Q3 2026 Bosch Ltd Earnings Call Transcript
Key Points
- Bosch Ltd (BOM:500530) reported a 9.4% increase in revenue from operations for the quarter, driven by higher sales in Power Solutions and 2-Wheeler powersports segments.
- The company's EBITDA grew by 5.1% over the same quarter of the previous year, with an improvement in EBITDA margin due to a favorable product mix and expense optimization.
- Profit after tax for the quarter increased by 16.1% over the previous year, with significant growth attributed to the sale of the Video solutions, Access and Intrusions, and Communication systems business.
- The Power Solutions division showed strong growth, particularly in the Tractor and Heavy Commercial Vehicle segments, supported by GST 2.0 rollout.
- Bosch Ltd's Mobility Aftermarket rebounded strongly after an initial impact from GST 2.0, driven by festive demand and improved consumer confidence.
- The Consumer Goods business saw a marginal decline of 3.1% in the quarter.
- Despite strong growth in various segments, the company's margins have remained relatively stable, with no significant movement despite operating leverage and localization efforts.
- The Power Tools division faced challenges due to intense price pressure from Chinese competitors, resulting in moderate growth.
- Bosch Ltd's auto segment growth was lower compared to the growth rates in the CV, tractor, and PV segments.
- The company is not currently supplying e-axles to any OEMs in India, although discussions are ongoing.
Ladies and gentlemen, good day, and welcome to Bosch Limited 3Q FY25, '26 post-results conference call hosted by B&K Securities. From Bosch management, we have with us today Mr. Guruprasad Mudlapur, Managing Director and Chief Technology Officer; Ms. Karin Gilges, Chief Financial Officer.
(Operator Instructions) Over to you, sir.
Okay. Thank you, and good afternoon, everyone, and welcome to our Q3 FY26 earnings conference call. Good afternoon, everyone, and welcome to our Q3 FY26 earnings conference call. We'll begin today with the macroeconomic overview, followed by an update on the automotive market. From there, I'll walk you through the financial performance for the quarter and conclude with key business highlights. We will then open the call for a Q&A session.
The global economy is adjusting to a landscape reshaped by geopolitical events and realignments in the trade relationships among countries. There was tempering of higher tariffs in a few cases
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