Bosch Limited, a leading provider of technology and services, reported a 6.4% year-over-year (YoY) revenue increase, reaching INR 4,394 crore (~€478 million) in the second quarter of FY 2024–25. This growth was driven by strong sales in the passenger car and off-highway sectors, especially in generator set applications.
The company also posted a 27.3% YoY rise in Profit Before Tax (PBT), excluding exceptional items, to INR 677 crore (€74 million), representing 15.4% of total revenue. Including exceptional items, related to the sale of their OE/OES diagnosis business, PBT stood at INR 726 crore (€79 million), or 16.5% of total revenue. Profit After Tax (PAT) reached INR 536 crore (~€58 million), comprising 12.2% of total revenue.
Bosch Limited's automotive segment saw a 6.7% increase in product sales, mainly driven by the Power Solutions business, which accounts for 73% of the segment’s sales and recorded a 5.7% rise. The company's Mobility Aftermarket business grew by 8.8%, fueled by demand for lubricants and diesel components, while its Beyond Mobility business recorded a 13.8% surge, thanks to the strong performance of Power Tools and Security Technologies.
Despite macroeconomic challenges and unpredictable rainfall affecting the automotive industry, Bosch Limited's President, Guruprasad Mudlapur, emphasized the company's ability to adapt to market demands and provide high-quality solutions.
Looking ahead, Bosch anticipates continued growth across its business segments, particularly with the upcoming festive season. Mudlapur noted that the company is focusing on high-growth areas, investing in advanced technologies, and deepening its localization efforts to meet the evolving demands of the mobility sector.