Bosch reports 20% YoY fall in Q1 net profit; shares tumble

Shares of Bosch declined over 5 per cent after the company posted 20 per cent fall in net profit at Rs 302.61 crore for the quarter ended June 30, 2017. It had reported net profit of Rs 378.72 crore in the corresponding quarter last year.

The scrip was trading 5 per cent down at Rs 22411.45 around 2.05 pm (IST). Benchmark BSE Sensex was down 363.38 points, or 1.15 per cent, at 31,167.95.

Total income of the company increased to Rs 2959.97 crore during the quarter under review from Rs 2903.82 crore in the same period last year.

Shares of the company had hit their fresh 52-week high of Rs 25245.20 on June 19, 2017 and 52-week low of Rs 18005 on November 22, 2016.