Bosch Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 09, 2023 at 04:29 am EST
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Bosch Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 41,301 million compared to INR 36,616 million a year ago. Revenue was INR 42,843 million compared to INR 38,112 million a year ago. Net income was INR 9,998 million compared to INR 3,736 million a year ago. Basic earnings per share from continuing operations was INR 339.02 compared to INR 126.7 a year ago. Diluted earnings per share from continuing operations was INR 339.02 compared to INR 126.7 a year ago.
For the six months, sales was INR 82,885 million compared to INR 72,060 million a year ago. Revenue was INR 86,301 million compared to INR 74,122 million a year ago. Net income was INR 14,091 million compared to INR 7,077 million a year ago. Basic earnings per share from continuing operations was INR 477.81 compared to INR 239.99 a year ago. Diluted earnings per share from continuing operations was INR 477.81 compared to INR 239.99 a year ago.
Bosch is an industrial group that is organized around two product families:
- automotive components and accessories (85.3% of net sales): injection systems, chassis control systems, propulsion systems, generators, mechatronic components and systems, multimedia systems, etc.;
- other (14.7%): mass market products (electric tools and appliances), Industrial equipment (control and industrial automation systems, packaging systems, etc.), and building solutions (heating systems, detection, access control, video surveillance and intrusion detection systems, etc.). In addition, the group offers solar energy solutions.
At the end of March 2018, Bosch has 8 production sites located in India.