Bosch Limited has informed the Exchange about Transcript
BOSCHLTD · price
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Bosch Limited reported Q1 FY26 revenue of ₹4,788.6 crore, up 10.9% year-on-year but down 2.5% sequentially. EBITDA rose 23% YoY to ₹639.3 crore, while profit after tax jumped to 23.3% of revenue (from 10.8% YoY) — though this was largely boosted by a one-time gain from the divestment of its Building Technologies business (Video Solutions, Access & Intrusion, Communication systems). The Mobility business grew 14.3% YoY led by Power Solutions (+13.7%) and a sharp 39.2% sequential jump in two-wheelers driven by OBD-2 norms implemented from April 1, 2025. Management flagged concerns around rare earth magnet supply constraints, with current inventory coverage only until end of August and a global task force working on alternatives. Bosch Power Solutions India will lead powertrain and vehicle technology for the commercial vehicle segment going forward. The Tata Electronics MoU is at the Bosch Germany level (not the listed entity), and the Johnson Controls-Hitachi acquisition is housed outside Bosch Limited.
The headline PAT figure is inflated by a one-off divestment gain, so underlying operating performance growth is more modest than the 23.3% margin suggests. Positive momentum in two-wheelers and Power Solutions leadership in commercial vehicles supports growth visibility, but rare earth supply risks and weak European auto demand remain near-term overhangs. Clarity on potential merger of sister entities (housing ADAS and electronification) is still pending and will be a key structural trigger to watch.