Bosch's Q2 net profit dropped 42%, but revenue rose 6.4% amid plans for tech investments.

Bosch Ltd., an Indian subsidiary of the German tech giant, reported a 42% drop in net profit to Rs 535.9 crore in the second quarter of 2024-25. Despite this, revenue rose by 6.4% to Rs 4,394 crore, driven by higher sales in passenger cars and off-highway sectors. Bosch expects demand to remain strong in the next quarter due to the festive period and plans to invest in advanced technologies. The company's shares fell 4.49% to Rs 33,394 on the BSE.

November 12, 2024
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