NEW DELHI: Bosch, the leading auto component maker, has gained 6 times in the fourth quarter.
The company told the stock exchange on Thursday: The company earned a total net profit of Rs 482 crore in the fourth quarter from January to March 2021. This is mainly due to the excellent increase in sales. It may be noted that the net profit earned in the previous quarter of fy 2020 was 6 times higher compared to Rs 81 crore.
Revenue increased from Rs 2,237 crore to Rs 3,218 crore in the fourth quarter. The company’s overall net profit has come down from Rs 650 crore to Rs 481 crore in the full financial year 2020-21. The revenue generated through operations has come down from Rs 9,842 crore to Rs 9,716 crore.
The company has achieved this sale in April and May 2020 despite all the challenges, despite the zero sales. This is mainly due to the excellent development of tractor industry in the agriculture sector .
Bosch told the stock exchange that the company’s operating committee has recommended a dividend of Rs.115 for each share of Rs.10 face value for the financial year ended 31st Mar 2021.
Bosch’s share price increased by 7.05 per cent to Rs 15,838.15 at the Bombay Stock Exchange on Thursday.