Conference Call with Bosch Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Bosch announced Q4FY23 & FY23 results: Q4FY23: Total revenue from operations of Rs 4,063 crore (454 million euros), up 22.7 percent compared to Q4FY22 PBT for Q4FY23 stood at Rs 533 crore (60 million euros), a 23.6 percent increase over Q4FY22 The total product revenue of Bosch’s Mobility Solutions business sector and Beyond Mobility Solutions business sector increased by 23.7 percent and 7.8 percent, respectively Profit After Tax (PAT) is up 13.8% YoY to Rs 398 crore FY23: Total revenue from operations of Rs 14,929 crore (1,667 million euros), thus registering an increase of 26.7 percent compared to FY22 Profit Before Tax (PBT) increased by 25.5 percent to Rs 1,882 crore (210 million euros) in FY23, amounting to 12.6 percent of total revenue from operations The Profit After Tax (PAT) for FY23 stood at Rs 1,425 crore (159 million euros) A final Dividend of Rs 280 per share is recommended for FY23 “2022 was a historic year as we celebrated 100 years of Bosch in India and at the same time it was a year replete with challenges in the market. Despite all odds, we concluded the year with strong performance and positive revenue growth. This was primarily fueled by the solid recovery in the auto market post-pandemic,” said Soumitra Bhattacharya, Managing Director, Bosch and President, Bosch Group, India. “Reaffirming our commitment to being 'Invented for Life’, we recognize the pressing need for both - software technologies and sophisticated hardware- in the Indian Automotive Industry. Internal Combustion Engine (ICE) will remain the dominant technology in the passenger car segment, even as the transition to electrification is already underway. At Bosch, we will continue to provide products and solutions as per evolving market requirements.” added Soumitra Bhattacharya. Result PDF