New Delhi, Feb 13 (PTI) Auto component maker Bosch Wednesday reported 19.34 per cent rise in standalone net profit at Rs 335.37 crore for the third quarter ended December 31, 2018.Also Read - Ravi Shastri Shares Valuable Tips For England Cricket MD Rob Key On How To Succed In His New Role, Says Similar To His Situation
The company had posed a standalone net profit of Rs 281.01 crore in the year-ago quarter, Bosch said in a regulatory filing. Also Read - SEBI Makes It Voluntary For Listed Companies To Separate Roles Of Chairperson, MD
Total income during the period under review stood at Rs 3,274.12 crore as compared to Rs 3,174.18 crore in the same quarter last fiscal, it added. Also Read - Bengaluru Metro to Operate For Longer Hours From Today. Check New Timings & Other Details Here
Expenses in the third quarter were higher at Rs 2,784.22 crore as compared to Rs 2,751.27 crore in the same period a year ago.
Bosch said the board of directors of the company, at its meeting held Wednesday, approved appointment of Bhaskar Bhat as an independent director for a second term of five years with effect from April 1, 2019.
Similarly, the board also approved reappointment of Bernhard Steinruecke as an independent director for another term of five years with effect from April 1, 2019.
It also approved re-appointment of Andreas Wolf as Joint Managing Director of the company for a further period of three years with effect from March 1, 2019.
All these appointments will be subject to shareholders’ approval, the company added.
Shares of the company were trading 3.63 per cent lower at Rs 17,934.95 apiece against their previous close on BSE.
This is published unedited from the PTI feed.