Q1FY19 Result: Bosch PAT spikes 42 per cent
Bosch Limited, a leading supplier of engineering and services, reported its results for the quarter ended June 30, 2018 on Friday. The company’s standalone revenue for the quarter came in at Rs. 3,212 crore, registering 13.5 per cent yoy increase.
Bosch's domestic sales increased by 21.7 per cent and export sales registered a growth of 7.4 per cent. The company’s Mobility solution business grew by 20.5 per cent yoy. While its Powertrain solutions business grew by 26.5 per cent yoy.
EBITDA for the quarter rose by 43.2 per cent yoy to Rs. 628.01 crore with a corresponding margin expansion of 406 bps. EBITDA margin for the quarter stood at 19.6 per cent. The company's PAT for the quarter came in at Rs. 431 crore, yoy increase of 42 per cent.
Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. It enjoys almost 70 per cent market share.
On Friday, the stock opened at Rs. 19,197.45 per share and made an intraday high of Rs. 19,824.95 on the BSE.