Bosch India (BOSCHLTD) Q3 25/26 earnings summary

Executive summary

• Indian economy remains resilient, with IMF revising GDP growth to 7.3% for FY 2025-26, supported by robust domestic demand and easing inflation.

• Achieved strong revenue and profit growth in Q3 FY26, driven by robust performance in Power Solutions, Mobility Aftermarket, and 2-Wheeler segments.

• Benefited from synchronized upturn in the Indian automotive sector, supported by festive demand, policy support, and improved consumer confidence.

• 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

• Q3 FY 2026 revenue from operations was INR 48,856 million, up 9.4% year-over-year.

• EBITDA for Q3 FY 2026 was INR 6,124 million, up 5.1% year-over-year; EBITDA margin improved due to favorable product mix and expense optimization.

• Profit after tax for Q3 FY 2026 grew 16.1% year-over-year; net profit margin was 10.9%.

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

• Earnings per share (Q3): INR 180.43.

Outlook and guidance

• FY 2026 expected to see robust growth across all major automotive segments, with record production anticipated in passenger cars, tractors, and two-wheelers.

• Commercial vehicle demand expected to remain strong, supported by infrastructure spending and e-commerce logistics.

• Management remains positive on the impact of recent FTAs, supportive government policies, and future-ready technologies.

• Market outlook remains positive, underpinned by policy support and consumer demand.

• Focus remains on leveraging a favorable product mix and advancing future-ready technologies.