• The total investment for the fiscal year 2021-22 amounts to 302 kroner INR
• Profit before tax (PBT) is 1500 kroner, which is 14.4% more than the previous year
• For the quarter ended March 31, 2022, total revenue from operations increased by 2.9 percent compared to the same period last year
• A dividend of INR 210 per share, which includes a special dividend of INR 100 on the occasion of the 100th anniversary of Bosch India is offered for the financial year 2021-22
Bengaluru – Bosch Limited ended its fiscal year 2021-22 with total revenues from operations of 11,781 crores, thus registering an increase of 21.2 percent compared to the previous fiscal year. Prior to extraordinary positions, profit before tax (PBT) increased by 14.4 percent to 1,500 kroner INR PBT in fiscal 2021-22 amounted to 12.7 percent of total operating income. “2022 marks the 100th anniversary of Bosch in India and this significant landmark and heritage has been complemented by a positive revenue growth curve for the 2021-22 financial year. Against the backdrop of the multifaceted challenges facing the automotive industry, Bosch’s mobile business has demonstrated resilience and is recording faster than the market recovery rate on a par with the highest level ever recorded in 2018-19. we take advantage of the inorganic opportunities to expand our digital mobility business by using our cloud mobility platform and mobility market for new age mobility players, while actively expanding our acquisitions and mergers, ”said Sumitra Bhatacharya, Managing Director. , Bosch Limited and President, Bosch Group, India.
The profit after tax (PAT) amounts to 1217 kroons INR. Total investment, including work in progress in 2021-22, is INR 635 crore, with high costs for expanding the Adugodi campus to a smart campus.
Results for the 4th quarter of fiscal year 2021-22
In the 4th quarter of the financial year 2021-2022, which ended on 31 March 2022, Bosch Limited reported total revenue from operations of 3,311 kroons INR, an increase of 2.9 percent compared to the corresponding quarter of 2021. PBT for the current quarter was INR 432 crore, which is a decrease of 32.6% over the same period last year.
“We recognize and appreciate the various initiatives such as PLI and scrapping policies implemented by the Government of India in support of the automotive industry. It is vital to create a clear roadmap to support the industry for further investment and a stable environment. Although these policies have boosted the automotive sector to accelerate growth, constant regulatory changes have posed challenges for the industry at work to achieve its goals. It is imperative that the Government of India and the mobility ecosystem reconcile their vision and insights and take steps to streamline the future of the automotive industry. Bhatacharya added.
Total revenues from Bosch Limited Mobility Solutions business products decreased by a slight 0.8% in the quarter ending March 31, 2022. Total revenues from business products outside the Mobility Solutions sector increased by 30.5%, as the business sector of consumer goods increased by 28.4 percent. This is mainly due to increased e-commerce sales, increased demand for entry-level tools and network expansion.
Business development in the 2021-22 financial year
Bosch Limited’s mobility solutions business sector increased product sales by 22.6 percent in fiscal 2021-22, mainly due to strategic changes in the supply chain, higher order fulfillment and a low base in fiscal 2020-21. Domestic sales increased by 22.2 percent. Within the business of mobility solutions, India’s Powertrain Solutions division grew 21.1 percent and the automotive aftermarket grew 26.5 percent. Businesses outside the mobility solutions sector saw a 31.6 percent increase in sales. The Board of Directors recommended a dividend of INR 110 per share for this twelve-month period. In addition, a special dividend of INR 100 per share was offered to mark the centenary of Bosch India. The total dividend payment for fiscal 21-22 financial year is offered at INR 210 per share.
Bosch Limited: Prospects for Fiscal 2022-23
Speaking about the prospects for the coming fiscal year, Bhattacharya commented: “Bosch Limited is investing in hydrogen-based technologies – both for mobility and for stationary applications. We are in discussions with customers and partners in India to bring to market advanced hydrogen-based propulsion and fuel cell technologies. As electromobility becomes widespread, Bosch has taken the first step towards the introduction of low-carbon transport and is helping to build a sustainable and neutral mobility ecosystem in India. After transforming carbon neutrals (ranges 1 and 2) globally in 2020, Bosch will continue to shape climate action beyond its immediate sphere of influence and will systematically reduce emissions by 15% up and down the chain (band 3). until 2030
Bosch Group: prospects for 2022 and strategic course
In 2021, the Bosch Group achieved significant sales and performance growth despite a difficult environment. In the first quarter of 2022, revenues from sales of technology and service providers increased by 5.2 percent. For the year as a whole, Bosch expects sales to grow by more than 6 percent and achieve an EBIT margin of 3 to 4 percent – despite the likelihood of significant burdens, especially due to rising energy costs, raw materials and logistics. “The successful outcome of the 2021 business year strengthens our confidence as we tackle the challenging environment of the current year,” said Dr. Stefan Hartung, Chairman of the Board of Robert Bosch GmbH. One of the significant uncertainties is the war in Ukraine and all its consequences. According to him, the current situation underscores the pressure on politicians and society to become less dependent on fossil fuels and vigorously seek to develop new energy sources. For this reason, he said, the Bosch Group is systematically continuing its efforts to mitigate global warming, despite the challenging economic environment. In addition, Hartung announced that Bosch will invest around three billion euros over three years in climate-neutral technologies such as electrification and hydrogen.
He believes electrification is the fastest path to climate neutrality, provided it is based on green electricity. That’s why Bosch is moving forward with sustainable mobility: in 2021, the company’s orders for electric mobility exceeded ten billion euros for the first time.
But Hartung also stressed that hydrogen was needed. “Industrial policy must focus on making all sectors of the economy ready for hydrogen,” he said. In the interest of effective climate action, Bosch is also entering the hydrogen electrolysis component business. The company plans to invest nearly 500 million euros in this new field by the end of the decade, half of which by the time of launch, which is scheduled for 2025. At the same time, the chairman of Bosch said that over the next three years the company will invest another ten billion euros in the digital transformation of its business. “Digitalisation also has a special role to play in sustainability – and our decisions start with this premise,” Hartung said. In addition, this year alone Bosch plans to take on 10,000 new software engineers worldwide.
Contact person for press inquiries:
Mr. Uday Philip
Phone: +91 9972975291 Uday.Philip@in.bosch.com
Bosch Limited reports a steady 12.7 percent Profit Before Tax in FY 2021-22