Bosch Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 24, 2024 at 07:57 am EDT
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Bosch Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 42,334 million compared to INR 40,634 million a year ago. Revenue was INR 44,595 million compared to INR 41,992 million a year ago. Net income was INR 5,640 million compared to INR 3,981 million a year ago. Basic earnings per share from continuing operations was INR 191.22 compared to INR 134.99 a year ago. Diluted earnings per share from continuing operations was INR 191.22 compared to INR 134.99 a year ago.
For the full year, sales was INR 167,271 million compared to INR 149,293 million a year ago. Revenue was INR 174,495 million compared to INR 154,025 million a year ago. Net income was INR 24,913 million compared to INR 14,255 million a year ago. Basic earnings per share from continuing operations was INR 844.68 compared to INR 483.32 a year ago. Diluted earnings per share from continuing operations was INR 844.68 compared to INR 483.32 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.