Market Insight

Bosch Q2 Results: Net profit falls 46% to Rs. 536 crores; 4,394 crore in revenue

12 November 2024

Auto components firm Bosch on Tuesday said its consolidated net profit for the September 2024 quarter fell 46 percent year-on-year to Rs. 536 crores. In the July-September quarter of last financial year, the company posted Rs. 1,000 crore in net profit.

Bosch Ltd said in a regulatory filing that in the year-ago period, Rs. 4,130 crore in the second quarter, with income from operations rising to Rs. 4,394 crores.

Bosch Limited Managing Director Guruprasad Mudlapur said, “Despite the unexpected rains and some macroeconomic factors affecting the overall performance of the automotive industry this quarter, we have demonstrated our ability to adapt to changing market demands and provide high-quality solutions to our customers’ needs. .”

The company expects sustained demand across the segment due to the festive period in the coming quarter, he added.

With investments in advanced technologies and a strong commitment to localization, the company will continue to deepen its efforts in high-growth areas and develop more capabilities to cater to the ever-evolving mobility landscape, Mudlapur noted.

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