Bosch Ltd.'s consolidated net profit jumped over twofold to Rs 1,115 crore in the quarter ended June on the back of an exceptional gain, according to an exchange filing on Monday.
Its revenue was up 11% to Rs 4,788 crore from the previous year's Rs 4,317 crore.
Bosch Q1 Highlights (Consolidated, YoY)
Revenue up 10.9% to Rs 4,788 crore versus Rs 4,316.8 crore
Net profit at Rs 1,115 crore versus Rs 465 crore
Ebitda up 23% to Rs 638.7 crore versus Rs 520 crore
Margin at 13.3% versus 12%
The June quarter includes an exceptional gain of Rs 556 crore.
Shares of Bosch closed 1.79% higher at Rs 41,115 apiece on the NSE, compared to a 0.64% rise in the benchmark Nifty. The stock has fallen 27.07% in the last 12 months and 20.57% on a year-to-date basis.
Out of the five analysts tracking the company, one has a 'buy' rating on the stock, two recommend 'hold' and two suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price target implies a potential downside of 27.9%.
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