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Bosch Shares Climb 10% After Its Stellar Q4FY21 Results, Company announces Rs.115 Dividend

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Shares of Bosch, an auto ancillary manufacturing company got a good boost post its stellar Q4 performance. The stock jumped to an intra-day high of Rs. 16250, a substantial 10 percent gain. On the previous day, the stock closed at Rs. 14780 per share on the NSE.

 

Bosch Shares Climb 10% After Q4 Results, Company announces Rs.115 Dividend

Talking about Bosch's financial performance i.e. an MNC it posted an income of Rs. 3335 crore, while expense stood at Rs. 2695 crore. Profit from before impact of tax rate has been Rs. 640 crore. Net profit at the firm has come in at Rs. 482 crore as against Rs. 187 crore in the previous quarter.

This is to inform you that the Board of Directors of Bosch Limited (the "Company") at their meeting held today i.e. May 20, 2021 have inter-alia: (i) Approved the Audited Financial Results (Standalone and Consolidated) for the year ended March 31, 2021 along with the Auditors' Report thereon; (copy attached) (ii) Recommended a Dividend of INR 115/- (Indian Rupee One Hundred and Fifteen only) per equity share of IN R 10 each, for the financial year ended March 31, 2021; said the company in its BSE filing.

EPS at the firm has improved sequentially and came in at 163.4 versus 63 in the previous quarter, indicating the improved demand in the company's product over the last quarer.

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