Bosch Home Comfort Q1 Results: Net Profit Rises 49% YoY; EBITDA at ₹409M
Bosch Home Comfort reported a 49% YoY rise in Q1 net profit to ₹227.9 million, with revenue from operations growing 28.5% to ₹10,955.2 million. EBITDA improved to ₹409 million from ₹364 million year-on-year, though EBITDA margin contracted to 3.73% from 4.27%. The Cooling Products segment remained the primary revenue driver, contributing ₹10,747.7 million to segment revenue.

*this image is generated using AI for illustrative purposes only.
Bosch Home Comfort reported a net profit of ₹227.9 million for the quarter ended June 30, 2026, marking a 49% increase from ₹152.5 million in the corresponding period of the prior year. The company's revenue from operations rose 28.5% year-on-year to ₹10,955.2 million, driven primarily by strong performance in its core cooling products business. EBITDA for the quarter stood at ₹409 million compared to ₹364 million in the same period last year, while EBITDA margin contracted to 3.73% from 4.27% year-on-year. This result follows a challenging prior fiscal year where the company posted a net loss of ₹28.6 million, signaling a return to profitability in the current fiscal year.
The Board of Directors approved the unaudited financial results on August 6, 2026, in compliance with Regulation 33(3) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s. S R B C & CO LLP, issued a limited review report on the results. Additionally, the Board approved the re-appointment of S R B C & CO LLP as Statutory Auditors for a term of four years, subject to shareholder approval at the Annual General Meeting (AGM) scheduled for September 22, 2026. The company also re-appointed M/s SPANJ & Associates as Secretarial Auditors for five years starting April 1, 2026.
Financial Performance
Revenue from operations stood at ₹10,955.2 million in Q1FY27, compared to ₹8,526.3 million in Q1FY26. Other income increased to ₹58.1 million from ₹53.0 million in the prior year period. Total income for the quarter was ₹11,013.3 million. Total expenses were ₹10,696.4 million, including cost of materials consumed at ₹5,803.2 million and employee benefits expense of ₹634.2 million. Profit before tax was ₹316.9 million, with total tax expenses amounting to ₹89.0 million. The table below summarises the key financial metrics for the quarter:
| Particulars: | Q1FY27 (₹ mn) | Q1FY26 (₹ mn) | Change (%) |
|---|---|---|---|
| Revenue from Operations: | 10,955.2 | 8,526.3 | 28.5 |
| Other Income: | 58.1 | 53.0 | 9.6 |
| Total Income: | 11,013.3 | 8,579.3 | 28.4 |
| Total Expenses: | 10,696.4 | 8,334.4 | 28.3 |
| EBITDA: | 409 | 364 | — |
| EBITDA Margin (%): | 3.73 | 4.27 | — |
| Profit Before Tax: | 316.9 | 211.9 | 49.5 |
| Tax Expenses: | 89.0 | 59.4 | 50.0 |
| Net Profit: | 227.9 | 152.5 | 49.4 |
Segment Analysis
The Cooling Products segment contributed ₹10,747.7 million to segment revenue, up from ₹8,375.9 million in Q1FY26. Earnings before interest and tax (EBIT) for this segment was ₹301.8 million, compared to ₹235.9 million in the previous year. The Design and Development Services segment generated ₹315.0 million in revenue with an EBIT of ₹34.6 million. Inter-segment revenue was ₹107.5 million.
What the Numbers Show
The significant improvement in net profit is largely operational, as there were no exceptional items impacting the current quarter's bottom line, unlike the prior year which included severance pay expenses. The company noted that the air conditioning business is seasonal, with major demand generated in the first and last quarters of the financial year. Furthermore, the company achieved minimum public shareholding requirements following the sale of shares by Bosch Global Software Technologies Private Limited, reducing promoter holding from 82.22% to 74.52%.
Historical Stock Returns for Bosch Home Comfort
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.67% | +9.08% | +28.46% | +38.48% | +6.47% | 0.0% |
How will the contraction in EBITDA margins from 4.27% to 3.73% impact long-term profitability if raw material costs remain elevated?
What specific strategies is Bosch Home Comfort employing to sustain revenue growth in the non-peak quarters given the seasonal nature of the AC business?
Will the reduction in promoter holding from 82.22% to 74.52% signal further dilution or changes in corporate governance structure?


































