Bosch’s Q1 net rises 22%

Bosch has reported 22.39% rise in its net profit at Rs 335.82 crore for the first quarter ended March 31, 2012 as compared to Rs 274.39 crore for the same quarter last year.

The company’s total income has increased to Rs 2311.81 crore, up by 10.24% from Rs 2097.11 crore in the corresponding quarter previous year.

Bosch is India’s largest auto component manufacturer and also one of the largest Indo-German company in India. Bosch has a strong nationwide service network which spans across 1,000 towns and cities with over 4,000 authorized representations to ensure widespread availability of both products and services.