Bosch Q4 net profit down 80% at Rs 81 cr; says results in line with downward trend in automotive industry

Bosch Q4 net profit down 80% at Rs 81 cr; says results in line with downward trend in automotive industry

New Delhi: Auto components major Bosch Ltd on Friday reported a 80.29 percent decline in consolidated net profit at Rs 81.14 crore in the fourth quarter ended 31 March 2020 due to a provision for restructuring and transformational projects, besides market slowdown and the impact of coronavirus pandemic in the last few days of the quarter. The company, which posted a consolidated net profit of Rs 411.70 crore in the year-ago quarter, said it is reducing planned capex by up to 50 percent for the ongoing fiscal due to the coronavirus pandemic.

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