New Delhi, November 12: Auto components firm Bosch on Tuesday said its consolidated net profit declined 46 per cent on-year to Rs 536 crore in the September 2024 quarter. The company reported a net profit of Rs 1,000 crore in the July-September quarter of last fiscal. Revenue from operations increased to Rs 4,394 crore in the second quarter as compared with Rs 4,130 crore in the year-ago period, Bosch Ltd said in a regulatory filing. Britannia Shares Slump Over 7% As Food Product Company Reports 9.36% Drop in Net Profit in Q2 Earnings.

"Despite unpredictable rainfall and several macroeconomic factors affecting the automotive industry's overall performance this quarter, we showcased our capacity to adapt to changing market demands and provide high-quality solutions that align with our customers' needs," Bosch Ltd Managing Director Guruprasad Mudlapur said. Nykaa Reports 5% Decline in Net Profit to INR 12.97 Crore YoY During July-September Period.

The company anticipates sustained demand across segments driven by the festive period in the next quarter, he added. Coupled with investments in advanced technologies and a strong commitment to localisation, the company will continue to deepen its efforts in high-growth areas and develop further capabilities to cater to an ever-evolving mobility landscape, Mudlapur noted.

Shares of the company settled 4.49 per cent down at Rs 33,394 apiece on the BSE.

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