Bosch announced that Prasad Chandran, Independent Director, has tendered his resignation from the Board of the Company with effect from the close of business hours on 01 September 2017.

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Net profit of Bosch declined 20.10% to Rs 302.61 crore in the quarter ended June 2017 as against Rs 378.72 crore during the previous quarter ended June 2016. Sales rose 4.54% to Rs 2588.26 crore in the quarter ended June 2017 as against Rs 2475.95 crore during the previous quarter ended June 2016.

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The result was announced during market hours today, 11 August 2017.

Meanwhile, the S&P BSE Sensex was down 372.40 points or 1.18% at 31,158.93.

On the BSE, 1,454 shares were traded on the counter so far as against the average daily volumes of 2,419 shares in the past one quarter. The stock had hit a high of Rs 23,456.35 and a low of Rs 22,291.35 so far during the day. The stock had hit a 52-week high of Rs 25,649.95 on 10 August 2016 and a 52-week low of Rs 18,005 on 22 November 2016.

The stock had underperformed the market over the past one month till 10 August 2017, sliding 1.04% compared with the Sensex's 0.58% fall. The stock had also underperformed the market over the past one quarter, gaining 1.76% as against the Sensex's 4.24% rise. The scrip had also underperformed the market over the past one year, sliding 5.59% as against the Sensex's 13.52% rise.

The large-cap company has equity capital of Rs 30.52 crore. Face value per share is Rs 10.

In India, Bosch is a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology. Bosch is the flagship company of the Bosch Group in India.

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Bosch will hold a meeting of the Board of Directors of the Company on 11 August 2017.

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