Bosch Limited , a leading supplier of technology and services, has reported robust financial results for the first quarter, while simultaneously navigating a review of its import request for rare earth magnets from China.

Strong Financial Performance

The company posted a total revenue from operations of INR 4,789.00 crores (494.00 million euros) in Q1, marking a 10.90% increase compared to the same quarter last year. This growth was primarily driven by higher demand in the off-highway and passenger car segments.

Bosch's Profit Before Tax (PBT), excluding exceptional items, stood at INR 838.00 crores (86.00 million euros), representing 17.50% of the total revenue from operations. This figure reflects a significant 37.20% increase over the same quarter of the previous year, with the improvement mainly attributed to a favorable product mix.

Exceptional Items Boost Profits

Including exceptional items, the company's PBT rose to INR 1,394.00 crores (144.00 million euros), accounting for 29.10% of total revenue from operations. A major contributor to this was the completion of the transfer of Bosch's "Video solutions, Access and Intrusions and Communication systems" business, which resulted in a profit on sale of INR 556.00 crores (57.00 million euros).

Consequently, the Profit After Tax (including exceptional items) reached INR 1,115.00 crores (115.00 million euros), representing 23.30% of revenue from operations.

Segment Performance

Automotive Segment

The automotive segment showed strong growth, with overall product sales increasing by 14.30% compared to the same quarter of the previous year. The Power Solutions business, a major component of the automotive product sales, grew by 13.70%, primarily due to growth in the off-highway segment and moderate growth in the passenger car segment.

The Mobility Aftermarket business also saw a 5.20% growth, driven by increased market demand for gasoline systems, comfort electronics, and wiper systems.

Beyond Mobility Business

The Beyond Mobility business experienced a 9.30% decline in net sales, mainly due to the sale of the "Video solutions, Access and Intrusions and Communication systems" business as part of a global realignment of its Building Technologies division.

Strategic Focus and Future Outlook

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 also expressed optimism about future opportunities, stating, "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."

Rare Earth Magnet Import Review

In a separate development, a company executive revealed that Bosch has an import request for rare earth magnets from China that is currently under review. This request comes at a time when global supply chains for critical materials are under increased scrutiny.

Rare earth magnets are crucial components in various high-tech and green energy applications, including electric vehicles and wind turbines. The outcome of this review could have implications for Bosch's supply chain and production capabilities in certain product lines.

As Bosch continues to navigate global challenges and opportunities, the company's strong financial performance and strategic investments position it well for future growth in the evolving automotive and technology landscapes.

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.