Bosch India (BOSCHLTD) Q1 26/27 earnings summary

Executive summary

• Revenue from operations for Q1 FY 2026-27 increased by 22.0% year-over-year to INR 58,419 million, driven by strong demand in power solutions, two-wheelers, and mobility aftermarket, with stable macroeconomic conditions in India.

• EBITDA rose 28.0% year-over-year to INR 8,180 million, reflecting revenue growth and expense optimization.

• Profit after tax for the quarter was INR 7,018 million, up 23.4% sequentially; prior year included an exceptional gain, impacting year-over-year comparison.

• Strategic focus on operational resilience, supply chain agility, and proactive risk management underpinned performance.

• The company outperformed the broader automotive market, with notable gains in power solutions, two-wheelers, and mobility aftermarket.

Financial highlights

• Revenue from operations for April-June 2026 was INR 58,419 million, up 22% year-over-year and 5% sequentially.

• EBITDA for April-June 2026 reached INR 8,180 million, a 28% increase year-over-year and 4.7% sequentially.

• Profit after tax for April-June 2026 was INR 7,018 million, down from INR 11,154 million year-over-year due to a prior-year exceptional gain but up from INR 5,685 million sequentially.

• Earnings per share (basic and diluted) were INR 239.41, compared to INR 378.41 in the same quarter last year.

• Exceptional gain of INR 5,560 million recognized from the sale of the Video solutions, Access and Intrusions, and Communication systems business.

Outlook and guidance

• The company expects continued growth, with an 8% revenue increase projected for the next quarter, driven by festive demand and infrastructure activity.

• Management highlights optimism for sustained demand across automotive and commercial vehicle segments, supported by structural shifts in the Indian automotive sector.

• Risks include monsoon variability, El Niño effects, and geopolitical tensions.

• Export revenue currently at 8-8.5% of total, with plans to increase this share over the next few years.

• Continued focus on navigating evolving regulations, including CAFÉ Phase 3 and CV ADAS implementation timelines.