Bosch reported a 46% decline in consolidated net profit, reaching Rs 536 crore for the September 2024 quarter, a significant drop from Rs 1,000 crore a year earlier.

This decline comes despite a rise in revenue from operations, which increased to Rs 4,394 crore compared to Rs 4,130 crore for the same period last year, as detailed in Bosch Ltd's regulatory filing.

Managing Director Guruprasad Mudlapur highlighted the company's strategic adaptability amid influencing factors like unpredictable rainfall and economic pressures, emphasizing investments in advanced tech and localization to enhance growth in response to changing market needs.

(With inputs from agencies.)