Bosch Limited, a prominent provider of technology and services, announced a total revenue of INR 4,911 crores (539 million euros) in the fourth quarter of FY 2024-25, reflecting a 16.0% increase compared to the same period last year. This growth was driven by strong demand in the automotive sector, particularly in the tractor and passenger car segments.
The company reported a Profit Before Tax (PBT) of INR 778 crores (85 million euros), which is 15.9% of total revenue, marking a 17.8% increase over the previous year’s fourth quarter. Profit After Tax (PAT) for the quarter was INR 554 crores (61 million euros), representing 11.3% of revenue.
Bosch Limited’s Mobility and Beyond Mobility sectors saw an increase in product revenue of 14.9% and 1.7%, respectively, compared to the same quarter last year. The Mobility sector’s growth was driven by higher sales in the off-highway and passenger car markets.
“Despite a challenging business environment, we closed FY 2024-25 with robust revenue growth and improved sales across our businesses. The strong demand in the off-highway and passenger car segments significantly contributed to our performance. This reflects our agility in adapting to market demands and our continued focus on customer-centric solutions,” said Guruprasad Mudlapur, President of Bosch Group in India and Managing Director of Bosch Limited.
For FY 2024-25, total revenue from operations was INR 18,087 crores (1,985 million euros), an 8.1% increase compared to the previous fiscal year. This growth was driven by higher sales in the off-highway and Mobility Aftermarket businesses.
Excluding exceptional items, Profit Before Tax for the year stood at INR 2,731 crores (300 million euros), or 15.1% of revenue, representing a 16.9% increase from the previous year. Profit After Tax, including exceptional items, was INR 2,013 crores (221 million euros), which is 11.1% of revenue. The Mobility business sector saw a 7.0% increase in product sales for FY 2024-25, driven by growth in the passenger and tractor segments. Domestic sales in the Mobility sector rose by 6.2%.
Notable growth was also seen in the Powertrain Solutions division, which experienced a 5.8% increase in sales due to higher demand in the tractor segment and increased export sales. The Mobility Aftermarket division grew by 8.4% due to stronger demand for diesel components and filters. The Beyond Mobility sector recorded a 4.4% increase in sales, primarily driven by the consumer goods segment. The Board of Directors has recommended a final dividend of INR 512 per share for FY 2024-25.
In a strategic move, Bosch Limited announced the divestment of its 6.97% stake in Nivaata Systems Private Limited (Routematic), a Bengaluru-based company. Bosch initially invested in Routematic in 2020 to enhance its digital offerings in the office commute sector, achieving its objectives with this investment.
“India is set to become a global leader in automotive engineering and manufacturing. We foresee substantial growth in the country as a key market, driven by advancements in digitalization, electrification, and sustainable mobility. At Bosch, we are fully prepared to lead this transformation and remain committed to being the preferred technology partner for OEMs both in India and globally,” said Mr Mudlapur.
With continued infrastructure investments, Bosch is well-positioned to strengthen its presence in non-mobility sectors, reinforcing its leadership in multiple industries. We remain optimistic about our growth trajectory and resilience in the face of challenges.
The Bosch Group continues to pursue its ambitious Strategy 2030, aiming to enhance its competitive position, despite a challenging market environment in 2024. With a total revenue of 90.3 billion euros, the company reported a slight decline of 1.4% in sales compared to the previous year. Earnings Before Interest and Taxes (EBIT) stood at 3.1 billion euros, with an EBIT margin of 3.5%.
Stefan Hartung, Chairman of the Board of Management of Robert Bosch GmbH, commented, “In 2024, we achieved significant progress in cost optimization, restructuring, and portfolio adjustments. We remain committed to our ambitious goals to strengthen our financial independence and become one of the top three players in our core markets by 2029.” Bosch aims to achieve annual growth of 6-8% on average through 2030, accounting for inflation rates between 2-3%.
In India, Bosch is a leader in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The company operates 17 manufacturing sites and seven development centers, employing over 39,769 associates. In FY 2023-24, Bosch generated consolidated sales of INR 37,912 crores (4.2 billion euros), with INR 34,816 crores (3.8 billion euros) coming from external customers. As the flagship company of the Bosch Group in India, Bosch Limited earned INR 16,727 crores (1.86 billion euros) in FY 2023-24.
