Business EconomyPosted at: Aug 7 2024 4:12PM


Bosch Limited registers 14.1 pc profit before tax in Q1 FY 2024-25

Bengaluru, Aug 7 (UNI) Bosch Limited, a leading global supplier of technology and services, on Wednesday reported a 3.8 percent increase in total revenue from operations for Quarter 1 of FY 2024-25.
The company’s revenue reached Rs 4,317 crores (481 million euros), up from the same quarter last year, driven by robust demand in the automotive sector, particularly in the passenger car segment.
The company’s Profit Before Tax (PBT) rose to Rs 611 crores (68 million euros), representing 14.1 percent of total revenue from operations and reflecting a notable 14.7 percent year-over-year increase.
Profit After Tax (PAT) was reported at Rs 466 crores (52 million euros), which equates to 10.8 percent of the revenue from operations.
Guruprasad Mudlapur, President of the Bosch Group in India and Managing Director of Bosch Limited, commented, "The financial year commenced with moderate growth in the automotive market despite challenges such as a high base from the previous year, election-related slowdowns, and summer heatwaves.
"Continued demand in the passenger car segment, coupled with growth in production and wholesale activities, contributed to our positive performance this quarter. However, retail sales have remained sluggish, leading to an increase in pipeline inventory. Despite these challenges, the overall sentiment in the automotive sector remains optimistic."
Overall product sales in the automotive segment increased by 4.1 percent compared to the same quarter last year.
The Power Solutions business, which makes up 72 percent of automotive product sales, grew by 2.3 percent, driven primarily by demand in the passenger car segment.
The Mobility Aftermarket segment experienced an 8.1 percent increase in sales year-over-year, fueled by higher market demand for new-generation diesel components and strong performance across core product categories.
The Beyond Mobility segment saw a 5.8 percent rise in net sales compared to the same quarter of the previous year, driven by sustained growth in Consumer Goods Product and Building Technologies.
Mudlapur further added, "The positive growth trajectory of the Indian economy and rising disposable incomes place us in a favorable position for continued growth in the automotive sector. With ongoing investments in infrastructure, we are well-positioned to expand our Power Tools and Building Technologies businesses.
"Bosch remains committed to enhancing its portfolio through localization and capitalizing on opportunities in alternative fuel technologies and electric vehicles, paving the way for the future of mobility."
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