The fall in profits was clearly led by a slowdown in the automotive sector. Net profit fell over 80% to Rs.81 crore while total revenues fell by 18% to Rs.2237 crore. It also provided Rs.297 crore for asset impairment due to upgrade in emission norms to BS-VI standards. Bosch also made a provision of Rs.717 crore towards restructuring initiatives.
The fall in profits was clearly led by a slowdown in the automotive sector. Net profit fell over 80% to Rs.81 crore while total revenues fell by 18% to Rs.2237 crore. It also provided Rs.297 crore for asset impairment due to upgrade in emission norms to BS-VI standards. Bosch also made a provision of Rs.717 crore towards restructuring initiatives.