Bosch Q2 FY2024 Results Summary

Company quarterly sales Company Quarterly report for Bosch

Posted by admin on 2024-11-29 17:18:44 |

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Bosch announced its Q2 FY2024 results on November 12, 2024,reporting a 6.4% year-over-year (YoY) increase in revenue. However, profitwitnessed a significant decline of 46.32% YoY, highlighting challenges inmaintaining profitability. In contrast, the company’s Earnings Per Share (EPS)for the quarter stood at ₹169.85, marking a 23.86% YoY increase, reflectingbetter per-share profitability despite the overall dip in profits.

Quarter-over-quarter (QoQ), Bosch showed steady growth, withrevenue rising by 1.8% and profit increasing by 15.1%, indicating some recoveryin operational efficiency. Operating income followed a similar trend, posting a19.56% QoQ growth. However, year-over-year, operating income declined sharplyby 55.83%, underscoring broader financial challenges. The company’s Selling,General & Administrative (SG&A) expenses increased by 2.66% QoQ and 2.44%YoY, signaling modest cost pressures.

Bosch’s stock performance has been mixed. Over the pastweek, the stock delivered a -6.55% return, but it remains resilient over themedium term, with a 4.38% return in the last six months and an impressive 49.88%year-to-date (YTD) return. The company’s market capitalization as of November13, 2024, was ₹98,150.41 Cr, with a 52-week high of ₹39,088.8 and a low of ₹19,500.

Analyst sentiment remains divided. Of the four analystscovering Bosch, one recommended a Strong Sell, one a Sell, one a Hold, and onea Strong Buy, reflecting differing perspectives on the company’s outlook. Theconsensus recommendation as of November 13, 2024, is to Hold, highlighting acautious approach amid fluctuating financial performance.

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