Bosch Ltd. (NSE: BOSCH): Q3 FY23 Results Out; Total Income rise 19% YoY

Bosch India Ltd (NSE: BOSCH) is a subsidiary of Bosch Group, a global technology and engineering company. The company is involved in the manufacturing and selling of automotive and non-automotive products and services in India. Bosch India Ltd’s product offerings include automotive components and systems, power tools, security systems, and other industrial products. The company has a strong presence in India, with manufacturing facilities across the country and a vast distribution network.

During the quarter, Bosch Limited reported total revenue from operations of INR 3660 crore, an increase of 17.7% from the same quarter last year. The revenue growth was mainly driven by higher income from services and other operating revenue, which offset the decline in net sales resulting from seasonal impact in the passenger car and tractor sales. Although the revenue from operations remained flat compared to the previous quarter, the company’s strong performance across all quarters in this fiscal year is expected to continue on a growth trajectory.

The company’s Profit Before Tax (PBT) for the quarter stood at INR 425 crore, an increase of 26.48% YoY from ₹336 Cr in Q3FY22. The Profit After Tax (PAT) stood at INR 319 crore, representing a growth of 35.74% YoY. However, the Earnings Before Interest and Tax (EBIT) reduced by 12.9% compared to the previous sequential quarter, impacted by one-time costs such as warranty claims and adverse exchange rates. The company’s strong financial performance reflects its commitment to delivering continued profitable growth and cash flows in the future.

Despite several macroeconomic factors that are expected to make 2023 a challenging year, including the possibility of a global recession, the revenue for the current quarter is in line with the estimated quarterly forecast. The company’s Managing Director, Soumitra Bhattacharya, believes that India will not be immune to the impact of these uncertainties. In summary, company’s recent Q3FY23 earnings report reflects its commitment to delivering continued profitable growth and cash flows in the future, and the announcement of an interim dividend of INR 200 per share is a testament to its strong financial position and profitability.