Bosch - Technology Leader, Steady Growth Prospects: ICICI Direct
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ICICI Direct Report
Bosch Ltd. is a technology leader providing solutions in automotive, industrial technology, consumer goods, energy and building technology.
The company posted muted Q2 FY22 results. Total operating income grew 17.7% YoY to Rs 2,918 crore.
Automotive products segment grew 14.5% YoY to Rs 2,436 crore while consumer goods and others grew a healthy 41% YoY to Rs 498 crore (led by power tools).
Bosch's Ebitda margins were lower by ~20 basis points QoQ to 12.3%. Consequent profit after tax was at Rs 372 crore in Q2 FY22 versus Rs 260 crore in Q1 FY22.
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