Bosch's India unit posts higher quarterly profit on strong auto parts sales

BOSCH

04/08/2025 16:15

Aug 4 (Reuters) - Bosch BOSH.NS reported a higher first-quarter profit on Monday, helped by strong sales of spare auto parts to passenger and off-highway vehicles as well as demand for its consumer electronic goods.

The Indian unit of German automotive supplier Robert Bosch reported a pre-tax adjusted profit of 8.38 billion rupees ($95.7 million) in the April-June period, up from 6.11 billion rupees a year ago. The profit figure does not include a one-time gain of 5.56 billion rupees tied to the sale of its video solutions business.

Quarterly revenue climbed 11%, led by the automotive business' 13.5% rise.

For further earnings highlights, click here.

KEY CONTEXT

Bosch, India's top auto parts maker by market valuation, is the first among its peers to report results in a quarter where overall auto sales by manufacturers to dealers dropped 5%.

Analysts at Motilal Oswal said the company likely benefited from higher after-market sales of auto parts.

The automotive business, Bosch's biggest segment, contributes more than 80% of overall revenue.

India is a key hub for Bosch, with a focus on cost-effective making of parts ranging from fuel injectors to spark plugs. The unit gets 90% of its revenue from local sales.

PEER COMPARISON

Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth (%)
Profit growth (%)
Mean rating*
# of analysts
Stock to price target**
Div yield (%)
Bosch Ltd
BOSH.NS
49.13
40.89
10.46
13.11
Hold
4
1.34
1.27
Samvardhana Motherson International Ltd
SAMD.NS
21.02
8.86
7.89
20.35
Buy
21
0.84
0.58
UNO Minda Ltd
UNOI.NS
46.41
25.17
18.21
26.70
Buy
16
0.92
0.22
Sona BLW Precision Forgings Ltd
SONB.NS
35.71
19.75
23.01
17.43
Buy
16
0.81
0.71

* The mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

APRIL-JUNE STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 87.5790 Indian rupees

BOSH v peers https://tmsnrt.rs/40K1SST

 (Reporting by Nandan Mandayam in Bengaluru; Editing by Harikrishnan Nair and Sahal Muhammed)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))