Bosch ltd.(NSE: BOSCH) Ltd. : Q3 FY23 Results Out; Total Income rise 19% YoY

Bosch Ltd. (NSE: BOSCH) is a subsidiary of the German engineering and technology company Robert Bosch GmbH. The company operates in various business sectors, including automotive technology, industrial technology, consumer goods, and energy and building technology. Bosch India’s products and services range from automotive components and systems, power tools, and home appliances to security systems and software solutions. The company has a strong presence in India and operates manufacturing facilities, research and development centers, and sales offices across the country.

Bosch India Ltd. announced its Q3FY23 results, reporting a 17.7% increase in total revenue from operations compared to the same quarter in the previous year. Profit after tax stood at 8.7% of the total revenue from operations. The company declared an interim dividend of Rs 200 per share for FY22-23. Additionally, Bosch India was recognized as a Great Place to Work-Certified company for the third consecutive year. Despite the challenges posed by a potential global recession, the company’s revenue for the current quarter was in line with its estimated quarterly forecast. The managing director of Bosch India, Soumitra Bhattacharya, stated that the company will continue to focus on optimizing costs to deliver continued profitable growth and cash flows in the future.