Bosch surges 3% after Q4 profit jumps over 40%

The company’s total revenue from operations for fiscal year 2024 stood at ₹16,727 crore, 12% higher from the previous year. Profit After Tax (PAT) including exceptional items for the FY 2023-24 stood at ₹2,491 crore.

For Q4 of FY24, Bosch posted a total revenue from operations of ₹4,233 crore, an increase of 4.2% compared to the corresponding quarter in FY23. PAT for the quarter stood at ₹564 crore, a 41.4% increase year-on-year.

Bosch’s Mobility business sector reported a 11.1% increase in product sales during the fiscal year 2023-24 over the previous fiscal, largely driven by a 4.8% growth in the overall automotive sector.

The board of directors has recommended a final dividend of ₹170 per share for the financial year 2023-24, bringing the total dividend for the year to ₹375 per share, including an interim dividend of ₹205 per share.

“In FY2024-25, the underlying economic conditions and increased sales in key segments are likely to keep the India growth narrative unchanged. The sustained investment in infrastructure in India will continue to drive growth in Bosch’s Power Tools and Building Technologies business divisions,” the company said in a statement.

India is already the third largest automotive market with an aspiring middle class looking for cost-conscious, high-quality products, the company added. “Bosch recognizes this as a promising opportunity to elevate the innovation and robustness of its product portfolio and stay prepared for the transformative shift in mobility world over.”

Bosch shares have risen 72% over the past one year, bolstered by the company’s strong financial performance over the past few years.

Over the past three years, its revenues have grown an annualised 19.5% while profits has surged a compounded 73%.