Rs 280/Share Dividend Declared: Auto Ancillaries Company Posts 14% Surge In Net Profit

Large cap Auto Ancillaries sector company, Bosch Limited announced a surge of 22.7% in its net income to Rs 4063 crore for the fourth quarter of financial year 2023 as against Rs 3311 crore announced in the same quarter last year. Meanwhile, for Q4 FY23, net profit rose 14% to Rs 398 crore as against Rs 350 crore announced for the same period last year. Board of directors of Bosch Ltd recommended a hefty final dividend of Rs 280/- per equity share. Check details below:

Bosch Q4 Results: Soumitra Bhattacharya, Managing Director, Bosch Limited said, "2022 was a historic year as we celebrated 100 years of Bosch in India, and at the same time, it was a year replete with challenges in the market."

Despite all odds, we concluded the year with a strong performance and positive revenue growth. This was primarily fueled by the solid recovery in the auto market post-pandemic," stated Soumitra Bhattacharya.

For Q4 FY2023, the revenues declared at Rs 4,063 crore, up 22.7% YoY.

Bosch Declares High Dividend: According to the BSE filing of Bosch Ltd, "recommended a final dividend of Rs 280/· per equity share of Rs 10 each, subject to approval of shareholders. The total dividend payout for the financial year 2022-23 (including interim dividend Rs 200 paid in March 2023) is Rs 480/· per equity share (previous year Rs 210/· per equity share). The said final dividend, if declared, by the shareholders at the ensuing Annual General Meeting will be paid/dispatched on or after August 10, 2023."

Bosch Stock Performance & Return: The last trading price of Bosch Ltd is Rs 19491.80 per share with intraday rally of 0.69%. The stock's 52-week high price is Rs 19,854.20 per share and 52-week low price is Rs 12,940.10 per share, respectively. The large cap company has a market capitalisation of Rs 57,488.41 crore.
The stock surged 46% in last 1-year, 37% in last 2-years, and 97% in last 3-years.

Bosch About: The Bosch Group is a leading global supplier of technology and services. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility, according to its official website.