Risks
3 risks
Risk Intelligence
Sustained high traded goods mix pressuring margins
View Risks →Bosch Limited — Q1 FY24
Bosch Limited reported Q1 FY24 revenue of INR 4,158 crore, up 17.3% YoY, driven by growth in mobility solutions (13.6%) and beyond mobility (21.5%).
neutral
medium
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
Bosch Limited reported Q1 FY24 revenue of INR 4,158 crore, up 17.3% YoY, driven by growth in mobility solutions (13.6%) and beyond mobility (21.5%). PAT rose 22.4% YoY to INR 409 crore, aided by higher other income. However, operating profit declined 2.3% due to increased other expenses from new business spending and higher service-related costs. The mix shift towards traded goods (54.4% of revenue vs 51.3% last year) pressured margins. Management expects margins to stabilize as localization of exhaust-gas treatment and injectors progresses over 2-4 years. Guidance includes capex of INR 490 crore for FY24. Key risks include sustained high traded goods mix and sluggish two-wheeler export markets.
बॉश लिमिटेड ने पहली तिमाही में 4,158 करोड़ रुपये का कारोबार किया, जो पिछले साल से 17.3% ज्यादा है। यह वृद्धि वाहनों से जुड़े कारोबार (13.6%) और दूसरे क्षेत्रों (21.5%) में हुई। कंपनी का मुनाफा 22.4% बढ़कर 409 करोड़ रुपये हो गया, जिसमें दूसरे स्रोतों से आय ने मदद की। लेकिन नए कारोबार और सेवा खर्च बढ़ने से परिचालन मुनाफा 2.3% घट गया। कंपनी ज्यादा तैयार माल बेच रही है (54.4% कारोबार), जिससे मुनाफा कम हुआ। प्रबंधन का कहना है कि अगले 2-4 साल में देसी पुर्जे बनाने से मुनाफा सुधरेगा। इस साल 490 करोड़ रुपये निवेश की योजना है। जोखिम: तैयार माल पर निर्भरता और दोपहिया निर्यात में सुस्ती।
Risks3 trackedTranscriptfull text
Research workspace
Focused Modules
Transcript
Full text
Call Transcript
Full transcript text is available on this route.
Read Transcript →Quarter Snapshot
Traded goods as % of revenue
54.4%
+310bps YoY
Traded goods share increased from 51.3% in Q1 FY23, impacting margins due to lower localization.
Two-wheeler business sales growth
42.8%
+42.8% QoQ
Sequential growth driven by improved semiconductor supplies compared to previous quarter.
Automotive aftermarket growth
12.7%
+12.7% QoQ
Growth due to increased export of spark plugs and higher market penetration of lubricants.
Capex planned for FY24
INR 490 crore
Lower than FY23
Capex reduced as Adugodi campus construction completed; focus on plant machinery and equipment.
Fast read
Guidance and risk preview
Capital expenditure planned for the current year is approximately INR 4.9 billion, mainly for plant machinery and equipment.
Traded goods as a percentage of revenue increased to 54.4% from 51.3% last year, and management expects this to persist until localization ramps up...
View Risks →