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Informist, Tuesday, May 27, 2025

 

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--Bosch Jan-Mar net profit INR 5.54 bln vs INR 5.65 bln year ago
--Bosch Jan-Mar revenue INR 49.11 bln vs INR 42.33 bln year ago
--Bosch to pay INR 512 per share final dividend for FY25
--Bosch FY25 net profit INR 20.13 bln vs INR 24.91 bln year ago
--Bosch FY25 revenue INR 180.87 bln vs INR 167.27 bln year ago
--Bosch Jan-Mar automotive pdt revenue INR 41.55 bln vs INR 35.11 bln yr ago
--Bosch Jan-Mar consumer goods revenue INR 5.41 bln vs INR 5.24 bln year ago

 

By Avishek Rakshit

 

KOLKATA – Increasing sales from the automotive segment helped Bosch Ltd. report seven-quarter-high revenue growth during the March quarter at INR 49.1 billion, registering 16.0% on-year growth. However, the net profit continued to decline, in line with the past three quarters.

 

Bosch's net profit for the March quarter of INR 5.5 billion declined by 1.9% on year, far slower than the steep fall it saw during Jul-Dec. In the September quarter, the company's net profit had declined 46.4% on year, and in Oct-Dec, it fell 11.6%.

 

Revenue from the automotive products and services segment rose 18.3% on year to INR 41.6 billion, and the pre-tax profit from this business increased 30.3% on year to INR 6.4 billion. However, while the revenue from consumer goods products increased 3.2% on year to INR 5.4 billion, the pre-tax profit from the division declined 27.1% on year to INR 436 million.

 

During the year ended March, Bosch registered a revenue growth of 8.1% on year at INR 180.9 billion, but the net profit dipped 19.2% on year to INR 20.1 billion.

 

Calling the financial year 2024-25 (Apr-Mar) a challenging year, Guruprasad Mudlapur, president of the Bosch Group in India and managing director of Bosch, said in a statement, "Sustained demand in the off-highway and passenger car segments contributed to our performance this quarter. This development reflects our agility in adapting to dynamic market needs and our continuous focus on customer centricity."

 

During FY25, sales from the automotive products and services segment increased 8.3% on year to INR 155.5 billion, and the pre-tax profit went up by 21.5% on year to INR 22.5 billion. However, the consumer products segment, like the March quarter, proved to be a drag on the company's annual profits. Although revenue from consumer goods sales increased by 6.3% on year to INR 17.3 billion, the pre-tax profit fell by over 39.0% on year to INR 1.1 billion.

 

In the statement, Bosch said its mobility business segment reported a 7.0% increase in product sales during FY25 largely on account of growth in the overall passenger and tractor segments. Within the mobility business sector, the powertrain solutions division saw a 5.8% increase in sales driven by growth in the tractor segment and an increase in export sales. The mobility aftermarket division's sales rose 8.4% owing to increased demand for diesel components and filters. The beyond mobility sector recorded a 4.4% increase in sales due to growth in the consumer goods segment.

 

"In the coming years, we expect substantial growth in India as a strategic market, with an accelerated shift towards digitalisation, electrification, and sustainable mobility," Mudlapur said. "At Bosch, we are fully geared to lead this change and remain committed to being the preferred technology partner for original equipment makers in India and the world over."

 

In a strategic decision, the Indian entity of the Germany-based Bosch Group decided to divest its 6.97% shareholding in Bengaluru-based Nivaata Systems Pvt. Ltd. In 2020, Bosch had invested in Nivaata Systems with the aim of expanding its digital offering in the office commute landscape. The goals of the investment have since been achieved, Bosch said.

 

The company's board approved Mudlapur's appointment as managing director for a term of two years beginning Jul. 1, 2026, and ending Jun. 30, 2028. It also approved the reappointment of Sandeep Nelamangala as joint managing director for three years from Jul. 1, 2026, to Jun. 30, 2029.

 

The company declared a final dividend of INR 512 per share for FY25. Tuesday, shares of Bosch closed flat at INR 32,485 on the National Stock Exchange.  End

 

Edited by Rajeev Pai

 

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