Bosch Limited has registered a net sales growth of 10 % in the first quarter of 2012 compared with the same period last year despite a sluggish economy, a noticeable slowdown in the automotive industry and
continuing challenges in the export market mainly in Europe.
Net sales and income from operations stood at Rs. 2,267.5 crores in this quarter; resulting a subdued growth mainly on account of lower sales in commercial vehicle and tractor segments. The Diesel Systems business has witnessed relatively lower growth of 3.8% compared to the same period last year due to decline in the tractor market and de-growth in export market. The Starter and Generator business posted an impressive growth of 75%. The introduction of new base line alternators in the second half of 2011 for
inland and export customers enabled the division to post higher growth. The Automotive Aftermarket and Power Tools division have continued with healthy double digit growth of 13 % and 15 % respectively compared with the same period last year. The Packaging division has grown by 61% due to higher export projects executed in this quarter, and Security Technology division posted a growth of 20 %. Exports sales registered a slow growth of 3.3% in this period as compared to same period of 2011, due to weak demand in the European region.
Announcing the company’s financial results, Mr. V. K. Viswanathan, Managing Director, Bosch Limited, said “the business conditions are quite challenging particularly for the auto industry due to varying
levels of performance in different segments. The prediction of normal monsoon combined with expectation of falling inflation and declining interest rates, give us reasonable optimism for satisfactory
performance of the company in 2012”. Despite the negative impact of sharp rupee depreciation, Profit Before Tax grew by 19%, compared to same period last year, primarily due to better
cost management and higher treasury income. Profit After Tax at Rs. 336 crores registered a strong increase of 22.4 % compared to the same period last year, reflecting another quarter of solid performance.
About Bosch
The Bosch Group is a leading global supplier of technology and services. According to preliminary figures, more than 300,000 associates generated sales of 51.4 billion euros in the areas of automotive and industrial technology, consumer goods, and building technology in fiscal 2011. The Bosch Group comprises Robert Bosch GmbH and its more than 350 subsidiaries and regional companies in some 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spent more than 4 billion euros for research and development in 2011, and applied for over 4,100 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both
innovative and beneficial.
About Bosch in India
In India, Bosch is a leading supplier of technology and services in the areas of
automotive and industrial technology, consumer goods and building technology.
Additionally, Bosch also has in India, the largest development centre, outside
Germany, for end to end engineering and technology solutions. The Bosch Group
operates in India through six companies, viz, Bosch Limited, Bosch Chassis
Systems India Limited, Bosch Rexroth India Limited, Robert Bosch Engineering
and Business Solutions Limited, Bosch Automotive Electronics India Pvt Ltd,
Bosch Electrical Drives India Pvt Ltd.. In India, Bosch set up its manufacturing
operation in 1953, which has grown over the years to include 13 manufacturing
sites and 7 development and application centers. Bosch Group in India employs
over 25,000 associates. In India it generated consolidated revenue of over
Rs. 11,300 crores in 2011.
In India Bosch Limited is the flagship company of the Bosch Group. It
earned a revenue of over Rs 8000 crores in 2011.
Sourced From :Genesis Burson-Maresteller
