Bosch Limited reported a robust performance in Q2 FY 2024, driven by significant growth in the Mobility Solutions sector and strong profitability metrics. The company is well-positioned despite some challenges in specific vehicle segments.

Strong performance with notable growth in key segments.

Management Tone: Optimistic

Performance Overview

Business Progress

Future Outlook

Financial Highlights
Revenue growth: 12.8% YoY
Operating profit: INR 3,900 million, up 15% YoY
Profit before tax: INR 5,320 million, up 9.2% YoY

Operational Excellence
Strong year-on-year growth in passenger vehicles and commercial segments.
Notable decline in two-wheeler and tractor segments.
Profit after tax significantly boosted by a gain from the sale of Project House Mobility Solutions.

Key Achievements
11.7% growth in Mobility Solutions driven by HCV and passenger car segments.
18.6% increase in two-wheeler business sales due to improved semiconductor supplies.

Strategic Updates
Commenced on-road trials for hydrogen ICE engine project.
Continued focus on CSR with over 8,000 volunteer hours logged.

Future Guidance
Expecting restrained growth in the automotive industry for FY 2024.
Focus on maintaining robust economic conditions despite external challenges.

Strategic Priorities
Enhancing product offerings in the Mobility Solutions sector.
Continuing investment in technology and sustainability initiatives.

Risk Factors
Potential impact of erratic monsoons on rural sentiment.
Global economic headwinds to be monitored closely.