MICO Q1 net falls 18 pct, buys unit - BSE

Newswire

BOMBAY, April 27 (Reuters) - India's Motor Industries Co. Ltd. said on Wednesday its first quarter net profit fell 18 percent to 917.4 million rupees from 1.12 billion rupees a year ago. Its total income rose 15 percent to 6.62 billion rupees from 5.77 billion rupees a year ago. The company also said it had acquired the petrol injection business of Robert Bosch India Ltd. [ROBG.UL] for 153.25 million rupees.

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