BENGALURU, Feb 13 Reuters Bosch, the Indian arm of German automotive supplier Robert Bosch GmbH, reported a 62.5 climb in thirdquarter profit on Tuesday, buoyed by strong demand for its automotive parts.

The company39;s net profit rose yearonyear to 5.18 billion rupees 62.4 million in the three months to Dec. 31.

Bosch makes auto parts such as braking systems and batteries, and also has a powertrain business that provides exhaust gas treatment components.

The auto components and train businesses are clubbed under what the company calls automotive products, which accounts for more than 86 of total revenue.

Demand for auto parts shot up as vehicle production jumped 21 yearonyear in the quarter, according to data from industry body Society of Indian Automobile Manufacturers.

As a result, revenue from the automotive products segment climbed almost 13, driving total revenue up almost 15 to 42.05 billion rupees.

This helped outpace the company39;s 11 rise in total expenses. Raw material costs jumped 16 as the global prices of some metals, including steel, rose in the quarter on aggressive demand from China.

The company also had a onetime item of 588 million rupees in the quarter as a reversed provision relating to regulatory changes for some emission rules in India.

Its profit before exceptional items and taxes rose 44 yearonyear.

1 82.9870 Indian rupees

Reporting by Varun Vyas in Bengaluru; Editing by Janane Venkatraman

Source Reuters