Auto Parts & Equipment company Bosch Announced Q1FY23 Result : Bosch Limited registers 12.3 percent profit before tax in Q1 FY 2022-23 Total revenue from operations in Q1 of FY 2022–23 increased by 45.1 percent over the same quarter of previous year. Profit after tax stood at 9.4 percent of total revenue from operations. Bosch recently inaugurated its 76-acre, A IoT-enabled smart campus in Bengaluru. Profit before tax stood at INR 438 crores (51.8 million euros) that constitutes to 12.3 percent of total revenue from operations; that is a 30.5 percent increase over the same quarter of previous year. Profit after tax stood at INR 334 crores (39.5 million euros) which is 9.4 percent of revenue from operations. “The strong momentum exiting FY2021-22 was sustained and further improved over the past quarter due to recovery in the overall automotive market. This has bolstered our confidence that we will surpass the peaks of FY2018-19,” said Soumitra Bhattacharya, Managing Director of Bosch Limited and President of the Bosch Group in India. “With a steady order book and easing supply chain issues, we expect to maintain robust growth across revenue and free cash flows for the remainder of FY2022-23. Our focus is to maintain steady margins through strategic cost recovery across our supply chains,” he added. Result PDF