Bosch India Q1 profit falls 37 percent to ₹702 crore

Bosch is a big company from Germany that makes parts for cars and trucks.

It has a branch in India called Bosch Limited.

Every three months, companies tell people how much money they made.

This time, Bosch India made less profit than the same time last year, by 37 percent.

That sounds bad, but there is a good reason.

Last year, Bosch sold one of its businesses and got a lot of money from that one-time sale.

This year, there was no such extra money, so profit looks smaller.

In fact, the company's normal business is growing.

It sold more car parts and two-wheeler parts than before.

Bosch is also buying other companies to make even better and safer car parts in the future.