Auto components maker Bosch on Tuesday said its consolidated profit after tax rose 14 per cent to Rs 466 crore for the first quarter ended June 30, 2024.
The company had reported a profit after tax of Rs 409 crore in the April-June quarter of last fiscal.
Total income rose to Rs 4,496 crore for the period under review as compared with Rs 4,346 crore in the year-ago period, Bosch Ltd said in a regulatory filing.
"The financial year commenced with moderate growth in the automotive market despite the challenges of a high base from the previous year, a slowdown related to elections and the summer heatwaves," Bosch Ltd Managing Director Guruprasad Mudlapur said.
Continued demand in the passenger car segment, coupled with growth in production and wholesale, resulted in growth for the company in the first quarter, he added.
"However, retail sales have remained sluggish leading to a rise in the pipeline inventory. Despite the challenges, the overall sentiment in the automotive sector rema
