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Informist, Saturday, Aug. 8, 2026

 

By Anand JC

 

MUMBAI – Bosch Ltd. is projected to report a low double-digit increase in its top line for the June quarter on the back of robust demand in the automobile segment and growth in the aftermarket segment, according to brokerage estimates. The company's margin for the quarter is expected to be weighed down by commodity costs.

 

Bosch is expected to post a net profit between INR 5.33 billion and INR 6.21 billion for the June quarter, according to estimates from three brokerages. The highest estimate is from 360 ONE Capital Market Pvt. Ltd. and the lowest is from Motilal Oswal Financial Services Ltd. In the corresponding quarter a year ago, Bosch had reported a net profit of INR 5.59 billion, and in the trailing quarter, it was INR 5.69 billion.

 

The net sales of the automobile component maker are projected between INR 53.15 billion and INR 56.86 billion for the quarter, according to the estimates. The highest estimate for the revenues is from 360 ONE and the lowest is from Motilal Oswal. The company reported revenues of INR 47.89 billion in the same period year ago and INR 55.66 billion in the March quarter.

 

Bosch is a leading manufacturer of automobile parts in India, focusing mainly on mobility business and global software development. It earns most of its revenue from the mobility solutions business. It is a major supplier of fuel injection systems, and also has a sizeable network of car service workshops to cater to the automotive aftermarket segment.

 

"Bosch is expected to report revenue growth of ~18% YoY, supported by robust demand in the 2W segment, a recovery in the CV and tractor markets, and resilient growth in the aftermarket business," 360 One said.

 

The company's top line is expected to grow around 14% on year for the June quarter due to a healthy underlying volume growth in the automotive segment and recovery in non-mobility segment on a low base, ICICI Securities Ltd. said.

 

Only two brokerages estimated the company's earnings before interest, tax, depreciation, and amortisation for the quarter. ICICI Securities expects the company's EBITDA to be INR 7.18 billion for the June quarter, while Motilal Oswal has pegged it at INR 6.49 billion.

 

Bosch's EBITDA margin is expected around 13.4% for the reporting quarter due to operating leverage and scale benefits, according to 360 ONE. However, ICICI Securities expects it to fall 30 basis points on year due to higher commodity and wage inflation. Motilal Oswal expects the company's margins to fall 120 bps to 12.2% due to commodity costs.

 

Bosch will release its June quarter earnings Monday. Friday, shares of the company ended 2.3% higher at INR 42,950 on the National Stock Exchange. The stock has risen nearly 17% since the company announced its earnings for the March quarter on May 20.

 

Of the two brokerage reports on the company available with Informist, one has a "buy" recommendation on the stock with a target price of INR 44,000 and one has a "hold" recommendation, with a target price of INR 35,323.

 

Following are the Apr-Jun earnings estimates for Bosch, in INR billion, from three brokerages in descending order of the net profit estimate:

 

Brokerage	Net sales	Net profit	EBITDA
360 ONE Capital Market Pvt Ltd	56.86	6.21	N.A.
ICICI Securities Ltd	54.79	5.87	7.18
Motilal Oswal Financial Services Ltd	53.15	5.33	6.49
Average	54.93	5.80	6.83

 

End

 

Edited by Akul Nishant Akhoury

 

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