Bosch India (BOSCHLTD) Q3 25/26 earnings summary

Executive summary

• Q3 FY 2026 delivered strong revenue and profit growth, driven by robust performance in Power Solutions, Mobility Aftermarket, and Two-Wheeler segments, supported by strong domestic demand, favorable government policies, and improved supply chain conditions.

• The Indian economy outperformed global peers, with IMF revising GDP growth to 7.3% for FY 2025-2026, and the Union Budget 2026-2027 reinforced manufacturing-led growth benefiting the automotive sector.

• Unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025, were approved with an unmodified auditor's opinion.

• Amendments to the Dividend Distribution Policy were approved and implemented.

Financial highlights

• Revenue from operations for Q3 FY 2025-26 was INR 48,856 million, up 9.4% year-over-year.

• EBITDA for the quarter was INR 6,124 million, a 5.1% increase year-over-year, with margin improvement from favorable product mix and cost optimization.

• Net profit for Q3 stood at INR 5,321 million, representing 10.9% of revenue from operations.

• Nine-month PAT stood at INR 22,017 million, up 50.8% year-over-year, mainly due to profit from the sale of business units.

• Earnings per share (Q3): INR 180.43.

Outlook and guidance

• FY 2026 is expected to deliver record production in passenger cars, tractors, and two-wheelers, with commercial vehicle and LCV segments projected to achieve all-time highs, supported by infrastructure spending and e-commerce growth.

• Management remains positive on the impact of the new India-EU FTA, ongoing localization efforts, and expects continued positive momentum in the automotive sector.