Auto components major Bosch reported a lower-than-expected performance in the June quarter (Q1FY25).
While revenue growth was weak at 4 per cent over the year-ago quarter, margin performance was subpar.
Most brokerages are cautious on the outlook and have a 'sell' rating. Some have also cut their FY25 and FY26 earnings estimates to factor in the Q1 performance, cost pressures, and near-term headwinds.
Given the multiple concerns on the operating front as well as valuations, the stock has slipped 11 per cent since the beginning of this month. The sales growth of 4 per cent for the second-largest listed auto parts player by market capitalisation came from the mobility segment.
Within this, the replacement market grew 8 per cent led by demand for new-generation diesel components while the power solutions and two-wheeler segments registered gains of 2 per cent and 14 per cent respectively.
Bu hikaye Business Standard dergisinin August 15, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin August 15, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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