BOSCH HOME COMFORT INDIA LIMITED Earnings Summary — Q1 FY2027
Bosch Home Comfort India Reports Revenue Growth and Return to Profitability Following Bosch Transition
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 4 consecutive quarters.
- Revenue of ₹1,096 Cr is 28.5% higher year-on-year.
- Revenue has compounded at 16.8% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹23 Cr is 49.4% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at -45.6% annualised across the period.
- Operating margin stands at 3.7% in Q1 FY2027.
- Operating margin compressed by 53 bps year-on-year.
- Over the last two years operating margin has contracted by 194 bps.
- PBT margin is 2.9%.
- Expenses grew 29.2% against revenue growth of 28.5%.
- Operating profit of ₹41 Cr is 12.4% higher year-on-year.
- Operating leverage has been under pressure recently.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 55/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Volatile | 1,096 | 965 | 476 | 405 | 853 | 933 | 432 | 396 | 996 | 772 |
| Expenses | Volatile | 1,055 | 898 | 477 | 441 | 816 | 841 | 422 | 423 | 939 | 690 |
| Operating Profit | Volatile | 41 | 68 | -1 | -36 | 36 | 92 | 10 | -27 | 57 | 81 |
| Operating Margin | Volatile | 3.7% | 7.0% | -0.2% | -8.8% | 4.3% | 9.8% | 2.3% | -6.7% | 5.7% | 10.6% |
| Other Income | Volatile | 6 | 3 | -6 | 1 | 2 | 4 | 4 | 7 | 11 | 1 |
| Interest | Improving | 2 | 3 | 4 | 3 | 2 | 1 | 1 | 1 | 1 | 2 |
| Depreciation | Stable | 13 | 12 | 15 | 15 | 16 | 18 | 17 | 19 | 17 | 16 |
| Profit Before Tax | Volatile | 32 | 56 | -25 | -53 | 21 | 76 | -4 | -39 | 49 | 65 |
| Tax | Volatile | 9 | 15 | -6 | -13 | 6 | 20 | -0 | -9 | 13 | 16 |
| Net Profit | Volatile | 23 | 41 | -19 | -40 | 15 | 56 | -3 | -30 | 36 | 49 |
| Net Margin | Volatile | 2.1% | 4.2% | -4.0% | -9.9% | 1.8% | 6.0% | -0.8% | -7.6% | 3.6% | 6.3% |
Key Takeaways
- Revenue grew significantly by 28.5% YoY to ₹10.95 billion, driven by seasonally strong demand in the Cooling Products segment.
- Net profit saw a robust recovery, rising nearly 50% YoY to ₹227.9 million, despite sequential pressure following a high Q4 base.
- The Cooling Products segment remains the primary driver, contributing ₹10.75 billion to the total revenue for the quarter.
- Promoter shareholding was reduced from 82.22% to 74.52% through an Offer for Sale (OFS) to comply with Minimum Public Shareholding (MPS) norms.
- The quarter marks the first full reporting period following the rebranding to Bosch Home Comfort India Limited.
- Operating margins improved YoY but compressed compared to the preceding quarter due to increased cost of materials and purchase of stock-in-trade.
- The company maintains a high reliance on the seasonal nature of the air conditioning market, typically peaking in Q1 and Q4.
Management Guidance
Management highlighted that the air conditioning business is inherently seasonal, with major demand generated in the first and last quarters of the financial year. The transition to Bosch Group ownership is intended to drive brand alignment and operational continuity.
Sentiment Shift
Improving
Profitability has stabilized following the ownership transition and rebranding, with strong top-line growth outpacing historic averages, though sequential margins remain volatile.
Outlook
The company expects to leverage the Bosch Home Comfort brand for technological integration while managing the seasonal volatility inherent in the Indian HVAC market. The successful completion of the MPS requirement through OFS removes a significant regulatory overhang.
From the Annual Report (Key Quotes)
“The Company predominantly operates in the air conditioning business which is seasonal in nature and major market demand is generated during the first and last quarter of the every financial year.”
“During the quarter... Bosch Global Software Technologies sold 7.70% of the Paid-up Equity Share Capital... and the Company has achieved the MPS requirements.”
“Following this change in ownership and to ensure brand alignment, the Company has been renamed to Bosch Home Comfort India Limited.”
Official Quarterly Documents
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This summary is AI-generated from BOSCH HOME COMFORT INDIA LIMITED's latest quarterly filing and earnings call. For informational purposes only — not investment advice.