InvestorQ : How did Bosch report such a sharp growth in profits in the Mar-21 quarter?
Niti Shenoi made post

How did Bosch report such a sharp growth in profits in the Mar-21 quarter?

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ishika Banerjee answered.
4 weeks ago
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Bosch Q4 PAT grew by almost 500% to Rs.483 crore in Mar-21 quarter. Total revenues were up 43.8% yoy at Rs.3,216 crore. Sales growth was triggered by strong auto demand on pent-up demand and festive season lag effect. Bosch took an exceptional provision of Rs.297 crore towards restructuring costs for a bigger focus on the EV line. Net profit margins were at 15.02% and Bosch declared full year dividends of Rs.115 per share.

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