Bosch: Q4 results portray that there's more pain before any gain
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New Delhi, May 22 -- Bosch Ltd's shares rose 2.4% despite reporting weak March quarter (Q4FY20) results. Investors believe Bosch is among those component makers that would gain from the auto sector's transition to BS-VI emission norms. Revenues are expected to ramp up on the back of higher "content per vehicle". Note that a few months ago, the firm had stated that BS-VI will open up new projects worth Rs.24,000 crore that will fructify in the coming years.
According to Bharat Gianani, auto sector analyst, Sharekhan, the 18% year-on-year (yoy) drop in net sales in Q4 was far lower than the drop in volumes of original equipment manufacturers (OEMs), which reflects higher content per vehicle. Net sales at Rs.2,236.9 crore was slightly bette...
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