Bosch Limited Drives Profits: Q4 FY24 Results Show Impressive Growth!🚀
Bosch Limited, the auto components maker, reported impressive stunning results for the fourth quarter of fiscal year 2024.
The company's net profit surged 42% year-on-year to Rs 564 crore, compared to Rs 399 crore in the same period last year.
The strong performance was driven by increased demand for passenger cars and consumer goods products. Bosch's revenue from operations grew by 4.2% YoY to Rs 4,459 crore in Q4FY24, up from Rs 4,199 crore in the year-ago quarter.
For the full financial year, Bosch's net profit witnessed a nearly 75% jump to Rs 2,490 crore, while revenue rose to Rs 17,449 crore. The company's board has recommended a final dividend of Rs 170 per share for the year.
Despite industry challenges, Bosch Managing Director Guruprasad Mudlapur attributed the company's strong performance to increased demand for passenger cars and consumer goods.
On May 27, Bosch's shares surged over 4% to hit a fresh 52-week high of Rs 32,229 on the NSE. The stock has rallied 45% in the last six months.
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2moAmazing strides, great news. Proud to be associated with progressive group.