On Monday, the shares of a leading supplier of technology and services surged by 4.6%, hitting a 52-week high of ₹32,214 per share, following the announcement of robust Q4 results showcasing a 41% year-on-year increase in net profit.
At 11:25 a.m., Bosch Ltd shares were trading at ₹31,239.85 per share, up 1.42% on the National Stock Exchange from the previous close price. The company has a market capitalization of ₹92,137 crore.
Bosch reported robust financial performance, with a consolidated net profit of ₹564 crores in Q4FY24, reflecting a notable 41% increase from the previous year’s corresponding quarter. This growth was supported by a surge in total revenue for the same quarter, which reached ₹4,233 crores, marking an 4.1 % rise compared to the previous year.
For the fiscal year 2023-24, the company’s consolidated net profit stood at ₹2,490 crore, showing a substantial 75% increase from the preceding fiscal year. Similarly, the total revenue for the fiscal year witnessed a 12% growth, totaling ₹16,727 crores.
The board recommended a final dividend of ₹170 per equity share of ₹10 each, subject to approval by shareholders.
Bosch Limited’s Mobility business sector reported an 11.1% increase in product sales during the fiscal year 2023-24 compared to the previous fiscal year, largely driven by a 4.8% growth in the overall automotive sector. Domestic sales for Bosch Limited also rose by 13.2%.
Within the Mobility business sector, the Power Solutions division saw a 10.9% increase in sales due to changes in emission norms, while the Mobility Aftermarket division experienced a 10.2% rise in sales driven by increased market demand. The Beyond Mobility sector recorded a 17.7% increase in sales, primarily due to growth in the power tools and building technology segments.
Bosch Ltd shares have gained 47% in the last six months and 71% in the last 12 months.
Bosch Ltd has a presence across automotive technology, industrial technology, consumer goods, and energy and building technology. It manufactures and trades in products such as diesel and gasoline fuel injection systems, automotive aftermarket products, industrial equipment, electrical power tools, security systems, and industrial and consumer energy products and solutions. The company owns seven manufacturing facilities across 35 locations in India. Its key facilities are located in Nashik, Naganathapura, Jaipur, Gangaikondan, Chennai, and Bidadi.
The company is 70% owned by Bosch Group, a leading global supplier of technology and services to various industries. The group comprises Robert Bosch GmbH and approximately 440 subsidiaries and regional companies in 60 countries.
Written by Omkar Chitnis
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