Highlights of the call

In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions,

Industrial Technology, Consumer Goods, and Energy and Building Technology.

It registered revenue of Rs 3201 crore in Q2, up 13.8%.

PBT stood at Rs 641 crore, up 21.8%.

Other income grew due to higher mark to market gains.

Tractor segment grew 14%.

Passenger car grew 4%.

Profitability growth was on account of higher turnover, improved operational efficiency and higher productivity, which was partially offset by negative exchange rate on material cost.

PAT stood at Rs 420 crore, up 19%.

For the six months sales stood at Rs 6413 crore, up 17.5%.

PBT stood at Rs 1290 crore and PAT stood at Rs 851 crore.

Bosch Limited's performance in the first two quarters highlights the company's continued commitment to delivering best-in-class automotive solutions.

The company is helping customers to meet the challenge of manufacturing vehicles compliant with BS VI emission standards from April 2020 as recently ruled by the Supreme Court.

Outlook for FY 2019 remains optimistic.

The management is glad by the jump in India's ease of doing business.

In the past quarter, Bosch has outperformed the industry in business beyond mobility sectors as well.

As a recognized industry leader in many sectors, the company will continue to present innovations across its business including IoT services and integrated mobility offerings.

Bosch Limited's Mobility Solutions turnover increased 12.3% in Q2. The largest contributor were domestic automotive sales which have increased by 15.1%.

Within the Mobility Solutions business, the Powertrain Solutions division performed especially well, registering double-digit growth of 10.3%.

The Automotive Aftermarket division grew 20.9% after recovering from impact of GST implementation last year.

Bosch's business beyond the Mobility Solutions sector registered a strong growth of 14.3%. The main contributors were the Energy and Building Technology sector and the Power Tools division.

For H1 sales of the Mobility Solutions sector increased 16.3% whereas business beyond the Mobility Solutions sector witnessed growth of 14.3%

The Board also approved buyback of upto 1,028,100 equity shares of the company, on a proportionate basis by way of a tender offer at a price of Rs 21,000 per share for an aggregate amount not exceeding Rs 2159 crore.

Growth in CV was aided by government focus on infrastructure and higher demand from Nepal and Bangladesh. It also grew on the back of new product launches.

Bosch has, in India, the largest development center outside Germany, for end to end engineering and technology solutions

Bosch in India employs over 31000 associates.

The Bosch Group operates in India through thirteen companies.

Last year the company got hit by GST.

Bosch is the largest after market player in India. After market grew 21%. There is no reason why it won't grow well in the future.