Bosch Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 20 Aug 2026 | Auto Components | Market Cap: ₹1.4L Cr

Growth driven by increasing content per vehicle, focusing on future-led features like safety, comfort, and personalization. Growth in earnings and profits is expected, driven by increased content per vehicle due to new technologies, safety, comfort, and personalization trends.

From Bosch's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹48,200

Market Cap

₹1.4L Cr

P/E Ratio

60.2

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Bosch — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹5.6K Cr, net profit ₹568 Cr.

Full financials →

📊 Revenue & Sales Performance

→Growth driven by increasing content per vehicle, focusing on future-led features like safety, comfort, and personalization.
→Electrification, including electric two-wheelers and hybrids, is a key growth area with ongoing OEM collaborations.
→Expansion in hydrogen combustion engines expected, targeting 8%-15% market penetration in heavy commercial vehicles by 2030.
→Growth in diesel components for passenger cars and off-highway segments remains strong.
→Positive impact expected from GST reforms enhancing affordability and demand across passenger vehicles, commercial vehicles, two-wheelers, and tractors.
→Growth supported by regulatory norms such as OBD-2 and anticipated ABS mandates.
→Consumer goods division growth through product launches and digital sales channel expansion.
→Export growth intentions continue but approached cautiously due to geopolitical and tariff-related uncertainties.

📈 Profitability & Margins

→Growth in earnings and profits is expected, driven by increased content per vehicle due to new technologies, safety, comfort, and personalization trends.
→Electrification, clean fuels (hybrid, hydrogen, flex fuels) add further growth opportunities in automotive segment.
→Revenue for April-September 2025 grew 10% over previous year; EBITDA grew 16.3% in the same period, driven by favorable product mix and lower material cost.
→Profit after tax for six months ending September 2025 was INR 16,696 million, a 66.7% increase over the prior year, helped by business divestments.
→Margin improvements noted from localization and favorable product mix.
→Steady progress in electric vehicle business expected, though margin pressures remain due to challenging entry business.
→Consumer goods division growth slower due to external factors; company is confident in recovery.
→Export growth is cautiously optimistic due to geopolitical and tariff concerns.
→Hydrogen ICE market penetration expected at 8-15% by 2030 in heavy commercial vehicles, indicating future medium-term growth.

🏗️ Capital Expenditure Plans

The transcript on page 11 does not explicitly mention specific current or future capex, capital investment, or strategic investment plans by Bosch Limited. However, some relevant points inferred from the discussion include: - Bosch is actively working with OEMs on advanced technologies, including hydrogen internal combustion engines, electric two-wheelers, and flux engines. - There is ongoing R&D and pilot projects on hydrogen ICE technology, with expectations of 8-15% market penetration by 2030 in heavy commercial vehicles. - Bosch is exploring and preparing non-ferrite motor technologies for the Indian market. - The company is focused on expanding product portfolios, especially in consumer goods and power tools (cordless 2.0 initiatives), and leveraging digital channels. - Growth is expected from increased technology content per vehicle, such as safety, comfort, hybrid systems, and electrification, implying continued investment in technology development and capacity. No explicit capex figures or timelines were provided.

💰 Fundraising & Capital Structure

The transcript provided on page 11 of the Bosch Limited investors' call dated November 11, 2025, does not mention any current or future plans for fundraising through debt or equity. Key points are: - No explicit discussion or disclosure regarding new fundraising activities via debt or equity. - The management focuses on operational updates, technology development, market positioning, and regulatory impacts. - There is cautious commentary on exports and market conditions but no reference to capital raising. - Financial performance highlights and strategic initiatives are discussed without mention of fresh capital requirements. Therefore, based on the available transcript pages, Bosch Limited has not announced any current or future fundraising plans through debt or equity.

📋 Order Book & Pipeline

→Guruprasad Mudlapur acknowledged having the numbers related to the order book/pending orders but did not have them readily available during the call.
→He offered to provide the specific numbers separately after the call.
→No detailed figures or timelines for current or expected order book figures were discussed during the Q&A session on November 11, 2025.
→The focus during the call was more on growth levers, technology collaborations, and market trends rather than specific order book data.

Key Metrics

What Bosch Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Bosch Q2 FY26 results?

What is Bosch share price analysis?

Bosch currently shows a neutral. The stock trades at a P/E of 60.2 with a market cap of ₹142,171 Cr. Investors should review the full earnings analysis for detailed insights.

Is Bosch planning capital expenditure?

The transcript on page 11 does not explicitly mention specific current or future capex, capital investment, or strategic investment plans by Bosch Limited.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.