Strong volume growth in its core segments of M&HCV/tractors should help keep the sales trajectory elevated
Implementation of airbags in other vehicle segments over the medium term will offer further revenue upside for airbag manufacturers, as per rating agency ICRA
Auto components major Bosch Ltd on Thursday reported a 27.28 per cent decline in consolidated net profit at Rs 350.5 crore in the fourth quarter ended March 2022 dragged down by higher expenses. The company had posted a consolidated net profit of Rs 482 crore in the same period previous fiscal, Bosch Ltd said in a regulatory filing. Consolidated revenue from operations during the period under review stood at Rs 3,311 crore as against Rs 3,215.9 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 2,972.2 crore as compared to Rs 2,693 crore a year ago, it added. For the fiscal ended March 31, 2022, consolidated net profit was at Rs 1,217 crore. It stood at Rs 480.7 crore in the previous fiscal, the company said. Bosch said its consolidated revenue from operations in FY22 was at Rs 11,781.6 crore in comparison to Rs 9,716.2 crore in FY21. The company said its board of directors recommended a dividend of Rs 110 per equity share of Rs 10 each
Insurance related stocks could see some action as the India Protection Quotient (IPQ) survey 4, stated that term insurance ownership has gone up from 36 per cent to 43 per cent in the last two years.
Margin expansion aided by localisation efforts is another trigger
Near term margin improvement will also be an area to watch out for
75% of revenue comes from these segments that are less affected by EVs