Bosch Ltd has registered 22.38 per cent higher net profit of Rs 335.82 crore for the first quarter ended March 31, 2012, compared with Rs 274.39 crore for the same period the previous year.
Revenues also went up 10.23 per cent to Rs 2,311.81 crore for the quarter ended March 31, 2012, against Rs 2,097.11 crore in the same period the previous year.
Mr V.K. Viswanathan, Managing Director, Bosch Ltd, said: “The business conditions are quite challenging particularly for the auto industry due to varying levels of performance in different segments. The prediction of normal monsoon combined with expectation of falling inflation and declining interest rates, give us reasonable optimism for satisfactory performance of the company in 2012."