Earnings Outlook
Bosch Oct-Dec PAT seen in a range of INR 5.1 bln-5.4 bln
This story was originally published at 21:02 IST on 24 January 2025
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KOLKATA – Automotive components company, Bosch Ltd. is expected to report a profit after tax anywhere between INR 5.1 billion and INR 5.4 billion, according to the estimates from three brokerages. The revenue is expected in the range of INR 45 billion-INR 46 billion, according to the estimates.
Among the three brokerages that have given estimates for the company, Sharekhan Ltd. pegged the revenue at the lowest INR 45 billion, while Incred Research Services Pvt. Ltd. saw the measure at INR 46 billion, the highest among estimates.
The company is scheduled to announce its earnings on Tuesday.
Brokerage Motilal Oswal Financial Services Ltd. estimated the profit to be the highest at INR 5.4 billion, while Incred Research saw it at the lowest at INR 5.1 billion. The company's earnings before interest, tax, depreciation and amortisation could be between INR 6.1 billion and INR 6.3 billion, according to two brokerages.
In the year-ago period, Bosch reported a net profit of 5.2 billion and posted a revenue of INR 42.1 billion. During Jul-Sept, its profit was INR 5.4 billion, and revenue was INR 43.9 billion.
At the current price, the stock is down 7.2% after the company announced its September quarter earnings on Nov. 12. Friday, shares of Bosh closed 1.9% down at INR 30,395 on the National Stock Exchange. Although the company declared its earnings just after trading hours, the stock closed 5.6% lower at INR 33,278.5 on Nov. 12. The following day, the share price opened lower at INR 34,000, and closed at INR 33,212, down 2.3%, after hitting a high of INR 34,480, and a low of INR 32,830.5.
Among the brokerages, only Motilal Oswal gave a commentary on the company, while others only gave estimates. According to Motilal Oswal, the revenue growth could be led by the company's mobility division comprising two-wheelers and the aftermarket, and steady demand from building technology. The profit is expected to get a boost on account of rise in other income and lower tax outgo. This brokerage estimated the EBITDA margin to improve by 50 basis points sequentially due to an improved mix. End
Following are the Oct-Dec earnings estimates for Bosch based on reports from three brokerage firms in the descending order by the estimate of net profit:
Broker Name | Net Sales (in million rupees) | Net Profit (in million rupees) | EBITDA (in million rupees) |
Motilal Oswal Financial Services Ltd | 45,416.00 | 5,445.00 | 6,061.00 |
Sharekhan Ltd | 45,000.00 | 5,200.00 |
|
Incred Research Services Pvt Ltd | 46,000.00 | 5,085.00 | 6,280.00 |
Average | 45,472.00 | 5,243.33 | 6,170.50 |
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Avishek Rakshit
Edited by Deepshikha Bhardwaj
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