Bosch India drops as analysts flag margin concerns post Q3 results

BOSCH

29/01/2025 06:52

** Shares of Bosch  BOSH.NS  falls 5% to 28,289.55 rupees, a
seven-month low 
    ** Auto-parts maker reported a ~8% y/y rise in Q3 profit
before exceptional items and tax; net profit falls ~12% 
    ** UBS says co missed its EBITDA estimates by 10% on slower
revenue growth, sharp q/q rise in employee costs 
    ** "Auto demand outlook continues to be subdued across key
segments in near term" - Motilal Oswal 
    ** EBITDA margin was down 70 bps in Q3, impacted by high
employee costs; lower other income, higher taxes led to a miss
in profit after tax - brokerage
    ** Stock eyes busiest session in seven months, volumes 7.1x
30-day avg 
    ** Stock down ~16% this month, set for biggest monthly fall
since March 2020 

($1 = 86.5825 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))