Bosch Limited, a leading supplier of technology and services, posted its total revenue from operations of INR 4,394 crores (478 million euros) in Quarter 2 of FY 2024–25, an increase of 6.4% over the same quarter of last year. This growth is driven by increased sales in passenger cars and off highway segment, particularly genset applications.
The Profit Before Tax (excluding exceptional items) stood at INR 677 crores (74 million euros) which is 15.4% of the total revenue from operations, an increase of 27.3% over the same quarter of previous year. The Profit Before Tax (including exceptional items) stood at INR 726 crores (79 million euros) which is 16.5% of the total revenue from operations. Exceptional items pertain to the gain on the sale of OE/OES diagnosis business in the current quarter. The Profit After Tax (including exceptional items) stood at INR 536 crores (58 million euros) which is 12.2% of the total revenue from operations.
“Despite unpredictable rainfall and several macroeconomic factors affecting the automotive industry’s overall performance this quarter, we showcased our capacity to adapt to changing market demands and provide high-quality solutions that align with our customers’ needs.” said Guruprasad Mudlapur, President of the Bosch Group, India, and Managing Director, Bosch Limited.
Snapshot of performance in Quarter 2:
Overall product sales of the automotive segment have increased by 6.7% compared to the same quarter of the previous year. The Power Solutions business, which constitutes 73% of the overall automotive product sales, grew by 5.7% over the same quarter of previous financial year, driven by increased sales in passenger cars segment, genset applications and higher exports.
The Mobility Aftermarket business grew by 8.8% compared to the same quarter of last year on account of increased market demand for lubricants and diesel components.
The Beyond Mobility business recorded a 13.8% increase in net sales over the same quarter of the previous financial year, driven by continued growth in the Power Tools and Security Technologies segment.
“We anticipate sustained demand across segments driven by the festive period in the next quarter. Coupled with investments in advanced technologies and a strong commitment to localization, Bosch Limited will continue to deepen its efforts in high growth areas and develop further capabilities to cater to an ever-evolving mobility landscape.” adds Mudlapur.
