Bosch Ltd Q4 Results 2022: Net profit declines by 27% for Q4FY22
On 19th May 2022, Bosch Ltd announced its quarterly results for the last quarter of FY2022.
- The company's revenue from operations rose 2.95% to Rs.33110 million in the quarter under review from Rs.32159 million in the same quarter last fiscal.
- Bosch Ltd reported a net profit of Rs.3505 million for Q4FY22 from Rs.4820 in Q4FY21, decline by 27.2%.
- The company's revenue from operations rose by 21.25% to Rs.117816 million for the year from Rs.97162 million in FY2022.
- Bosch Ltd reported a Net profit of Rs.12170 million for FY2022 from Rs.4807 in the previous year, a growth by 153.17%.
The automotive products segment posted revenue of Rs.27119 million for Q4FY22 with a decline of 1.94% YoY and Rs.100373 million for the year with a growth of 19.8% YoY.
The consumer products segment posted revenue of Rs.4809 million for Q4FY22 with a growth of 34.55% YoY and Rs.12654 million for the year with a growth of 33.21% YoY.
The other segments posted revenue of Rs.1486 million for Q4FY22 with a growth of 58.42% YoY and Rs.5494 million for the year with a growth of 35.88% YoY.
- Bosch Limited’s Mobility Solutions business sector increased product sales by 22.6 percent in fiscal 2021-22, primarily on account of strategic changes in the supply chain, higher-order fulfillment, and a low base in FY 2020-21.
- Domestic sales increased by 22.2 percent.
- Within the Mobility Solutions business sector, the Powertrain Solutions division in India registered an increase of 21.1 percent and the Automotive Aftermarket division increased by 26.5 percent.
- Businesses beyond the Mobility Solutions sector recorded an increase in sales of 31.6 percent.
- Bosch Limited is investing in hydrogen-based technologies – both for mobility and stationary applications. The company is in discussion with customers and partners in India to bring advanced hydrogen-based powertrain and fuel-cell technologies to the market.
- With electromobility set to go mainstream, Bosch has taken the first step towards introducing low-carbon transportation and aiding the construction of a sustainable and carbon-neutral mobility ecosystem in India.
- Having turned carbon neutral (scopes 1 and 2) globally in 2020, Bosch will continue to shape climate actions beyond its immediate sphere of influence and systematically induce a 15 percent reduction in upstream and downstream emissions (scope 3) by 2030.
“2022 marks 100 years of Bosch in India, and this significant landmark and heritage was complemented by a positive revenue growth curve throughout FY 2021-22. Amid the multifaceted challenges faced by the automotive industry, Bosch’s mobility business demonstrated resilience and recorded a faster-than-market recovery rate on a par with the all-time high posted in 2018-19. We will continue to capitalize on inorganic opportunities to expand our digital mobility business by leveraging our Mobility Cloud Platform and Mobility Marketplace for new-age mobility players while actively growing our acquisitions and mergers pipeline,” said Soumitra Bhattacharya, Managing Director, Bosch Limited and President, Bosch Group, India.
The board proposed a dividend of Rs.210 per share that includes a special Dividend of Rs.100 on the occasion of 100 years of Bosch India.
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