Bosch Ltd Share Price – NSE  / BSE

Auto Ancillaries, Mid Cap

Bosch's profit before tax grew by 14.70% year on year (YoY) to Rs 610.7 crore in the quarter ended 30 June 2024.

On segmental front, revenue from automotive products stood at Rs 3,741.8 crore in Q1 FY25 (up 3.27% YoY) and revenue from consumer goods was at Rs 393.9 crore, (up 4.92% YoY).

During the quarter, the overall product sales in the automotive segment increased by 4.1% compared to the same quarter of the previous year. The Power Solutions business, which represents 72% of total automotive product sales, registered a growth of 2.3% YoY. This growth was driven by the continued consumer demand in the passenger car segment.

The mobility aftermarket business grew by 8.1% compared to the same quarter last year on account of increased market demand for new generation diesel components and strong performance in core product categories.

The Beyond Mobility business recorded a 5.8% increase in net sales over the same quarter of the previous financial year, driven by continued growth in the consumer goods product and building technologies segment.

Guruprasad Mudlapur, president and managing director of Bosch, said, “The financial year commenced with moderate growth in automotive market despite the challenges of a high base from the previous year, a slowdown related to elections and the summer heatwaves. Continued demand in the passenger car segment, coupled with growth in production and wholesale, resulted in growth for Bosch, this quarter. However, retail sales have remained sluggish leading to a rise in the pipeline inventory. Despite the challenges, the overall sentiment in the automotive sector remains positive.”

Further he stated, “The optimistic growth in Indian economy with higher disposable incomes puts us in a sweet spot with the continued growth in demand for the auto sector. With sustained infrastructural investments, we are well positioned for growth in our power tools and building technologies businesses. Bosch will continue to strengthen its portfolio through localization and capitalize on the potential of alternate fuel technologies and electric vehicles to usher in a new era of mobility.”

In India, Bosch is a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology.

The scrip slipped 2.48 to Rs 31,890 on the BSE.

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The domestic equity benchmarks traded with significant in morning trade. The Nifty traded below the 24,300 level. Oil & gas shares advanced after declining in three previous trading sessions.

At 10:30 ST, the barometer index, the S&P BSE Sensex, was up 767.85 points or 0.98% to 79,360.82. The Nifty 50 index gained 276.60 points or 1.15% to 24,269.15.

The broader market outperformed the headline indices. The S&P BSE Mid-Cap index added 1.82% and the S&P BSE Small-Cap index gained 1.26%.

The market breadth was strong. On the BSE, 2,599 shares rose and 986 shares fell. A total of 137 shares were unchanged.

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 9.97% to 16.87.

Results today:

Radico Khaitan (up 1.06%), Sula Vineyards (up 1.72%), Aadhar Housing Finance (up 2.04%), Abbott India (up 1.37%), Aditya Birla Fashion and Retail (ABFRL) (up 1.18%), Authum Investment & Infrastructure (up 3.20%), Apollo Tyres (up 1.12%), Balaji Amines (up 2.34%), BASF India (up 0.36%), Caplin Point Laboratories (up 0.79%), Coromandel International (up 0.41%), ESAB India (up 0.59%), GMM Pfaudler (down 0.77%), Godrej Consumer Products (up 1.31%), Gokaldas Exports (down 1.56%), Godawari Power & Ispat (up 0.34%), Gujarat Pipavav Port (up 4.16%), Happy Forgings (up 0.13%), Harsha Engineers International (up 0.92%), ITD Cementation India (down 1.19%), Lemon Tree Hotels (up 1.08%), Pidilite Industries (up 1%), Welspun Corp (up 0.88%) will announced their quarterly earnings later today.

Buzzing Index:

The Nifty Oil & Gas index added 2.80% to 12,941.10. The index tumbled 5.16% in the past three trading sessions.

Oil India (up 7.26%), Oil & Natural Gas Corpn (up 6.47%), Castrol India (up 4.82%), Hindustan Petroleum Corporation (up 3%), GAIL (India) (up 2.93%), Bharat Petroleum Corporation (up 2.84%), Indian Oil Corporation (up 2.63%), Mahanagar Gas (up 1.98%), Indraprastha Gas (up 1.69%) and Petronet LNG (up 1.65%) edged higher.

On the other hand, Gujarat Gas (down 0.88%), Gujarat State Petronet (down 0.43%) declined.

Stocks in Spotlight:

Bosch declined 1.19%. The company’s consolidated net profit increased 13.9% YoY to Rs 466 crore in Q1 FY25. Revenue rose 3.8% to Rs 4,317 crore during the quarter as compared with Rs 4,158 crore posted in Q1 FY24.

Gulf Oil Lubricants surged 8.63% after the company’s consolidated net profit jumped 24% to Rs 84 crore in Q1 FY25 as compared with Rs 68 crore in Q1 FY24. Revenue increased 10% YoY to Rs 894 crore during the quarter.

3M India rose 0.35%. The company reported 22% increase in consolidated net profit to Rs 157 crore in Q1 FY25 as compared with Rs 129 crore posed in Q1 FY24. Revenue fell marginally YoY to Rs 1,047 crore in Q1 FY25.

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Net profit of Bosch rose 13.93% to Rs 466.30 crore in the quarter ended June 2024 as against Rs 409.30 crore during the previous quarter ended June 2023. Sales rose 3.81% to Rs 4316.80 crore in the quarter ended June 2024 as against Rs 4158.40 crore during the previous quarter ended June 2023.

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Bosch announced the cessation of Sakalespur Visweswaraiya Ranganath(DIN: 00323799),Independent Director of the Company from 01 July 2018 has conclusion of his tenure as an Independent Director on the Board of the Company.

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