Latest news with #GuruprasadMudlapur
Mint
07-08-2025
- Automotive
- Mint
Bosch receives ₹140 crore demand from customs for differential duty on oxygen sensors, to appeal in tribunal
Auto component maker Bosch Ltd said on Thursday, 7 August, that it has been issued a demand of over ₹ 140 crore, along with interest, from the Indian customs authority for differential duty on oxygen sensors. In a regulatory filing, the company said it has received an order passed by the Principal Commissioner of Customs (Import) Air Cargo Complex, New Delhi, regarding an interpretation of the classification of oxygen sensors. The order is on account of interpretation on classification of oxygen sensors from one category to another, resulting in differential duty of ₹ 70,41,16,516, interest and penalty of ₹ 70,45,59,538, amounting to a total demand of ₹ 1,40,86,76,054 plus interest, it added. Bosch further said it will file an appeal before the tribunal in Delhi, by making a mandatory pre-deposit at the rate of 7.5 per cent on the differential duty demanded. It is in the process of representing this issue before the Central Board of Indirect Taxes & Customs to get clarification on the matter pertaining to oxygen sensors. Earlier this week, Bosch reported an over twofold jump in its consolidated net profit to ₹ 1,115 crore for the first quarter ended 30 June 2025, compared to ₹ 465 crore for the same quarter of the last fiscal year. Its total income rose to ₹ 5,077 crore in the June quarter, up from ₹ 4,496 crore in the year-ago period. During the quarter, the company completed the transfer of its "Video solutions, Access and Intrusions and Communication systems" business, recognising a profit on sale of business for ₹ 556 crore. "Our performance in the first quarter reflects strong growth, driven by increased revenue, higher demand in passenger cars and a reduction in material costs enabled by favourable product mix," Bosch Ltd MD Guruprasad Mudlapur had said. "Despite global challenges, we remain optimistic about the opportunities ahead," he said.
Mint
07-08-2025
- Automotive
- Mint
Bosch receives ₹140 crore demand from customs for differential duty on oxygen sensors, to appeal in tribunal
Auto component maker Bosch Ltd said on Thursday, 7 August, that it has been issued a demand of over ₹ 140 crore, along with interest, from the Indian customs authority for differential duty on oxygen sensors. In a regulatory filing, the company said it has received an order passed by the Principal Commissioner of Customs (Import) Air Cargo Complex, New Delhi, regarding an interpretation of the classification of oxygen sensors. The order is on account of interpretation on classification of oxygen sensors from one category to another, resulting in differential duty of ₹ 70,41,16,516, interest and penalty of ₹ 70,45,59,538, amounting to a total demand of ₹ 1,40,86,76,054 plus interest, it added. Bosch further said it will file an appeal before the tribunal in Delhi, by making a mandatory pre-deposit at the rate of 7.5 per cent on the differential duty demanded. It is in the process of representing this issue before the Central Board of Indirect Taxes & Customs to get clarification on the matter pertaining to oxygen sensors. Earlier this week, Bosch reported an over twofold jump in its consolidated net profit to ₹ 1,115 crore for the first quarter ended 30 June 2025, compared to ₹ 465 crore for the same quarter of the last fiscal year. Its total income rose to ₹ 5,077 crore in the June quarter, up from ₹ 4,496 crore in the year-ago period. During the quarter, the company completed the transfer of its "Video solutions, Access and Intrusions and Communication systems" business, recognising a profit on sale of business for ₹ 556 crore. "Our performance in the first quarter reflects strong growth, driven by increased revenue, higher demand in passenger cars and a reduction in material costs enabled by favourable product mix," Bosch Ltd MD Guruprasad Mudlapur had said. "Despite global challenges, we remain optimistic about the opportunities ahead," he said. The company is investing decisively in hydrogen, electrification, and digital services - positioning itself at the forefront of sustainable mobility.
Business Standard
05-08-2025
- Automotive
- Business Standard
Bosch posts PAT of Rs 1,115.4 crore in Q1; EBITDA rises by 23% YoY
Bosch has reported a net profit of Rs 1,115.4 crore in Q1 FY26, which is more than double the PAT of Rs 465.5 crore posted in Q1 FY25. Revenue from operations rose by 10.9% year-on-year (YoY) to Rs 4,788.6 crore during the quarter. The revenue growth was driven by growth in Power Solutions by 13.7%, Mobility Aftermarket business by 5.2% and 2-Wheeler by 75.4%. EBITDA improved by 23% to Rs 639.3 crore in Q1 FY26 from Rs 519.7 crore in Q1 FY25. The company stated that the absolute growth in EBITDA is mainly driven by revenue growth and reduction in material cost. The profit before tax (PBT) (excluding exceptional items) stood at Rs 838 crore, which is an increase of 37.2% over the same quarter of previous year. The improvement in the pre-tax profit was mainly on account of favourable product mix. The PBT (including exceptional items) stood at Rs 1,394 crore, up 128.2% YoY. During the quarter, Bosch has completed the transfer of its Video solutions, Access and Intrusions and Communication systems business, recognising a profit on sale of business (shown under exceptional item) of Rs 556 crore. Guruprasad Mudlapur, president of the Bosch Group in India, and managing director, Bosch, said: Our performance in the first quarter reflects strong growth, driven by increased revenue, higher demand in passenger cars and a reduction in material costs enabled by favourable product mix. This results from our consistent efforts to strengthen our core businesses while remaining focused on future-ready technologies." In line with the global portfolio changes, Bosch also successfully completed the sale of a part of its Building Technologies business this quarter. Bosch in India is a leading supplier of technology and services in the areas of mobility solutions, industrial technology, consumer goods, and energy and building technology. Additionally, Bosch has in India the largest development center outside Germany, for end-to end engineering and technology solutions. The Bosch Group operates in India through twelve companies and Bosch Limited is the flagship company of the Bosch Group in India. The scrip slipped 1.87% to currently trade at Rs 40,347.05 on the BSE.
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Business Standard
04-08-2025
- Automotive
- Business Standard
Bosch Q1 results: Net profit more than doubles to ₹1,115 crore on gain
Auto component maker Bosch Ltd on Monday reported an over twofold jump in its consolidated net profit to ₹ 1,115 crore for the first quarter ended June 30, 2025, aided by one-time income due to the transfer of a business vertical. The company posted a net profit of ₹ 465 crore for the April-June quarter of the last fiscal. Total income increased to ₹ 5,077 crore during the quarter against ₹ 4,496 crore in the year-ago period, Bosch Ltd said in a regulatory filing. During the quarter, the company completed the transfer of its "Video solutions, Access and Intrusions and Communication systems" business, recognising a profit on sale of business for ₹ 556 crore, it noted. "Our performance in the first quarter reflects strong growth, driven by increased revenue, higher demand in passenger cars and a reduction in material costs enabled by favourable product mix," Bosch Ltd MD Guruprasad Mudlapur said. This results from the company's consistent efforts to strengthen core businesses while remaining focused on future-ready technologies, he added. "Despite global challenges, we remain optimistic about the opportunities ahead," he said. The company is investing decisively in hydrogen, electrification, and digital services - positioning itself at the forefront of sustainable mobility, Mudlapur added. As India moves toward a smarter, cleaner future, Bosch remains a trusted partner in delivering long-term value and innovation-led growth, he said. Shares of the company ended 1.83 per cent higher at ₹ 41,117.60 apiece on the BSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
04-08-2025
- Automotive
- News18
Bosch Q1 net profit surges over twofold to Rs 1,115 cr
Agency: Last Updated: New Delhi, Aug 4 (PTI) Auto component maker Bosch Ltd on Monday reported an over twofold jump in its consolidated net profit to Rs 1,115 crore for the first quarter ended June 30, 2025, aided by one-time income due to the transfer of a business vertical. The company posted a net profit of Rs 465 crore for the April-June quarter of the last fiscal. Total income increased to Rs 5,077 crore during the quarter against Rs 4,496 crore in the year-ago period, Bosch Ltd said in a regulatory filing. During the quarter, the company completed the transfer of its 'Video solutions, Access and Intrusions and Communication systems" business, recognising a profit on sale of business for Rs 556 crore, it noted. 'Our performance in the first quarter reflects strong growth, driven by increased revenue, higher demand in passenger cars and a reduction in material costs enabled by favourable product mix," Bosch Ltd MD Guruprasad Mudlapur said. This results from the company's consistent efforts to strengthen core businesses while remaining focused on future-ready technologies, he added. 'Despite global challenges, we remain optimistic about the opportunities ahead," he said. The company is investing decisively in hydrogen, electrification, and digital services – positioning itself at the forefront of sustainable mobility, Mudlapur added. As India moves toward a smarter, cleaner future, Bosch remains a trusted partner in delivering long-term value and innovation-led growth, he said. Shares of the company ended 1.83 per cent higher at Rs 41,117.60 apiece on the BSE. PTI MSS MSS SHW view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
