Bosch Ltd Q4FY23 PAT up 13.5% at Rs398 crore on 29% boost in automotive operating profits

Bosch Ltd reported 22.7% growth in total revenues for the March 2023 quarter on consolidated basis at Rs4,063cr. On a sequential basis, the revenues were up 11.02%. In terms of verticals, the automotive products vertical accounts for bulk of the revenues and this vertical saw revenues grow by 26% at Rs3,417 crore. Revenues were lower for consumer goods vertical, amid tight competition in the space.

Again in terms of operating profit contribution, the automotive vertical saw operating profits grow by 29% to Rs414 crore. However, the consumer goods segment saw a sharp 20% fall in the operating profits. For the quarter, operating profits overall were up by 24% yoy while the operating margins improved by 13 bps to 12.24% on yoy basis. Operating margins were higher by 87 bps on sequential basis.

Financial highlights for Mar-23 compared yoy and sequentially

 Bosch Ltd    

Rs in Crore

Mar-23

Mar-22

YOY

Dec-22

QOQ

Total Income (Rs cr)

₹ 4,063

₹ 3,311

22.72%

₹ 3,660

11.02%

Operating Profit (Rs cr)

₹ 497

₹ 401

23.98%

₹ 416

19.49%

Net Profit (Rs cr)

₹ 398

₹ 351

13.45%

₹ 320

24.52%

 

 

 

 

 

 

Diluted EPS (Rs)

₹ 134.99

₹ 119.00

 

₹ 108.41

 

OPM

12.24%

12.11%

 

11.37%

 

Net Margins

9.80%

10.60%

 

8.74%

 

 

For the March 2023 quarter, the total revenues from the emerging mobility solutions business increased 23.7% on yoy basis. It also has an alternate energy division which also grew by 7.8%. Net margins were lower at 9.8% and that is largely on account of a higher revenue base in the quarter.

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