Bangalore, Nov 12 : Indian subsidiary of German automotive major Bosch Ltd posted a net profit of Rs. 234 crore for the third quarter (July-September) of 2013, registering a 16 percent growth from the same period in 2012.
"Net sales and income from operations, however, grew marginally 3.6 percent year-on-year (YoY) to Rs. 2,104 crore during the quarter under review (Q3)," the city-based company said in a statement Tuesday.
Profit before tax rose 16 percent YoY to Rs. 324 crore.
Export revenue increased 20 percent YoY mainly due to rupee depreciation during the quarter.