Bosch reported net revenues of Rs.8,018 crore for the year ended December 31, 2011, up 19.7 per cent over the previous year. It reported a post-tax profit of Rs.1,122.60 crore, 30.7 per cent higher than in the previous year.
Announcing the results, V. K. Viswanathan, Managing Director, said the company was impacted by the slowdown in the automobile industry, especially in the second-half of calendar 2011. “High interest rates, coupled with high fuel prices have impacted the industry,” Mr. Viswanathan said.
Capex
The company invested Rs.658.70 crore in 2011, half of which was made in its fuel injector facility in Nashik. A further one-third of the capex was made in its Bangalore plant for its inline pump facility and for its research and development centre there.
Exports grew marginally faster than domestic sales, despite adverse foreign exchange situation, Mr. Viswanathan said.
“We plan to make capex investments of Rs.700 crore each in 2012 and 2013,” Mr. Viswanathan told The Hindu .
