Bosch Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 13, 2024 at 05:04 am EST
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Bosch Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 42,052 million compared to INR 36,599 million a year ago. Revenue was INR 43,599 million compared to INR 37,911 million a year ago. Net income was INR 5,182 million compared to INR 3,197 million a year ago. Basic earnings per share from continuing operations was INR 175.71 compared to INR 108.41 a year ago. Diluted earnings per share from continuing operations was INR 175.71 compared to INR 108.41 a year ago.
For the nine months, sales was INR 124,937 million compared to INR 108,659 million a year ago. Revenue was INR 129,900 million compared to INR 112,033 million a year ago. Net income was INR 19,273 million compared to INR 10,274 million a year ago. Basic earnings per share from continuing operations was INR 653.53 compared to INR 348.39 a year ago. Diluted earnings per share from continuing operations was INR 653.53 compared to INR 348.39 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.