Bosch spikes after reporting Q4FY18 numbers

Bosch (India ) reported standalone revenue for the quarter at Rs. 3,158.03 crore, registering 13.6 per cent yoy increase.

EBITDA for the quarter fell by 1.8 per cent yoy to Rs. 691.37 crore with a corresponding margin contraction of 342 bps. EBITDA margin for the quarter stood at 21.9 per cent. This margin contraction was led by higher purchase of stock in trade in the quarter.

The company’s net profit for the quarter remained almost stable at Rs. 433.78 crore as compared to Rs. 440 crore in corresponding quarter of last year.

The board of directors have recommended a dividend of Rs. 100 per equity share of Rs. 10 each, for the FY18.

Looking at full year numbers, the revenue for FY18 rose marginally 5.6 per cent yoy to Rs. 11,872 crore. EBITDA for the periods rose 6.8 per cent yoy to Rs. 2,093 crore. EBITDA margin for full year stood at 17.6 per cent. However, net profit during the period slide 21.3 per cent yoy to Rs. 1,371 crore.

Overall, the company made capital investments of around Rs. 460 crores in FY18.

After posting this result, the stock of Bosch surge almost 4 per cent to touch an intraday high of Rs. 18,279. At 14.36 hours, the stock was trading at Rs. 18,085 per share, up by 2.6 per cent.