Bosch Ltd, the Indian unit of German automotive supplier Robert Bosch GmbH, reported strong Q4 results, leading to a surge in its stock price. The company saw a 41.8% year-on-year growth in consolidated net profit, reaching Rs 564.4 crore for the quarter ending March 31, 2024 (Q4FY24).
This increase was driven by demand for passenger cars and the consumer goods product segment. Last year, the net profit for the same period was Rs 398.1 crore.
Sequentially, Bosch’s net profit grew by 9% from Rs 518.2 crore in the previous quarter. The company’s revenue from operations increased by 4.2% year-on-year to Rs 4,233.4 crore, up from Rs 4,063.4 crore in Q4FY23. Compared to the last quarter, revenue saw a marginal rise of 0.67%, from Rs 4,205.2 crore in Q3.
As of 10:00 am, Bosch shares were trading 1.51% higher at ₹31,269.80 on the NSE.
