Aug 10 (Reuters) – Bosch Ltd, the Indian subsidiary of German auto supplier Robert Bosch, announced on Monday a 12% increase in its adjusted first-quarter profit, driven by strong demand in both the passenger car and commercial vehicle sectors.
The Bengaluru-based company reported a profit before tax and exceptional items of 9.39 billion rupees ($98.53 million) for the quarter ending June 30, up from 8.38 billion rupees in the same period last year.
Revenue from operations for the quarter rose by 22% to 58.42 billion rupees. However, total expenses also saw a 21% increase, primarily due to a rise in the cost of raw materials.
Bosch, which is India’s leading auto parts manufacturer by market capitalization, produces components and accessories for various sectors including cars, two-wheelers, and railway systems. Its automotive products segment, which constitutes the majority of its total revenue, experienced a 23.3% growth, reaching 52.34 billion rupees.
The auto components maker noted a one-time gain of 5.56 billion rupees in the year-ago quarter, which was attributed to the sale of its video solutions business.
Indian automakers have seen a surge in demand following tax cuts implemented last year. Analysts anticipate this positive momentum to persist into the first half of 2027, ensuring robust orders for component suppliers like Bosch.
($1 = 95.3000 Indian rupees)
(Reporting by Mridula Kumar and Payel Das in Bengaluru; Editing by Ronojoy Mazumdar)
