(Corrects to fix hyperlink in key context)

Feb 6 (Reuters) - Bosch Ltd, the Indian unit of German auto supplier Bosch, reported a 16% rise in quarterly profit on Friday, as tax cuts aided a pick-up in demand from carmakers.

Bengaluru-based Bosch posted profit of 5.32 billion rupees ($58.69 million) for the October-December period, compared with 4.59 billion rupees a year earlier.

Quarterly revenue rose 9% to 48.86 billion rupees.

The results included a 206 million rupees impact from India's recently enacted labour codes that was accounted for in the company's employee costs.

For further earnings highlights click here. [FULL STORY]

KEY CONTEXT

Indian auto parts makers benefited from the government's sweeping tax cuts in September that reduced the rate on most vehicles and their parts to 18% from 28%, making them more affordable.

Bosch, which supplies parts across segments, ranging from EV motors to spark plugs, said it benefited from a 21% jump in car sales during the October-December quarter.

PEER COMPARISON

        Estimates Anal    

(next 12 ysts

months) '

sent

imen

t

  RI PE EV Reve Prof Mean # of Stoc Div

C /E nue it rati anal k to yiel

BI grow grow ng* ysts pric d

TD th th e (%)

A (%) (%) targ

et**

Bosch Ltd 40 34 10.2 13.1 Hold 3 1.08 1.40

.2 .5 5 6

3 6

Samvardha 23 9. 9.35 29.8 Buy 21 0.92 0.50

na .7 97 2

Motherson 9

Internati

onal Ltd

UNO Minda 46 26 17.6 25.9 Hold 17 0.90 0.19

Ltd .0 .1 8 3

9 7

Sona BLW 38 22 20.4 19.8 Buy 16 0.90 0.64

Precision .7 .8 3 8

Forgings 8 1

Ltd

* The mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

OCTOBER-DECEMBER STOCK PERFORMANCE   

-- All data from LSEG

-- $1 = 90.6490 Indian rupees

(Reporting by Nandan Mandayam in Bengaluru; Editing by Shreya Biswas)