Bosch Q3 Results Preview: Revenue likely to grow 15%, margin may remain in double digits

Bosch Ltd Q3 results 2024 date: Bosch Ltd, the flagship company of Germany's Bosch Group in India, is set to announce its financial results for the October-December period (Q3 FY24) on Tuesday, February 13. Analysts expect the company to stage an operationally strong performance aided b growth in commercial vehicles and two-wheeler industries, and easing input costs.

Brokerages Motilal Oswal Financial Services and Sharekhan estimate Bosch to register 15 per cent growth in revenue for the October-December period on a year-on-year basis.

Motilal Oswal Financial Services analysts peg Bosch’s revenue at Rs 4,208.9 crore for the fiscal third quarter. They estimate the auto parts maker’s net profit for the December quarter at Rs 383 crore, which translates into an increase of 20.1 per cent compared with the corresponding period a year ago.

Analysts at the brokerage estimate Bosch’s third-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) at Rs 486.3 crore, up 20.5 per cent on a year-on-year basis driven by a raw material cost pass-through. However, higher other expenses due to spending on the new business would limit this expansion, analysts at the brokerage wrote in a research report in January.

Sharekhan analysts, however, estimate Bosch’s third-quarter net profit at Rs 371 crore and revenue at Rs 4,217 crore. They peg the auto ancillary company’s EBITDA margin, a key measure of profitability, at 10.7 per cent for the October-December period.

While Sharekhan has a ‘buy’ rating on Bosch with a target of Rs 23,692 per share, Motilal Oswal Financial Services has a ‘neutral’ call with a target of Rs 20,115 per share.

A look at Bosch's Q2FY24 result

For the July-September period, Bosch Ltd reported a net profit of Rs 999 crore as against a net profit of Rs 372 crore for the year-ago period. Its revenue for the fiscal second quarter stood at Rs 4,284 crore, down 1.4 per cent on a year-on-year basis.

Bosch Ltd shares: Past performance

Shares of Bosch Ltd closed trading at Rs 25,425 each, up 0.52 per cent or Rs 131,90 apiece, on Friday, February 9, on the BSE. The company's shares have, over the last five trading sessions, increased over 6 per cent, while in the past three months, the stock has jumped more than 30 per cent. 

What does Bosch Ltd do?

Bosch Ltd is a supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology in India, according to its website.