Bosch's Indian unit posts Q3 profit rise, boosted by auto part sales

BOSCH

28/01/2025 11:18

Jan 28 (Reuters) - Auto parts-maker Bosch  BOSH.NS , the Indian unit of German automotive
supplier Robert Bosch  ROBG.UL , reported a rise in third-quarter adjusted profit on Tuesday on
the back of steady sales of automobile parts.
    The company's profit before exceptional items and tax rose nearly 9% year-on-year to 6.65
billion rupees (nearly $77 million) in the three months to Dec. 31.
    Revenue grew 6% to 44.66 billion rupees.
    
    KEY CONTEXT
    Bosch makes auto parts and accessories for cars, two wheelers and railways, among others. 
    Its automotive products business accounts for about 87% of the total revenue.
    India's overall auto sales grew 3.1% in the December quarter, helped by the demand-driving
festive season. Car sales rose 4.5% and sales of motorcycles and scooters gained 3% from a year
earlier.
    During the quarter, the company made a one-time provision worth 471 million rupees for
restructuring of operations in its mobility business. 

    
    PEER COMPARISON
    
                                        Estimates (next 12           Analysts' sentiment
                                             months)        
                  RIC    PE     EV/EBI  Revenue    Profit   Mean     # of     Stock to     Div
                                TDA     growth     growth   rating*  analyst  price        yield
                                        (%)        (%)               s        target**     (%)
 Bosch Ltd                                                                             
 Samvardhana                                                                           
 International                                                                             
 Ltd                                                                                       
 UNO Minda Ltd                                                                         
 Sona BLW                                                                              
 Forgings Ltd                                                                              
 * 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

OCT-DEC STOCK PERFORMANCE
    
-- All data from LSEG
-- $1 = 86.5350 Indian rupees

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Bosch v Peers    https://tmsnrt.rs/40OUE02
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 (Reporting by Kashish Tandon in Bengaluru; Editing by Mrigank Dhaniwala)
 ((kashish.tandon@thomsonreuters.com))