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Bosch registers growth of 1.4 per cent in 2013

Bosch registers growth of 1.4 per cent in 2013

Snapshot: Net sales & income from operations stood at Rs 8,641 crores in 2013.

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Bosch Limited has announced a growth of 1.4 per cent in 2013 to Rs 8,641 crores over previous year in terms of net sales and income from operations for the year ending December 31, 2013. Profit Before Tax (PBT) was at Rs 1,257 crores, while Profit After Tax (PAT) stood at Rs 85 crores. Exports on the other hand, is reported to have grown by 12.5 per cent to Rs 1,058 crore over 2012. 

Announcing the company's financial results, Dr. Steffen Berns, managing director of Bosch Limited said, “The prolonged slowdown of the automotive industry in 2013 coupled with weak consumer demand has impacted the overall industry as well as our growth. Our non-automotive business has been doing very well with its share increasing steadily as we continue to expand our operations in this sphere.” Adding further, he elaborated, “Our cumulative measures on cost control throughout this year helped us to limit the decline in profitability despite the un-utilized capacity.” In view of the company’s results, the Board of Directors recommended a dividend of Rs. 55 per share for 2013.

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