Bosch Reports Strong Results, Stock Up

Shares of Technology major Bosch Limited zoomed over 2.3 percent intraday trade on Thursday after company’s net profit widened in Q3-FY-2019.

Bosch Limited on Wednesday reported financial results for the third quarter Dec-31, 2018. The company posted total revenue from operations of Rs 3,096 crores in Quarter-3 of FY 2018-19, clocking 0.8 percent increase year on year. The Profit before Tax stood at Rs 490 crores, recording a rise of 15.8 percent year on year. The Net Profit after Tax or PAT stood at Rs 335 crores, mounting 19.3 percent yoy.

Reacting positively to this advancement in results, the stocks of Bosch Limited opened at Rs. 17988 per share against Wednesday’s close of Rs17,908.45  per share on the NSE. At 12.10 PM, the stock was trading at Rs 18334 per share, up by Rs. 425.55 or 2.38 percent and reached an intraday high of Rs18,503.00.  Meantime Sensex was down 122 pts at 35,911, while the Nifty declined 45 points at 10,748.