Industrial Automation Magazine India

Bosch Limited reports a steady 12.7 percent PBT in FY 2021-22

Published on : Friday 20-05-2022

Overall investments for the fiscal year 2021-22 stood at INR 302 cr Profit Before Tax (PBT) is at 1,500 cr, up by 14.4 percent compared to the previous year.

Bengaluru, May 19, 2022 – Bosch Limited ended its fiscal year 2021-22 with total revenue from operations of INR 11,781 crore, thus registering an increase of 21.2 percent compared to the previous fiscal year. Before exceptional items, Profit Before Tax (PBT) increased by 14.4 percent to INR 1,500 crore PBT in FY 2021-22 thus amounted to 12.7 percent of total revenue from operations. "2022 marks 100 years of Bosch in India, and this significant landmark and heritage was complemented by a positive revenue growth curve throughout FY 2021-22. Amid the multifaceted challenges faced by the automotive industry, Bosch's mobility business demonstrated resilience and recorded a faster-than-market recovery rate on a par with the all-time high posted in 2018-19. We will continue to capitalize inorganic opportunities to expand our digital mobility business by leveraging our Mobility Cloud Platform and Mobility Marketplace for new-age mobility players while actively growing our acquisitions and mergers pipeline," said Soumitra Bhattacharya, Managing Director, Bosch Limited and President, Bosch Group, India.

 
"We acknowledge and appreciate the various initiatives like PLI and scrappage policy implemented by the Government of India towards supporting the auto industry. It is vital to create a clear roadmap to support the industry to further invest and create a stable environment. While these policies have provided an impetus for the auto sector to accelerate growth, the constant changes in regulations have caused challenges for the industry in working towards achieving the set targets. It is imperative for the Government of India and the mobility ecosystem to align their vision and insights, and take steps in the direction of streamlining the auto industry's future." Bhattacharya added.

Total product revenue of Bosch Limited's Mobility Solutions business sector decreased by a marginal 0.8 percent in the quarter ending on March 31, 2022. The total product revenue of business beyond the Mobility Solutions sector increased by 30.5 percent, with the Consumer Goods business sector increasing by 28.4 percent. This is mainly on account of increased e-commerce sales, increased demand for entry-level tools, and network expansion.