Bosch Limited Reports Strong Q1 Results with 139% Jump in Net Profit
Bosch Limited reported robust Q1 financial results with total revenue from operations at INR 4,789.00 crores, up 10.9% year-over-year. Profit after tax surged 139% to INR 1,115.00 crores. The automotive segment saw a 14.3% increase in product sales, while the Mobility Aftermarket business grew by 5.2%. The company completed the transfer of its 'Video solutions, Access and Intrusions and Communication systems' business and approved an investment in a solar power plant, aligning with its commitment to sustainable energy solutions.
*this image is generated using AI for illustrative purposes only.
Bosch Limited , a leading supplier of technology and services in India, has reported robust financial results for the first quarter, showcasing significant growth across key metrics.
Financial Highlights
The company posted a total revenue from operations of INR 4,789.00 crores (€494.00 million), marking a 10.9% increase compared to the same quarter of the previous year. This growth was primarily driven by higher demand in the off-highway and passenger car segments.
Bosch Limited's profit after tax (including exceptional items) surged by 139% to INR 1,115.00 crores (€115.00 million), representing 23.3% of the total revenue from operations. The company's profit before tax (excluding exceptional items) stood at INR 838.00 crores (€86.00 million), which is 17.5% of the total revenue from operations, reflecting a 37.2% increase over the same quarter of the previous year.
Segment Performance
Automotive Segment
The automotive segment, which constitutes a significant portion of Bosch's business, saw a 14.3% increase in overall product sales compared to the same quarter of the previous year. The Power Solutions business, a major component of the automotive segment, grew by 13.7%, primarily due to growth in the off-highway segment and moderate growth in the passenger car segment.
Mobility Aftermarket
The Mobility Aftermarket business experienced a 5.2% growth, attributed to increased market demand for gasoline systems, comfort electronics, and wiper systems.
Beyond Mobility
The Beyond Mobility business witnessed a 9.3% decline in net sales, mainly due to the sale of the "Video solutions, Access and Intrusions and Communication systems" business as part of the global realignment of its Building Technologies division.
Strategic Developments
During the quarter, Bosch Limited completed the transfer of its "Video solutions, Access and Intrusions and Communication systems" business, recognizing a profit on sale of INR 556.00 crores (€57.00 million), which was reported as an exceptional item.
The company also approved an investment of INR 40.50 million in JSW RENEW C&I ONE LIMITED, a Special Purpose Vehicle, by subscribing to 26% of its equity share capital. This investment corresponds to the contracted capacity in a 12.66 MWdc Group Captive Solar Power plant in Maharashtra, aligning with Bosch's commitment to sustainable energy solutions.
Management Commentary
Guruprasad Mudlapur, President of the Bosch Group in India and Managing Director of Bosch Limited, commented on the results: "Our performance in the first quarter reflects strong growth, driven by increased revenue, higher demand in passenger cars, and a reduction in material costs enabled by favorable product mix. This results from our consistent efforts to strengthen our core businesses while remaining focused on future-ready technologies."
Mudlapur added, "Despite global challenges, we remain optimistic about the opportunities ahead. Bosch Limited is investing decisively in hydrogen, electrification, and digital services - positioning itself at the forefront of sustainable mobility. As India moves toward a smarter, cleaner future, we remain a trusted partner in delivering long-term value and innovation-led growth."
Future Outlook
With its strong financial performance and strategic initiatives, Bosch Limited appears well-positioned to capitalize on the growing demand in the automotive sector and emerging opportunities in sustainable technologies. The company's focus on core business strengthening, coupled with investments in future-ready technologies, sets a positive tone for its growth trajectory in the coming quarters.
As Bosch continues to navigate the evolving market landscape, its commitment to innovation and sustainability is likely to play a crucial role in maintaining its leadership position in the technology and services sector in India.
Historical Stock Returns for Bosch
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.72% | -0.63% | +2.59% | +47.77% | +22.81% | +180.03% |
17
