BENGALURU, May 24 Reuters Bosch, the Indian arm of German automotive supplier Robert Bosch GmbH, reported a 41.5 climb in fourthquarter profit on Friday, helped by better demand for its automotive products and consumer goods.

Net profit rose to 5.65 billion rupees 67.99 million in the quarter ended March 31 from 3.99 billion rupees a year earlier for the company, which makes auto parts and accessories for cars, two wheelers and railways among others.

India39;s total vehicle production during the JanuaryMarch period rose over 21, which in turn also helped expand the auto parts demand.

The resilient uptick in revenue in the year was fuelled by increased demand for passenger cars and consumer goods product segment, company said in a statement.

Revenue from operations grew 4.2 to 42.33 billion rupees, pushed up by 2.8 rise in the moneymaker automotive products segment, while smaller consumer goods segment grew 10.1.

Total expenses rose 3.6 in the quarter.

Shares of Bosch closed down 0.1 ahead of results, while it had gained 38.9 in the year so far.

1 83.1000 Indian rupees

Reporting by Meenakshi Maidas in Bengaluru; Editing by Nivedita Bhattacharjee

Source Reuters