by Ritmbarah Arora

Oracle Financial Services Software and Bosch have announced results, experienced a rise in the net profit and operating revenues in the third quarter ending December 31, 2019. Here’s a detailed outlook towards the quarter results of these companies:

Oracle Financial Services Software sees net profit jump of 49.3%

Mumbai headquartered Oracle Financial Services Software is a subsidiary of Oracle Corporation and provides IT solutions to the banking industry. The company helps banks simplify processes and drive predictive insights. The third quarter results of the financial year ending December 31, 2019 were announced yesterday post the closing of trading hours on February 4. 

Oracle Financial Services Software reported a net profit of Rs 456.8 crore in Q3FY20, up 49.3% from Rs 306 crore in the corresponding period, previous year. Net sales of Rs 1,160.2 crore has been delivered, down 2.2% from Rs 1,185.8 crore in Q3FY19 while EBITDA stood at Rs 588.3 crore in Q3FY20, a rise of 13.9% from Rs 516.5 crore in the same quarter, last year. Profit before tax rose to Rs 559 crore from Rs 504.6 crore in the same quarter, last year. Oracle Financial Services Software is listed in 10 screeners on Trendlyne.

Consolidated net profit of Bosch declined by 43.3%

Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods and Energy and Building Technology in India. Bosch additionally has the largest development centre in India, outside Germany for end to end engineering and technology solutions. The company announced its Q3FY20 results on Wednesday, February 5. The stock traded today at Rs 13,912.7, down by Rs 86 from its previous closing of Rs 13,998.7 post the quarter result announcement.

Bosch Limited reported a 43.3% YoY decline in the consolidated net profit at Rs 190.3 crore in the third quarter ending December 31, 2019 versus Rs 335.4 crore in Q3FY19. Total revenue from operations decreased 15.7% to Rs 2,536.6 crore in Q3FY20 against Rs 3,008 crore in the corresponding quarter, previous year while EBITDA fell 22.2% to Rs 320.2 crore from Rs 411.6 crore YoY and EBITDA margin contracted 110 bps YoY TO 12.6% in Q3FY20.

Managing Director and President, Soumitra Bhattacharya, Bosch Ltd commented, “The entire automobile industry is in the grip of a slowdown with a major technology shift from BS-IV to BS-VI on the horizon. Together with OEMs (original equipment manufacturers), Bosch has been working relentlessly to meet the April 1, 2020 deadline for the implementation of BS-Vl technologies. At the same time, we are continuing to invest in electrification and other mobility solutions". Bosch is listed in 15 screeners on Trendlyne.