Bosch Limited, a leading technology and services provider, reported a 6.4% rise in revenue, reaching INR 4,394 crore (478 million euros) in the second quarter of the fiscal year 2024–25. This growth was fueled by strong sales in passenger cars and the off-highway sector, particularly in generator set applications. The company also highlighted a 27.3% increase in Profit Before Tax (excluding exceptional items) compared to the same period last year, reaching INR 677 crore (74 million euros).

The company's Profit Before Tax (excluding exceptional items) stood at INR 677 crore (74 million euros), representing 15.4% of total revenue. This signifies a substantial 27.3% growth compared to the same quarter in the previous year. Including exceptional items, primarily related to the sale of their OE/OES diagnosis business, the Profit Before Tax reached INR 726 crore (79 million euros), or 16.5% of total revenue. Profit After Tax (including exceptional items) came in at INR 536 crore (58 million euros), representing 12.2% of total revenue.

Automotive segment growth

Increased sales in the automotive segment, particularly in passenger cars and generator set applications, along with higher exports, were key drivers for Bosch Limited's strong performance in Q2. The company also highlighted the positive impact of robust demand for lubricants and diesel components in their Mobility Aftermarket business.

Bosch Limited's automotive segment witnessed a 6.7% growth in product sales compared to the same quarter last year. This growth was largely attributed to the performance of the Power Solutions business, which accounts for 73% of the segment's total sales and experienced a 5.7% rise.

Mobility Aftermarket business

The Mobility Aftermarket business achieved an 8.8% growth compared to the same quarter the previous year. This growth can be attributed to the increased demand for lubricants and diesel components. The Beyond Mobility business saw a significant 13.8% increase in net sales compared to the same quarter in the last financial year. This growth was fueled by the continued positive performance of the Power Tools and Security Technologies segment.

“Despite unpredictable rainfall and several macroeconomic factors affecting the automotive industry's overall performance this quarter, we showcased our capacity to adapt to changing market demands and provide high-quality solutions that align with our customers' needs.” said Guruprasad Mudlapur, President of the Bosch Group, India, and Managing Director, Bosch Limited.

Future outlook

Looking ahead to the next quarter, Bosch Limited expects continued demand across its different business segments, particularly in anticipation of the festive season.

“We anticipate sustained demand across segments driven by the festive period in the next quarter. Coupled with investments in advanced technologies and a strong commitment to localization, Bosch Limited will continue to deepen its efforts in high growth areas and develop further capabilities to cater to an ever-evolving mobility landscape.” adds Mudlapur