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Bosch spurts after strong Q4 result

Bosch rose 7.51% to Rs 15,906.55 after the company posted a net profit of Rs 481.95 crore in Q4 FY21, steeply higher than net profit of Rs 81.14 crore in Q4 FY20.Revenue from operations increased by 43.77% to Rs 3,215.87 crore in Q4 FY21 over Q4 FY20. Profit before tax (PBT) from continuing operations stood at Rs 639.99 crore in Q4 FY21, steeply higher than Rs 64.1 crore posted in Q4 FY20. On a consolidated basis, the company reported a 26% fall in net profit to Rs 480.70 crore for the year ended March 2021 (FY21) compared to Rs 649.82 crore registered in the year ended March 2020 (FY20). Net sales declined 1.27% to Rs 9,716.23 crore in FY21 over FY20.

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