Bosch Limited, a key player in automotive and industrial technologies, has reported a strong close to FY 2024–25, reflecting resilience amid market complexities and strategic clarity in a rapidly evolving mobility landscape.
Total revenue from operations stood at INR 18,087 crore, marking an 8.1% growth year-on-year, driven largely by continued momentum in the Mobility and Mobility Aftermarket segments, alongside moderate growth in Beyond Mobility sectors.
Q4 Performance Reflects Sustained Market Demand
In Q4 FY25, Bosch recorded revenues of INR 4,911 crore, a 16% increase over the same period last year. Profit Before Tax (PBT) rose by 17.8% to INR 778 crore, while Profit After Tax (PAT) stood at INR 554 crore, reflecting robust profitability and improved operational efficiency. The Mobility business sector saw product revenue grow by 14.9%, powered by strong sales in off-highway and passenger car segments, while the Beyond Mobility sector posted a modest 1.7% increase.
Full-Year Financials: Margin Gains, Sectoral Strength
For the full fiscal, PBT (excluding exceptional items) reached INR 2,731 crore, up 16.9% from the previous year, accounting for 15.1% of operating revenue—a strong margin underpinned by cost control, reduced material input costs, and revenue growth. PAT, including exceptional items, stood at INR 2,013 crore, or 11.1% of revenue.
The Mobility business remains Bosch’s growth engine, with a 7% rise in product sales and a 6.2% increase in domestic sales. Within this, Powertrain Solutions posted 5.8% growth, largely driven by the tractor segment and export performance. The Mobility Aftermarket division also registered 8.4% growth, boosted by rising demand for diesel components and filters.
On the non-automotive front, the Beyond Mobility segment saw 4.4% growth, supported by increased traction in consumer goods.
Strategic Milestones, Portfolio Rebalancing
In line with its forward-looking strategy, Bosch Limited’s board recommended a final dividend of INR 512 per share. Additionally, the company announced the divestment of its 6.97% stake in Nivaata Systems (Routematic), an investment initiated in 2020 to advance digital offerings in office mobility. With the strategic objectives fulfilled, the exit reflects Bosch’s disciplined approach to capital deployment.
Outlook: Engineering India’s Mobility Transformation
Commenting on the future, Guruprasad Mudlapur, MD of Bosch Limited and President of the Bosch Group in India, highlighted India’s emergence as a strategic market. “With a decisive shift toward digitalisation, electrification, and sustainable mobility, Bosch is positioned to lead this transformation,” he said.
Bosch’s India business is also expected to benefit from ongoing infrastructure investment, reinforcing its presence in non-mobility domains.
Bosch Group’s Global Strategy
Globally, the Bosch Group closed 2024 with revenues of €90.3 billion, a slight 1.4% decline due to challenging macroeconomic conditions. EBIT dropped to €3.1 billion (from €4.8 billion in 2023), resulting in an EBIT margin of 3.5%. Nevertheless, Bosch is staying the course with its Strategy 2030, aiming to rank among the top three technology suppliers in its core markets by 2030, targeting 6–8% average annual growth, assuming stable inflation.
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