Auto parts maker Bosch has released its financial statements for the fourth quarter and fiscal year to March 31, 2025. It posted decreased consolidated profit for the respective periods but growth in revenue.
For the fourth quarter Bosch's PAT was ₹ 554 crore. This is down 2 per cent from the ₹ 564 crore PAT in the corresponding January-March quarter of the last fiscal year, 2023-24. The company pinned the decline in profit on a "challenging business environment".
In spite of the dip in profits, operating revenue for the fourth quarter improved, rising to ₹4,911 crore from ₹ 4,233 crore in the same period last year.
Looking at the full fiscal year 2024-25 (FY25), Bosch's consolidated PAT experienced a more significant decrease. The company reported a profit of ₹ 2,013 crore for FY25, which is a 19 per cent fall from the ₹ 2,490 crore reported in FY24. Similar to the quarterly trend, full-year revenue also grew, reaching ₹18,087 crore in FY25, up from ₹16,727 crore in FY24.
Bosch recognized the tough business scenario but pointed to the performance of the company. Bosch finished FY24-25 with "strong revenue growth and higher sales across businesses".
Mudlapur was optimistic regarding the prospects of India's future in the automobile industry, referencing India's capability to emerge as a prominent powerhouse with strong engineering and manufacturing excellence. In the future, he predicts "substantial growth in India as a strategic market". This projected growth is anticipated to be spurred by an "accelerated shift towards digitalisation, electrification and sustainable mobility".
Along with the financial performance, Bosch's board announced some important things. The board has proposed a final dividend of ₹ 512 per share on equity shares of ₹10 each. This proposal is to be approved by the shareholders of the company.
In addition, the board has given its approval to the reappointment of Guruprasad Mudlapur as the Managing Director. His term will now be two years from July 1, 2026.
Shares of Bosch Ltd declined sharply in early trade on Tuesday following a weaker-than-expected set of earnings for the March quarter of FY25. The stock opened lower at ₹32,440 and extended losses to hit an intraday low of ₹31,200, before trading at ₹31,445 by 10:19 am IST, down 3.2 percent or ₹1,040 from its previous close.
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