Bosch Limited Earnings Summary — Q1 FY2027
Bosch Limited Posts 22% Revenue Growth in Q1 FY2027 Driven by Robust Automotive Demand
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 5 consecutive quarters.
- Revenue of ₹5,842 Cr is 22.0% higher year-on-year.
- Revenue has compounded at 15.4% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹706 Cr is 36.7% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 10.5% annualised across the period.
- Operating margin stands at 14.1% in Q1 FY2027.
- Operating margin expanded by 71 bps year-on-year.
- Over the last two years operating margin has expanded by 202 bps.
- PBT margin is 16.1%.
- Expense growth of 21.0% remained below revenue growth of 22.0%.
- Operating profit of ₹821 Cr is 28.4% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 70/100 (Strong) 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 | Improving | 5,842 | 5,566 | 4,886 | 4,795 | 4,789 | 4,911 | 4,466 | 4,394 | 4,317 | 4,233 |
| Expenses | Improving | 5,021 | 4,784 | 4,273 | 4,178 | 4,149 | 4,264 | 3,883 | 3,834 | 3,797 | 3,676 |
| Operating Profit | Improving | 821 | 782 | 612 | 617 | 639 | 647 | 583 | 561 | 520 | 557 |
| Operating Margin | Stable | 14.1% | 14.0% | 12.5% | 12.9% | 13.3% | 13.2% | 13.1% | 12.8% | 12.0% | 13.2% |
| Other Income | Volatile | 226 | 156 | 200 | 210 | 844 | 237 | 142 | 257 | 179 | 226 |
| Interest | Volatile | 6 | 14 | 4 | 4 | 5 | 6 | 6 | 2 | 3 | 4 |
| Depreciation | Stable | 99 | 116 | 99 | 93 | 85 | 99 | 101 | 90 | 86 | 119 |
| Profit Before Tax | Improving | 942 | 808 | 709 | 730 | 1,394 | 778 | 618 | 726 | 611 | 661 |
| Tax | Improving | 237 | 240 | 177 | 176 | 279 | 225 | 159 | 190 | 145 | 96 |
| Net Profit | Improving | 706 | 570 | 533 | 555 | 1,116 | 554 | 459 | 537 | 466 | 564 |
| Net Margin | Improving | 12.1% | 10.2% | 10.9% | 11.6% | 23.3% | 11.3% | 10.3% | 12.2% | 10.8% | 13.3% |
Key Takeaways
- Revenue from operations grew by 22% YoY to ₹58,419 million, driven by strong demand in passenger car and off-highway segments.
- Automotive product sales surged 25.7% YoY, with the Power Solutions business recording a robust 29% growth due to the buoyant automotive market.
- Reported Net Profit declined YoY primarily due to a high base effect in the prior year which included an exceptional gain of ₹5,560 million from the sale of the Video Solutions business.
- The Two-wheeler business recorded significant growth of 41.4%, led by value-added EMS products and demand from premium motorcycle platforms.
- Strategic expansion continued with the 100% acquisition of Bosch Chassis Systems India Private Limited (RBIC), completed on July 1, 2026, for ₹90,238 million.
- Operating margins improved sequentially to 16.1% at the PBT level, aided by revenue growth and continuous expense optimization.
Management Guidance
Management maintains a cautious optimism for FY2027, focusing on domestic demand bolstered by government capital expenditure while monitoring geopolitical risks and energy price volatility.
Sentiment Shift
Improving
Growth momentum in core automotive segments is accelerating, and the strategic acquisition of RBIC strengthens the mobility portfolio despite the prior year's exceptional gain skewing profit comparisons.
Outlook
The company expects steady growth in the passenger vehicle and commercial vehicle segments supported by stable macroeconomic conditions, though potential El Nino conditions and West Asia conflicts pose risks to rural demand and energy costs.
From the Annual Report (Key Quotes)
“Our business performance in the first quarter is driven by sustained demand across segments, particularly in passenger cars and commercial vehicles.”
“India's automotive sector is undergoing a structural shift towards safer, cleaner and personalized vehicles. At Bosch, we are well positioned to support this transition.”
“These decisive partnerships reflect our integrated approach to stay prepared for the next generation of safer, cleaner, software-driven, and future-ready mobility.”
Official Quarterly Documents
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This summary is AI-generated from Bosch Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.