Technology and services company Bosch Ltd on Monday reported a 36.8 per cent decline in consolidated net profit to Rs 704.9 crore in the first quarter ended June 30, impacted by a high base effect.
The company had posted a consolidated net profit of Rs 1,115.3 crore in the corresponding quarter of the last fiscal, Bosch Ltd said in a regulatory filing.
In the first quarter of the last fiscal, the company had recognised a total gain of Rs 556 crore on sale of its video solutions, access and intrusion, and communication systems business, it added.
Its consolidated revenue from operations in the first quarter stood at Rs 5,841.9 crore against Rs 4,788.6 crore in the same period a year ago, the company said.
Total expenses in the quarter under review were higher at Rs 5,125.8 crore compared to Rs 4,238.8 crore in the year-ago period, it added.
“Our business performance in the first quarter is driven by sustained demand across segments, particularly in passenger cars and commercial …
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