Bosch Posts Mixed Q2 Results, Profit Slumps Amid Revenue Growth

Mumbai, Dec 15, 2024: German multinational engineering and electronics company Bosch has released its Q2 results on November 12, 2024, showcasing a topline increase of 6.4 percent year-over-year, but a significant decline in profit compared to the same period last year.

The company's revenue growth stood at 1.8% quarter-on-quarter, with an additional 15.1% growth in profit, indicating a positive trend despite overall profit decrease. Bosch's EPS for Q2 is reported at ₹169.85, reflecting a 23.86% increase on a year-over-year basis.

However, the operating expense stood out as the notable exception, showing a decline of 55.83% compared to the previous quarter and a year-over-year growth of 6.4%.

Bosch's stock performance has seen fluctuations over the past week, delivering a -6.55% return but showcasing a positive 4.38% rise in the last six months and an impressive 49.88% return so far this year.

As per market data, Bosch currently holds a market capitalization worth ₹98150.41 Crore and has recorded significant 52-week highs at ₹39088.8, with the lowest price of ₹19500 being recorded during the given period.

Market analysts have divided their outlook on the company's stock performance, resulting in one Strong Sell, one Sell, one Hold, and one Strong Buy rating among the four covering Bosch.

As of November 13, 2024, the overall consensus recommendation for Bosch stands at a "Hold" note from analysts, indicating a cautious outlook over its fluctuating financial performance.