Bosch Q3 FY2024 Results Summary

Company quarterly sales Company Quarterly report for Bosch

Posted by admin on 2024-11-29 17:15:32 |

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Bosch declared its Q3 FY2024 results on February 13, 2024,reporting a strong 14.9% year-over-year (YoY) increase in revenue and animpressive 62.09% YoY growth in profit. The Earnings Per Share (EPS) for thequarter stood at ₹160.31, reflecting a significant 47.89% YoY increase,showcasing enhanced profitability on a per-share basis. Operating income alsosaw a robust 76% YoY rise, though Selling, General & Administrative(SG&A) expenses increased by 22.68% YoY, indicating rising operationalcosts.

Quarter-over-quarter (QoQ), Bosch experienced a 1.82%revenue growth, but profit declined sharply by 48.17%, hinting at potentialshort-term challenges. Operating income mirrored this trend with a steep 55.75%QoQ drop, while SG&A expenses slightly declined by 0.36% QoQ, showingmarginal cost-saving measures during the period.

Bosch’s stock performance has been mixed. Over the pastweek, the stock delivered a 5.66% return, reflecting short-term positivity. Italso demonstrated a 45.31% return over the last six months, though itsyear-to-date (YTD) return stood at a relatively lower 18.45%, indicatingmoderate performance in the early months of 2024. The company’s marketcapitalization as of February 15, 2024, was ₹77,570.49 Cr, with a 52-week highof ₹27,300 and a low of ₹16,973.2.

Analyst sentiment remains cautious, with two analystsassigning a Sell rating, one a Hold, and one a Strong Buy. The consensusrecommendation as of February 15, 2024, is to Hold, reflecting a balanced butwatchful approach amidst Bosch's financial fluctuations.

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