Bosch Ltd, a company engaged in technology and services, reported on Monday a 36.8 percent decline in consolidated net profit, amounting to 704.9 crore rupees for the first quarter ending June 30. This decrease was attributed to the high base effect.
According to regulatory filings, in the same quarter of the previous fiscal year, the company demonstrated a consolidated net profit of 1,115.3 crore rupees. Furthermore, in the first quarter of the previous fiscal year, the company received total revenue of 556 crore rupees from the sale of its business related to video solutions, access, intrusion, and communications systems.
Consolidated operating revenue in the first quarter reached 5,841.9 crore rupees, compared to 4,788.6 crore rupees for the same period a year earlier. Meanwhile, total expenses in the quarter under review increased to 5,125.8 crore rupees compared to 4,238.8 crore rupees in the previous year.
Business Segment Dynamics
Guruprasad Mudlapur, President of Bosch Group in India and Managing Director of Bosch Limited, noted that the company's performance in the first quarter is supported by steady demand across all segments, particularly in the passenger and commercial vehicle segments, as well as increased sales in key product categories.
He emphasized that given the structural shift of the Indian automotive sector towards safer, more eco-friendly, and personalized vehicles, Bosch is well-positioned to support this transition by providing high-value, future-ready solutions.
In the first quarter, sales volume in the automotive segment grew by 25.7% year-on-year. The powertrain business increased by 29%, driven by the vibrant automotive market. The two-wheeler business showed growth of 41.4%, mainly due to increased sales of value-added EMS products, growth in premium motorcycle platforms, and stable demand from major domestic OEMs.
Bosch reported that its mobility aftersales business grew by 12.6% in net sales compared to the same quarter of the previous fiscal year, which was caused by high demand for core products in the power tools segment. Additionally, the mobility afterservice business increased by 9.6% thanks to strategic pricing positioning and the introduction of new programs for key product categories, including lubricants and spark plugs.