Bosch Limited

In Q2 FY 2023-24, Bosch Limited reported significant financial results, achieving a revenue of INR 41,301 million, reflecting a robust growth rate of 12.8% compared to the previous year. The company posted a profit before tax (PBT) of INR 5,320 million, which is an increase from INR 4,870 million in the same quarter last year. Profit after tax (PAT) reached INR 9,989 million, accounting for 24.2% of total revenue. Operating profit also saw a notable rise to INR 3,900 million, up from INR 3,392 million in Q2 FY 2022-23. These results underscore Bosch's strong performance amid a dynamic

In the second quarter of FY 2024, Bosch Limited's automotive sales demonstrated a mixed performance. The Mobility Solutions sector achieved an impressive growth of 11.7% year-on-year, driven primarily by a 12.3% increase in Powertrain Solutions sales, particularly in the heavy commercial vehicle (HCV) and passenger car segments. Notably, the two-wheeler business saw a significant quarter-on-quarter increase of 18.6%, attributed to improved semiconductor supply and higher demand for fuel injectors. However, the overall automotive landscape faced challenges, with declines in two-wheeler and tractor segments due to erratic monsoons and high previous year baselines. Despite these challenges, medium and heavy commercial vehicles maintained strong demand,

In Q2 FY 2023-24, Bosch Limited reported a profit before tax (PBT) of INR 5,320 million, reflecting an increase from INR 4,870 million in Q2 FY 2022. This growth signifies a positive trend in the company's financial performance, with PBT representing 12.9% of total revenue for the current quarter. The increase in profit before tax highlights Bosch's resilience and effective management amid varying market conditions.

In 2023, Bosch Limited has actively engaged in various corporate social responsibility (CSR) initiatives, completing over 8,000 volunteer hours with the involvement of 900 volunteers, including 650 from Bosch and 250 from the community. Notable activities included tree plantation, lake rejuvenation, animal welfare projects, and mentoring programs. The company has also focused on enhancing medical facilities and participated in environmental projects. By December 2023, Bosch aims to surpass 100 activities across all locations, demonstrating its commitment to community engagement and sustainability.

Bosch Limited's automotive market outlook for 2024 is characterized by a moderate growth trajectory, influenced by several economic challenges. The company anticipates restrained growth due to the election year dynamics, which historically lead to cautious consumer spending. Additionally, erratic monsoon patterns in 2023 may impact rural sentiment, further complicating market conditions. Despite these challenges, the underlying economic fundamentals remain strong, with the Indian economy expected to grow between 6% to 6.5% in FY '23-24. Bosch is focusing on enhancing product sales in Powertrain Solutions and investing in technology and innovation to navigate these challenges effectively.

In Q2 FY 2024, Bosch Limited's vehicle segments experienced varied growth influenced by several factors. The Mobility Solutions sector saw an overall growth of 11.7%, driven by a 12.3% increase in Powertrain Solutions, particularly in heavy commercial vehicles (HCV) and passenger cars. The two-wheeler segment, however, faced a decline of 1% year-on-year due to erratic monsoons affecting rural demand and a high baseline from the previous year. Conversely, the three-wheeler segment showed positive growth, indicating a recovery in demand. Medium and heavy commercial vehicles maintained strong performance due to favorable demand from underlying industries and healthy fleet utilization levels. Overall, while some segments thrived, challenges like err