A total of five drills worth a total of $2,2 billion have been sold by the Bosch Group for the 2018-2019 fiscal year, the company said on Friday.
The four most recent sales came after the company reported first-quarter profit of Rs2,943 crore ($1.3 billion).
The five new sales represent an increase of $1.5 billion over the previous year, while the sales of the previous four were down significantly.
The Bosch 12V tools for which the first two sales came were the largest in the group, valued at $1,097 million each.
These include the new 12V, 12V-L and 12V -L-Series Drillbit tools.
The company’s annual profit was Rs9,944 crore for the fiscal year ending March 31, 2018.
This compares with a loss of Rs1,921 crore for this period a year ago.
The company’s operating profit for the previous fiscal year stood at Rs1.4 billion.
It has also reported revenue of $7.2 million in the three months ended March 31.
The new Bosch drills were designed and produced by Bosch for the Boschi-based company’s customers including the United Arab Emirates, Germany, South Africa and South Korea.
The drills have been marketed by Bosches partners and distributors.
The new models are the most powerful of the group.
The 12V and 12-V-B drill bits are designed to drill in depths up to 8 metres.
They are available in the form of a hammer drill for drilling in rough or smooth ground, and a drill bit for drilling into soft, fine or hard surfaces.
The drill bit also comes with a range of other features.
Bosch has the biggest market share of the Bosches drill bit brand, with around 10% of the total drill bits sold in India in the fiscal.
Bosch also has the world’s largest production capacity for the 12V drill bit.
The 12V tool has been sold to Bosch in countries including China, the United Kingdom, Germany and South Africa.
The latest Bosch tools were made in India and China.BOSCH’s profit for last fiscal was Rs1 lakh crore.
The profit of the year ended March was Rs13,919 crore.