Bosch Q4 net rises 33% to Rs 210 cr

Auto component maker Bosch today said its net profit grew 33.08% to Rs 210.53 crore in the fourth quarter ended December 31, 2010 over the corresponding period a year ago.

The company's net profit stood at Rs 158.19 crore in the same quarter last fiscal, Bosch said in a filing with the Bombay Stock Exchange.

Total income of the company rose to Rs 1,900.35 crore in the quarter under review from Rs 1,479.23 crore during the same period previous year, it said.

For the 12-month period ended December 31, 2010, the company's net profit increased to Rs 858.90 crore from Rs 590.65 crore in quarter ended December 2009, it said.

Total income of the firm jumped up to Rs 6,971 crore in the year ended December 31, 2010 from Rs 5,149.03 crore in the last fiscal.

The board of directors recommended a dividend of Rs 40 per share for the year ended December 31, 2010. The dividend payment, however, is subject to final clearance from the shareholders and regulatory authorities, the board said at a meeting held on Monday.

The share transfer books of the company would remain closed from May 14 to May 26 for the purpose of payment of dividend, it said.

The annual general meeting (AGM) of the shareholders would be held on June 1.

Shares of the company closed Rs 5,985, down 0.55% from the previous close on the BSE.