Bosch Ltd posts consolidated PAT of Rs. 481.95 crore in Q4FY21

BOSCH LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3332.99 crores during the period ended March 31, 2021 as compared to Rs.3140.96 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.481.95 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.184.15 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.163.8 for the period ended March 31, 2021 as compared to Rs.62.5 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 3332.99 crs	₹ 3140.96 crs	6.11%
Net Profit	₹ 481.95 crs	₹ 184.15 crs	161.72%
EPS	₹ 163.8	₹ 62.5	162.08%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.3332.99 crores during the period ended March 31, 2021 as compared to Rs.2377.28 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.481.95 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.81.14 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.163.8 for the period ended March 31, 2021 as compared to Rs.27.4 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 3332.99 crs	₹ 2377.28 crs	40.2%
Net Profit	₹ 481.95 crs	₹ 81.14 crs	493.97%
EPS	₹ 163.8	₹ 27.4	497.81%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.10220.20 crores during the 12 months period ended March 31, 2021 as compared to Rs.10388.19 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.480.70 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.649.82 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.163.4 for the 12 months period ended March 31, 2021 as compared to Rs.220.3 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 10220.20 crs	₹ 10388.19 crs	-1.62%
Net Profit	₹ 480.70 crs	₹ 649.82 crs	-26.03%
EPS	₹ 163.4	₹220.3	-25.83%

"Despite facing a spell of near-zero sales in the month of April and May in 2020, there has been a significant increase in the demand from the agriculture sector, mainly the tractor business. Industry showed continued signs of recovery since the second quarter of FY 2020-21, however, it remains impacted due the uncertainties in the market. International market volatilities in the supply chain will also continue to impact the auto sector. Furthermore, we have seen growth in the Power Tools segment, especially in the construction and e-commerce sectors," said Soumitra Bhattacharya, Managing Director, Bosch Limited and President of Bosch India.

"India is witnessing an alarming spike in COVID-19 cases in the second wave of the pandemic. While the central and state governments are doing their bit to accelerate the vaccination drives and ensure the safety of its citizens, we must act responsibly by following the guidelines set by them. The welfare of our employees and people around us is a priority for Bosch. Apart from converting our sports complex into a COVID Care Center for BBMP, donating close to four million medical grade masks to frontline workers and giving free vaccination to all our staff and their dependents, we are also investing in an in-house oxygen generation unit for business purposes as well as an aid to healthcare infrastructure." added Bhattacharya.

Speaking about the outlook for the upcoming fiscal year, Bhattacharya commented: "The auto industry was seeing itself on a road of recovery until early this year and Bosch Limited's positive results is a validation to it. However, with the second wave being more severe, there is a clear uncertainty in the market. With 80 percent of our revenues driven through mobility business, we have been affected adversely. The challenge will be to manage the fluctuating demand, supply chain crisis and changing consumer behavior all at once."

Bosch has a long-term strategy to shape the market in key technologies with innovative products and solutions. Bosch Limited thus continues its stance to be a technology agnostic partner to customers, government, and other stakeholders. While we have successfully managed the transition from BS IV to BS VI, next challenge will be transitioning to TREM 4 and 5, adoption of CAFE norms phase 2 and BS VI stage 2. Amidst the crisis, Bosch in India will continue with the investments in competence development in addition to the solutions designed and developed in India and for India. For all Bosch businesses beyond Mobility Solutions, the company has a two-pronged approach. On one hand, Bosch continues to bring-in 'Fit for market' products and solutions while on the other, the company will increase its 'Go to Market' footprint using both offline and digital platforms. Scaling up E-commerce activities will remain one of the key initiatives in FY2021-22.

Shares of BOSCH LTD. was last trading in BSE at Rs.14670 as compared to the previous close of Rs. 14453.45. The total number of shares traded during the day was 4019 in over 1768 trades.

The stock hit an intraday high of Rs. 14857 and intraday low of 14261.5. The net turnover during the day was Rs. 58973597.

Source : Equity Bulls

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