Bosch Limited (BOSCHLTD)
₹45,560.00 +1.17% last close, 16 Oct
Q2 FY27 results
📅 Next results: 06 Nov 2026 (board meeting)Bosch Limited's board meets on 6 Nov 2026 to consider its Q2 FY27 results (July-September 2026).
In its latest reported quarter, Q1 FY27, Bosch's revenue was ₹5,842 Cr (+22.0% year on year, +5.0% on the previous quarter), and net profit ₹706 Cr (-36.7% year on year); the operating margin was 14.1%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹5,842 | +22.0% | +5.0% |
| Operating profit | ₹821 | +28.4% | +5.0% |
| Net profit | ₹706 | -36.7% | +23.9% |
| EPS (₹) | 239.41 | -36.7% | +23.9% |
| Operating margin | 14.1% | — | — |
BOSCHLTD delivery percentage and open interest
NSE end-of-day data for
On Fri, 16 Oct 2026, 38.57% of the BOSCHLTD shares traded on NSE were taken to delivery, against the stock's own 20-session average of 47.99%. That is lower than usual for this stock. In BOSCHLTD futures, open interest fell 1.81% while the futures price rose 1.34%: short covering (shorts closing out).
Delivery in the last 5 sessions: 47.3% · 44.2% · 62.6% · 44.5% · 38.6%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Bosch Limited has announced the receipt of an adjusted Environmental, Social, and Governance (ESG) score of 71.6 from SES ESG Research Private Limited. The rating provider categorizes this score within the 'above average' range under the Automobile and Auto components sector. The assessment was independently prepared based on FY 2025-26 publicly available data and received by the company on September 18, 2026. This disclosure is a regulatory intimation under SEBI Listing Regulations with no direct financial impact.
- Received an adjusted ESG score of 71.6 classified in the 'above average' range
- Rating assigned by SEBI-registered ESG Rating Provider SES ESG Research Private Limited
- Evaluation conducted under the Automobile and Auto components category
- Score based on FY 2025-26 public domain data, received by the company on September 18, 2026
Bosch Limited has submitted an intimation under Regulation 30(5) of SEBI LODR Regulations regarding updated contact details of its Key Managerial Personnel (KMPs) authorised to determine materiality of events, effective September 09, 2026. The authorised KMPs include Managing Director Guruprasad Mudlapur, Joint Managing Director Sandeep Nelamangala, CFO Tillmann Olsen (effective June 01, 2026), and Company Secretary V. Srinivasan. This is a purely procedural regulatory filing with no operational or financial impact on the company.
- Regulation 30(5) intimation effective September 09, 2026
- List covers 4 Key Managerial Personnel including MD, Joint MD, CFO, and CS
- CFO Tillmann Olsen listed as effective from June 01, 2026
- Filing updates contact emails and telephone numbers for stock exchange disclosures
Bosch Limited has received an upgraded ESG (Environmental, Social, and Governance) rating from CRISIL, with its score rising to 71.0 from 62.0. The company's 'core ESG score' also improved significantly to 72.0 from 61.0, placing it in the 'Leader' category within the Auto components and Equipments sector. These ratings are based on FY 2025-26 data and reflect the company's sustainability and governance performance. While not impacting immediate financials, such upgrades are increasingly relevant for institutional investor mandates and global OEM supply chain requirements.
- CRISIL ESG score increased to 71.0 from a previous score of 62.0
- CRISIL core ESG score improved to 72.0 from a previous score of 61.0
- Company classified under the 'Leader' category for the Auto components and Equipments sector
- Rating assessment based on public domain data from FY 2025-26
- Rating provided by CRISIL ESG Ratings & Analytics Ltd, a SEBI-registered provider
Bosch Limited reported a robust Q1 FY27 with revenue from operations reaching ₹5,841.9 crore, a 22% YoY increase. Growth was primarily driven by the Power Solutions division (up 29%) and the 2-wheeler segment (up 41.4%), significantly outperforming the broader automotive market. While reported PAT fell 37.1% YoY to ₹701.8 crore, this was due to a high base effect from a divestment profit in Q1 FY26; excluding that exceptional item, PAT grew 9.9%. The company is progressing with two new JVs for e-axles and air systems, with e-axle revenue expected to start by late next year.
- Revenue from operations grew 22% YoY to ₹5,841.9 crore, representing approximately 29% of TTM revenue.
- The 2-wheeler and Powersports business recorded 41.4% YoY growth, driven by premium motorcycle platforms.
- EBITDA increased 28% YoY to ₹818 crore, supported by revenue growth and expense optimization.
- Management expects revenue from the new e-axle joint venture to commence by late next year (FY28).
- Mobility aftermarket business grew 9.6% YoY, supported by new schemes in lubricants and spark plugs.
Bosch Limited's shareholders approved all resolutions at the 74th Annual General Meeting held on August 11, 2026. A final dividend of Rs 270 per share was declared for FY26, representing an estimated total payout of Rs 796.4 Cr. Key approvals included material related party transactions with the parent group, Robert Bosch GmbH, and the appointment of Ramesh Ramadurai as an Independent Director for five years. The company maintained strong participation with 91.05% of total shares polled during the voting process.
- Final dividend of Rs 270 per share approved for the financial year ended March 31, 2026.
- Material Related Party Transactions approved with Robert Bosch GmbH and Bosch Automotive Electronics India.
- Appointment of Ramesh Ramadurai as a Non-Executive Independent Director for a 5-year term.
- Total of 26,857,714 votes polled out of 29,496,100 total shares, representing 91.05% participation.
- Adoption of FY26 standalone and consolidated financial statements showing TTM revenue of Rs 20,035 Cr.
Bosch Limited reported a 10.8% revenue growth to 20,035 Cr for FY 2025-26, supported by record production in the Indian automotive industry. The 2-Wheeler segment was a standout performer with 69.1% growth, driven by OBDII norm implementations. Operating margins (EBIT) improved to 11.3% from 10.7% due to better product mix and cost controls. Management expressed caution for FY 2026-27, forecasting a moderation in India's GDP growth to 6.5% amid geopolitical risks and inflation.
- FY 2025-26 revenue reached 20,035 Cr, representing a 10.8% year-on-year growth.
- 2-Wheeler & Power Sports division recorded a 69.1% growth in net sales due to exhaust gas sensor demand.
- Invested 410 Cr in fixed assets for capacity expansion and machine upgrades, roughly 2.05% of TTM revenue.
- Realized an exceptional profit of 556 Cr from the hive-off of the Building Technology business in May 2025.
- Spent 601 Cr on application and engineering services, maintaining R&D intensity at 3% of revenue.
Bosch Limited reported a 10.8% YoY revenue growth to ₹20,035 Cr for FY26, with EBIT margins improving to 11.3% from 10.7%. The 2-Wheeler & Power Sports segment was the standout performer, growing 69.1% due to the implementation of OBDII norms. The company invested ₹410 Cr in capex (approx. 2% of TTM revenue) and realized an exceptional gain of ₹556 Cr from hiving off non-core building technology businesses. Management forecasts a moderation in India's GDP growth to 6.5% for FY27, which may impact future demand momentum.
- Total revenue from operations reached ₹20,035 Cr, a 10.8% YoY increase driven by automotive OEM volumes.
- 2-Wheeler & Power Sports division recorded 69.1% growth, significantly outperforming the overall 2W industry growth of 11.2%.
- Invested ₹410 Cr in fixed assets for capacity expansion and technological upgrades.
- Exceptional profit of ₹556 Cr recorded from the hive-off of the Building Technology division in May 2025.
- R&D and engineering services expenditure stood at ₹601 Cr, representing 3% of total revenue.
Bosch Limited reported a strong Q1 FY27 with revenue from operations reaching ₹5,841.9 Cr, a 22% YoY increase. Operational performance was robust as EBITDA grew 28% YoY to ₹818 Cr, driven by volume growth and expense optimization. While PAT declined 37.1% YoY to ₹701.8 Cr, this was due to a high base effect from an exceptional gain in Q1 FY26 related to the sale of the Building Technology business. The mobility segment remains the primary driver, growing 25.7% YoY, led by a 41.4% surge in the 2-wheeler segment.
- Revenue from operations grew 22% YoY to ₹5,841.9 Cr, representing approximately 29% of TTM revenue.
- EBITDA increased 28% YoY to ₹818 Cr, reflecting improved operational efficiency.
- The 2-Wheeler and Powersports segment recorded a significant 41.4% YoY growth.
- Power Solutions division grew 29% YoY, outperforming general market growth across PC, CV, and Tractor segments.
- PAT grew 23.4% sequentially (QoQ) to ₹701.8 Cr, despite the YoY decline caused by last year's exceptional items.
Bosch Limited reported a strong 22% YoY revenue growth to ₹5,841.9 Cr for Q1 FY27, primarily driven by the automotive segment. Standalone PAT stood at ₹701.8 Cr; while this is lower than the ₹1,115.4 Cr reported in Q1 FY26, the previous year's figure included a one-time exceptional gain of ₹556 Cr. A major strategic milestone was the completion of the 100% acquisition of Bosch Chassis Systems India (RBIC) on July 1, 2026, for ₹9,023.8 Cr. This acquisition, representing ~61% of the company's net worth, will consolidate the chassis business into Bosch Limited's financials from Q2 onwards.
- Revenue from operations increased 22% YoY to ₹5,841.9 Cr from ₹4,788.6 Cr.
- Completed the acquisition of Bosch Chassis Systems India (RBIC) for a final consideration of ₹9,023.8 Cr on July 1, 2026.
- Automotive products segment revenue grew 23.3% YoY to ₹5,234.4 Cr.
- Profit before tax (excluding exceptional items) grew 12% YoY to ₹938.7 Cr.
- Net profit margin was supported by a deferred tax credit of ₹225 Cr during the quarter.
Bosch Limited has scheduled its Q1 FY 2026-27 earnings conference call for August 11, 2026, at 16:00 IST. The management team, including the Managing Director and CFO, will discuss the quarterly performance following a fiscal year (FY26) that saw revenue reach Rs 20,035 Cr. Investors will be looking for updates on the company's 10% expected growth rate and the performance of the 2-wheeler segment which previously grew at 18.5%. The company maintains a robust financial profile with a 22.0% ROCE and minimal debt of Rs 119 Cr.
- Conference call scheduled for August 11, 2026, at 16:00 hrs IST to discuss Q1 performance.
- Management participation includes MD Guruprasad Mudlapur and CFO Olsen Tillmann.
- Company reported a TTM revenue of Rs 20,035 Cr and TTM PAT of Rs 2,773 Cr.
- Bosch currently operates with a healthy Operating Profit Margin (OPM) of 13.2%.
Bosch Limited has received trading approval from NSE and BSE for 2,460 equity shares issued to its promoters on a preferential basis. The shares were issued at a price of Rs 35,200 each (Rs 10 face value plus Rs 35,190 premium), amounting to a total value of approximately Rs 8.66 crore. This issuance is negligible in size, representing less than 0.01% of the company's Rs 1,20,498 crore market capitalization. The newly listed shares are subject to a lock-in period until January 30, 2028.
- Trading approval granted for 2,460 equity shares effective July 20, 2026
- Shares issued at a total price of Rs 35,200 per share to promoters Robert Bosch Investment Nederland B.V. and Robert Bosch LLC
- Total capital raised through this specific allotment is approximately Rs 8.66 crore
- Allotted shares are under lock-in until January 30, 2028
Bosch Limited has announced the administrative details for its final dividend of ₹270 per share for FY 2025-26. The record date to determine eligibility is August 4, 2026, with the payment scheduled to commence on or after August 14, 2026, following shareholder approval at the AGM on August 11, 2026. Shareholders are required to submit tax-related documents by July 27, 2026, to ensure appropriate TDS rates (10% for residents with PAN, 20% without). The total estimated payout is approximately ₹796.5 Cr, representing about 28.7% of TTM PAT.
- Final dividend of ₹270 per equity share recommended for the financial year ended March 31, 2026.
- Record date for determining dividend entitlement is fixed as August 4, 2026.
- Deadline for submitting tax exemption forms and supporting documents is July 27, 2026.
- Standard TDS rate of 10% for resident shareholders with valid PAN; 20% for invalid or missing PAN.
- Dividend payment will be processed on or after August 14, 2026, subject to AGM approval.
Bosch Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that for the period from April 01, 2026, to June 30, 2026, all physical share certificates received for dematerialization were processed within the mandated 15-day timeline. This process involves mutilating and canceling physical certificates and substituting the depository's name in the company's records. This is a standard administrative procedure with no impact on the company's financial performance or business operations.
- Compliance certificate covers the three-month period from April 01, 2026, to June 30, 2026
- Confirmation that dematerialization requests were processed within 15 days of receipt
- Registrar and Share Transfer Agent (Integrated Registry Management Services) confirmed all securities are listed on relevant stock exchanges
- Physical certificates were mutilated and canceled as per regulatory requirements
Bosch Limited has successfully completed the acquisition of Bosch Chassis Systems India Private Limited, making it a Wholly Owned Subsidiary (WOS) effective July 1, 2026. This follows the Share Purchase Agreement (SPA) executed on April 8, 2026, and subsequent closing actions. The move consolidates the chassis systems business entirely under the listed entity, Bosch Limited. While the transaction value was not disclosed in this specific filing, the parent company maintains a strong financial position with TTM revenue of Rs 20,035 Cr and a near-zero debt-to-equity ratio of 0.01.
- Effective date for Wholly Owned Subsidiary status is July 1, 2026
- Completion follows the Share Purchase Agreement executed on April 8, 2026
- Follows three previous regulatory intimations dated April 8, May 11, and June 10, 2026
- Bosch Limited TTM revenue stands at Rs 20,035 Cr with a market cap of Rs 1,18,227 Cr
Bosch Limited has scheduled a Board of Directors meeting for August 10, 2026, to consider and approve the un-audited standalone and consolidated financial results for the quarter ending June 30, 2026. In accordance with SEBI insider trading regulations, the company has announced a trading window closure for designated persons starting July 1, 2026. The window will remain closed until August 12, 2026, which is 48 hours after the results are made public. This is a routine regulatory announcement preceding the quarterly earnings release.
- Board meeting scheduled for August 10, 2026, to approve Q1 FY2026-27 results.
- Trading window for insiders closed from July 1, 2026, to August 12, 2026.
- Results will include both standalone and consolidated un-audited financial statements.
- Announcement made in compliance with SEBI (LODR) Regulation 29.
Financial Performance
Revenue Growth by Segment
Total revenue from operations reached INR 18,087.4 Cr in FY 2024-25, an 8.1% YoY increase. Segment growth included Mobility at INR 14,510 Cr (+7.0%), Consumer Goods at INR 1,720 Cr (+6.3%), and Energy & Building Technology at INR 490 Cr (+8.2%).
Geographic Revenue Split
Domestic sales within India constitute approximately 91.7% of total revenue. Export sales stood at INR 1,405.4 Cr, representing 8.3% of total sales, with 69% of these exports directed to Robert Bosch, Germany.
Profitability Margins
Operating Profit (EBIT) margin was 10.7% in FY 2024-25, up from 10.0% in FY 2023-24. Profit After Tax (PAT) margin was 11.1% (INR 2,013.3 Cr). ROCE stood at 19.7%, reflecting strong capital efficiency.
EBITDA Margin
EBITDA for H1 FY 2025-26 was INR 1,256.4 Cr (13.1% margin), growing 16.3% YoY. Q2 FY 2025-26 EBITDA was INR 617.1 Cr (12.9% margin), a 10.1% YoY increase driven by favorable product mix and expense optimization.
Capital Expenditure
Capital expenditure for FY 2024-25 was INR 127.3 Cr, focused on enhancing manufacturing capabilities and Industry 4.0 digital solutions.
Credit Rating & Borrowing
The company maintains a strong balance sheet with zero debt and substantial liquidity. Specific credit ratings and borrowing costs were not disclosed in available documents.
Operational Drivers
Raw Materials
Raw materials and components (including trade goods) represent the primary cost driver, accounting for 63.4% of total revenue from operations in FY 2024-25.
Import Sources
While specific countries are not listed, the company has high integration with Bosch global standards, and 69% of its exports are sent to Germany, indicating a strong European supply chain link.
Raw Material Costs
Raw material costs improved to 63.4% of revenue in FY 2024-25 from 64.8% in FY 2023-24, a 1.4 percentage point improvement driven by material cost savings and a better product mix.
Manufacturing Efficiency
Efficiency is driven by advanced analytics and digital evolution, leading to increased productivity and strengthened quality controls at plants like Bidadi (BidP).
Strategic Growth
Expected Growth Rate
10%
Growth Strategy
Growth will be achieved through a 51.8% increase in service income from new OEM projects, hiving off non-core Building Technology segments to realign with global strategy, and capitalizing on the 18.5% growth in the 2-wheeler segment and 4% rise in SUV demand.
Products & Services
Fuel injection systems (Power Solutions), 2-wheeler components, mobility aftermarket parts, power tools, video systems, and communication systems.
Brand Portfolio
Bosch.
New Products/Services
Income from sale of services grew 51.8% in FY 2024-25 due to additional projects completed for newer applications for Indian OEMs.
Market Expansion
Strategic projects are underway to expand market presence, particularly in non-mobility businesses where new entrants are offering low-cost solutions.
Market Share & Ranking
The company is a leader in advanced analytics and Industry 4.0 solutions within the Indian automotive component sector.
Strategic Alliances
The company provides shared services to other Bosch group companies, generating INR 405.4 Cr in other operating revenue (+16.4% YoY).
External Factors
Industry Trends
The industry is shifting toward SUVs and digital manufacturing; Bosch is positioning itself by integrating advanced analytics and Industry 4.0 into its production systems.
Competitive Landscape
New entrants are positioning themselves in non-mobility sectors through low-cost solutions, challenging the company's market share.
Competitive Moat
Moat is sustained by technological leadership, the integrated Bosch Production System (BPS), and strong parentage providing a stable export channel (69% to Germany).
Macro Economic Sensitivity
Highly sensitive to the Indian automotive industry, which saw a 3.5% YoY production increase (excluding 2-wheelers) and a 4% rise in SUV production.
Consumer Behavior
Changing consumer behavior is driving a shift toward SUVs (4% growth) while hatchbacks face weak demand and elevated inventory levels.
Geopolitical Risks
Global political uncertainty and trade barriers are identified as key risks in a 'BANI' (Brittle, Ambiguous, Complex, Non-linear) environment.
Regulatory & Governance
Industry Regulations
Operations are subject to local statutory requirements and Bosch global standards; the hiving off of the BT business aligns with global realignment strategies.
Environmental Compliance
The company received ESG ratings in December 2025, reaffirming its dedication to inclusive and future-ready workplace standards.
Taxation Policy Impact
Total tax expense for FY 2024-25 was INR 719.3 Cr on a PBT of INR 2,732.6 Cr.
Risk Analysis
Key Uncertainties
Global headwinds, general election impacts on production, and the 'BANI' environment pose significant uncertainties to future growth.
Geographic Concentration Risk
91.7% of revenue is concentrated in the Indian domestic market.
Third Party Dependencies
High dependency on Robert Bosch Germany for 69% of export sales and on Indian OEMs for mobility business growth.
Technology Obsolescence Risk
Mitigated by a high R&D spend of INR 530.3 Cr and a transition to Industry 4.0 and advanced analytics.
Credit & Counterparty Risk
Investment portfolio consists of fixed deposits in highly rated major banks and highly liquid mutual funds to minimize risk.