Moneycontrol
Nov 10, 2017 12:16 PM IST | Source: Moneycontrol.com

Bosch tumbles 8% on weak Q2 numbers

The company has registered 16.5 percent decline in its Q2 net profit at Rs 353.3 crore against Rs 423 crore, in a year ago period.

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Share price of Bosch tumbled 8.5 percent intraday Friday as it has reported dismal numbers in the quarter ended September 2017 (Q2FY18).

The company has registered 16.5 percent decline in its Q2 net profit at Rs 353.3 crore against Rs 423 crore, in a year ago period.

Meanwhile, revenue was up 6.8 percent at Rs 2,812 crore against Rs 2,633.3 crore.

The company's operating profit (EBITDA) rose 3.4 percent at Rs 507.3 crore and EBITDA margin was down at 18.1 percent.

The share touched its 52-week high Rs 25,245.20 and 52-week low Rs 18,710 on 19 June, 2017 and 22 November, 2016, respectively. Currently, it is trading 18.8 percent below its 52-week high and 9.57 percent above its 52-week low.

The share has slipped 14.4 percent in the last 3 months.

At 12:12 hrs Bosch was quoting at Rs 20,500, down Rs 603, or 2.86 percent on the BSE.

Posted by Rakesh Patil
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