Bangalore, November 9, 2016 – Bosch Limited, a leading supplier of technology and services, posted gross sales and income from operations of INR 2,738 crore in Quarter 2 of FY 2016-17, registering a 7.7 per cent increase over the same period of the previous year.

In this reporting period, Profit Before Tax (PBT) from continuing operations stood at INR 590 crore or 21.6 per cent of sales, an increase of 9.6 per cent. For the same period, Profit After Tax (PAT) from continuing operations was INR 423 crore, an increase of 10.8 percent over the same period of the previous year, standing at 15.4 per cent of sales. PAT improved due to higher sales volume, improved productivity and treasury income.

“Improved market sentiments, normal monsoon and the festive season have led to a strong quarter for the automotive market. For the quarter, Bosch Limited has registered a healthy growth in line with the market.” said Dr Steffen Berns, managing director of Bosch Limited and president of Bosch Group in India. “We continue to focus on operational efficiencies and productivity improvements. In addition we have continued augmenting our engineering capacities and competencies to work on the BS6 projects. We feel well prepared for the future emission legislation with our products, experience and testing infrastructure facilities,” he further elaborated.