Bosch registers 7.2percent growth in gross sales and income
Bosch posted gross sales and income from operations of Rs 2,811 crore in Quarter 3 of financial year 2016-17, registering a 7.2 per cent increase over the same period of the previous year. In this reporting period, Profit Before Tax (PBT) from continuing operations stood at Rs 299 crore or 10.6 per cent of sales. For the same period, Profit After Tax (PAT) from continuing operations stood at Rs 215 crore, a decrease of 23.5 per cent 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.