Bosch Q1 FY2024 Results Summary

Company quarterly sales Company Quarterly report for Bosch

Posted by admin on 2024-11-29 17:22:29 |

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 46

---

Bosch reported its Q1 results on August 6, 2024, showing asteady year-over-year (YoY) improvement in performance. The company's toplinerevenue increased by 3.81% YoY, while profit surged by 13.93% YoY. Operatingincome demonstrated a robust growth of 15.51% YoY, reflecting the company’sefficiency gains. However, Selling, General & Administrative (SG&A)expenses rose by 8.21% YoY. The Earnings Per Share (EPS) stood at ₹158.09,marking a 13.91% YoY increase.

On a quarter-over-quarter (QoQ) basis, revenue saw a modestgrowth of 1.97%, but profit declined sharply by 17.32%, signaling potentialchallenges in profitability during the quarter. Operating income dipped by 0.98%QoQ, and SG&A expenses saw a significant decline of 7.39% QoQ, showcasingsome cost containment efforts.

The company’s stock delivered a -6.37% return over the lastweek but has performed strongly over the medium term, with 31.37% returns inthe last six months and an impressive 47.27% year-to-date (YTD) return. Bosch’smarket capitalization as of August 7, 2024, stood at ₹96,442.43 Cr, with its52-week high and low at ₹36,678 and ₹17,931.15, respectively.

Analysts remain divided on Bosch’s outlook. Out of the fouranalysts covering the company, one rated it as Strong Sell, another as Sell,one as Hold, and one as Strong Buy. The overall consensus as of August 7, 2024,is to Hold the stock.

Go!