The Hindu Business Line : Bosch net down 24% in Q4

Auto parts maker Bosch on Wednesday said its net profit from its Indian operations for the fourth quarter of 2008 declined 24.26 per cent to Rs 94.22 crore. In a statement to the BSE, Bosch said total income too, declined 15.47 per cent to Rs 1,046.15 crore during the fourth quarter. For the entire fiscal which is calendar year, 2008, net profit, however, grew 4 per cent to Rs 633.86 crore, while the total income grew 6.13 per cent to Rs 4,763.31 crore. During the fourth quarter, revenues from auto products decreased nearly 17 per cent to Rs 854.83 crore, while revenues from non-auto segment grew 33.12 per cent to Rs 142.84 crore. Profit from the auto segment declined nearly 46 per cent to Rs 93.88 crore but it incurred a loss of about 5.84 crore from nonauto segment of the business. - Our Bureau

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