Bosch net up 19-pc in Q2, Stock falls

Leading technology and services supplier Bosch Limited on Monday reported Rs 420 crore standalone net profit for the Q2FY 2018-19, clocking 18.9% annual growth from Rs 353 crore, Year-on-Year. Total revenue from operations of Rs. 3,201 crores in Quarter 2 of FY 2018-19, registering 13.8% increase over the same period, Year-on-Year

Apart from the result, the company has approved a share buyback of 10,28,100 equity shares of Rs 10 face value on a proportionate basis at an offer price of Rs 21,000 share apiece, of Rs 2,159 crore after the approval of shareholders.

In spite of strong earnings, share price of Bosch Ltd, trade lower Rs. 98.25 or 0.51 percent at Rs.19310 on the NSE during post lunch hours of trade, on Tuesday. The stock opened at Rs. 19450 and it touched a high and low of Rs. 19621 and Rs. 19301, intraday.