Bosch Q4 net profit dips 5% to Rs 411.70 cr on slump in automotive market

Bosch's mobility solutions business segment witnessed 3.3% increase in revenue in FY19

Global auto component maker Bosch on Tuesday reported a 5.09 per cent decline in its net profit at Rs 411.70 crore for the fourth quarter ended March 31 as a slump in the automobile market led to lower sales volume, impacting the company's bottom line. In Q4FY19, the revenue from operations stood at Rs 2,749.15 crore, a drop of around 13 per cent as compared to the same period of previous financial year.

During the last financial year, Bosch's net profit increased by 16.6 per cent to Rs 1,598 crore, while its revenue rose around 5 per cent to Rs 12,258