Prospects of an impressive growth in revenue and margins triggered a rally in Bosch shares after a dull September quarter. Graphic by Subrata Jana/MintLast week, shares of Bosch Ltd, the Indian unit of German auto parts maker, suddenly rallied as investors blithely brushed aside two quarters of dim performance as mere blips. Yet, weak revenue dragged net profit down to Rs383 crore, which was half that of the previous year. With passenger and commercial vehicle demand set to rise in the next couple of years, Bosch is well poised to grow. However, one uncertainty is how the country’s focus on electric vehicles in India will impact Bosch, which mainly caters to fuel injection systems for vehicles.

Source: Mint December 04, 2017 02:26 UTC