Bosch's India unit posts higher quarterly profit on tax cut boost

BOSCH

06/02/2026 14:43

Corrects to fix hyperlink in key context

Feb 6 (Reuters) - Bosch Ltd BOSH.NS, the Indian unit of German auto supplier Bosch, reported a 16% rise in quarterly profit on Friday, as tax cuts aided a pick-up in demand from carmakers.

Bengaluru-based Bosch posted profit of 5.32 billion rupees ($58.69 million) for the October-December period, compared with 4.59 billion rupees a year earlier.

Quarterly revenue rose 9% to 48.86 billion rupees.

The results included a 206 million rupees impact from India's recently enacted labour codes that was accounted for in the company's employee costs.

For further earnings highlights click here. [FULL STORY]

KEY CONTEXT

Indian auto parts makers benefited from the government's sweeping tax cuts in September that reduced the rate on most vehicles and their parts to 18% from 28%, making them more affordable.

Bosch, which supplies parts across segments, ranging from EV motors to spark plugs, said it benefited from a 21% jump in car sales during the October-December quarter.

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
40.23
34.56
10.25
13.16
Hold
3
1.08
1.40
Samvardhana Motherson International Ltd
SAMD.NS
23.79
9.97
9.35
29.82
Buy
21
0.92
0.50
UNO Minda Ltd
UNOI.NS
46.09
26.17
17.68
25.93
Hold
17
0.90
0.19
Sona BLW Precision Forgings Ltd
SONB.NS
38.78
22.81
20.43
19.88
Buy
16
0.90
0.64

* 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

OCTOBER-DECEMBER STOCK PERFORMANCE

-- All data from LSEG

-- $1 = 90.6490 Indian rupees

BOSH v Peers https://tmsnrt.rs/4tlGikb

 (Reporting by Nandan Mandayam in Bengaluru; Editing by Shreya Biswas)

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