Conference Call with Bosch Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.
Auto parts & equipment firm Bosch announced Q2FY23 results: Total revenue from operations of Rs. 3,662 crore (447 million euros) in Q2FY23 increased by 25.5 percent over the same quarter of the previous year. Profit after tax stood at 10.2 percent of total revenue from operations Profit before tax stood at Rs. 487 crore (59 million euros) which constitutes 13.3 percent of total revenue from operations which is a 22.5 percent increase over the same quarter of the previous year. “The surge in demand on the back of the continued recovery of the automotive market has contributed to a strong performance this quarter. We have witnessed robust topline growth, posting consistent profits over a low base in the same quarter of the previous year. Although supplies in semiconductor have eased out relatively, the supply chain ecosystem itself continues to remain fragile. Despite these uncertainties including rising input costs, we expect to build on the strong performance of this quarter,” said Soumitra Bhattacharya, Managing Director, Bosch Limited and President of the Bosch Group in India. Result PDF