Bosch net down 11.6 percent in Q4

The Indian subsidiary of German automotive major Bosch Ltd posted a net profit of Rs.288 crore for the fourth quarter of extended fiscal 2014-15, registering decline of 11 percent from Rs.326 crore in like period of 2013-14.

In a regulatory filing to the Bombay Stock Exchange on Friday, the firm said its total income for Q4 also declined marginally 2.5 percent to Rs.2,522 crore from Rs.2,587 crore in the same period year ago.

For the 15-month extended financial year (January 2014-March 2015), the auto component maker posted net profit of Rs.1,338 crore and income of Rs.12,651 crore.

"As the board on June 5, 2014 approved change of financial year to commence from April-March every year in place of calandar year (January-December), the current financial period will be for 15 months -- from January 1, 2014 to March 31, 2015. Hence the 15-month figures are not comparable to those of the previous period," the company said in the statement.