Bosch Q3 profit rises 30 per cent to Rs 306.36 crore

Bosch, a supplier of automotive components and technology to original equipment manufacturers (OEMs), on Tuesday posted 30.78 per cent rise in net profit at Rs 306.36 crore for the quarter ended September.

The company had posted a net profit of Rs 234.25 crore in the July-September quarter of FY14, Bosch said in a filing to the Bombay Stock Exchange (BSE).

The company follows January-December fiscal. Its net income also increased 19.03 per cent to Rs 2,555.76 crore during the quarter under review as against Rs 2,147.09 crore during the corresponding quarter of previous fiscal.

Bosch shares were trading 0.53 per cent up at Rs 15,497 per scrip during afternoon session on the BSE.