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Bosch Home Comfort Q3 Revenue Up 10% YoY; Net Loss Widens to ₹190 Million
Bosch Home Comfort India (formerly Johnson Controls-Hitachi) reported a 10.2% YoY increase in revenue to ₹4,755.7 million for Q3 FY26. Despite revenue growth, the net loss widened significantly to ₹190.3 million compared to a loss of ₹33.4 million in the same quarter last year. The bottom line was heavily impacted by exceptional items, including a ₹168.9 million provision for new labour codes and severance costs of ₹30.6 million. Following the acquisition by Robert Bosch GmbH, promoter holding has risen to 82.22%, which will require a stake reduction to 75% within the next 12 months to meet SEBI norms.
Key Highlights
Revenue from operations increased 10.2% YoY to ₹4,755.7 million in Q3 FY26.
Net loss widened to ₹190.3 million from ₹33.4 million in Q3 FY25.
Exceptional items included a ₹168.9 million provision for the new Government Labour Codes and ₹30.6 million in severance pay.
Promoter holding stands at 82.22% post-open offer, necessitating a 7.22% dilution to meet minimum public shareholding requirements.
The company recorded a net gain of ₹107.2 million from an insurance settlement related to a warehouse fire incident.
💼 Action for Investors
Investors should remain cautious as the company continues to report losses and faces a potential supply overhang from the mandatory 7.22% promoter stake dilution. Watch for operational improvements under the new Bosch management and performance in the upcoming peak summer season (Q4).