Bosch posts 5.7 per cent growth in net sales, income
Bosch posted net sales and income from operations of Rs 2,598 crore in Q2 of the financial year 2015-16, registering a 5.7 per cent increase over the comparable period of the previous year. Operating profit increased by 9.4 per cent which is attributed to reduced commodity prices, lower inflation, tight control on expenses and focus on operational efficiency. Profit Before Tax (PBT) increased marginally by 0.5 per cent to Rs 460 crore, because of the effect of reduced profit on sale of financial investments, triggered by a change in the rule governing indexation benefits on mutual funds announced in Union Budget 2014. Profit After Tax (PAT) accordingly stood at Rs 305 crore, a marginal decline of 0.3 per cent, mainly on account of an increase in the corporate tax rate announced in the Union Budget 2015.

Overall, the Mobility Solutions business sector of Bosch grew by 5.2 per cent in the quarter July-September 2015 over the corresponding quarter of 2014. Bosch's business divisions beyond the Mobility Solutions sector registered an overall growth of 9.7 per cent ? especially the Power Tools business, Energy business and Packaging Technology grew strongly.