Bengaluru, India – Bosch Limited, a leading supplier of technology and services, today posted its total revenue from operations of INR 4,911 crores (539 million euros), in Quarter 4 of FY 2024–25, an increase of 16.0% over the same quarter of previous year. This performance is driven by growth in the auto-market, mainly in Tractor and Passenger Car segments.
Profit Before Tax stood at INR 778 crores (85 million euros) which is 15.9% of the total revenue from operations, an increase of 17.8% over the same quarter of previous year. Profit After Tax for the quarter stood at INR 554 crores (61 million euros) which is 11.3% of revenue from operations.
Additionally, the total product revenue of Bosch Limited’s Mobility business sector and Beyond Mobility business sector increased by 14.9% and 1.7% respectively on a quarter- over- quarter basis. The growth in the Mobility business sector can be attributed to increased sales in off-highway and passenger car segments.
“Amid a challenging business environment, we concluded FY24-25 with strong revenue growth and increased sales across businesses. Sustained demand in the off-highway and passenger car segments contributed to our performance this quarter. This development reflects our agility in adapting to dynamic market needs and our continuous focus on customer centricity.” said Guruprasad Mudlapur, President of the Bosch Group in India, and Managing Director, Bosch Limited.
Business development in FY 2024-25
Total revenue from operations for FY 2024-25 was INR 18,087 crores (1,985 million euros), an increase of 8.1% compared to the previous fiscal year. This growth is driven by increased sales in the off-highway segment and Mobility Aftermarket business.
Profit Before Tax (excluding exceptional items) stood at INR 2,731 crores (300 million euros) which is 15.1% of total revenue from operations, an increase of 16.9% over previous year. This improvement is mainly driven by revenue growth, reduction in material cost and budgetary control on expenses.
Profit After Tax (including exceptional items) stood at INR 2,013 crores (221 million euros) which is 11.1% of revenue from operations.
Bosch Limited’s Mobility business sector reported a 7.0% increase in product sales during the fiscal year 2024-25 over the previous fiscal, largely driven by growth in the overall passenger and tractor segments. Domestic sales for Bosch Limited’s Mobility business sector also rose by 6.2%.
Within the Mobility business sector, the Powertrain Solutions division saw a 5.8% increase in sales driven by growth in the tractor segment and an increase in export sales. The Mobility Aftermarket division rose by 8.4% due to increased market demand for diesel components & filters. The Beyond Mobility sector recorded a 4.4% increase in sales due to growth in consumer goods segment.
The Board of Directors has recommended a final dividend of INR 512 per share for the financial year 2024-25.
In a strategic decision, Bosch Limited has decided to divest its 6.97% shareholding in Nivaata Systems Private Limited, Bengaluru, Karnataka, India (‘Routematic’). Bosch Limited had invested in 2020 in Routematic with an aim to expand its digital offering in the office commute landscape. The goals of the investment have since been achieved by Bosch Limited.
Bosch Limited: Outlook for the fiscal year 2025-26
“India is poised to become a leading automotive powerhouse with high levels of engineering and manufacturing excellence. In the coming years, we expect substantial growth in India as a strategic market, with an accelerated shift towards digitalization, electrification and sustainable mobility. At Bosch, we are fully geared to lead this change and remain committed to being the preferred technology partner for OEMs in India and the world over.” says Mudlapur. In parallel, with sustained infrastructural investments, Bosch is well-positioned in the non-mobility areas, further reinforcing its role as a multi-sector technology leader. We are optimistic about our growth prospects in the upcoming quarters and staying resilient despite multiple challenges.
Bosch Group: Outlook for 2025 and strategic course
The Bosch Group is continuing with its ambitious Strategy 2030 to strengthen its competitive position, even though the market environment was a significant brake on growth last year: at 90.3 billion euros, the supplier of technology and services generated 1.4 percent less sales revenue in 2024 than in the previous year, or 0.5 percent less after adjusting for exchange-rate effects. EBIT (earnings before interest and taxes) from operations stood at 3.1 billion euros (2023: 4.8 billion euros); the EBIT margin from operations was 3.5 percent. Referring to the presentation of the company’s annual figures, Stefan Hartung, chairman of the board of management of Robert Bosch GmbH, said: “In the 2024 business year, we achieved important improvements in terms of costs, structures, and portfolio. We are sticking to our ambitious targets in order to continue to grow and strengthen our financial independence. Our Strategy 2030 gives us the orientation we need, especially in times of global turbulence, to become one of the top three providers in our core markets in five years’ time at the latest.”
The corporate strategy is reflected in Bosch’s financial targets as well: with a normal inflation rate of between 2 and 3 percent, Bosch aims to achieve annual growth of between 6 and 8 percent on average until 2030.
