Rs 205/Share Dividend: Auto Ancillaries Stock Hits 6th 52-Week High As Q3 Net Soars 62%

Bosch Ltd shares gained 5.16% on BSE today as the leading Auto Ancillaries company declared its quarterly results and interim dividend today. Bosch shares hit 6th consecutive 52-week high in trade today. The company announced an interim dividend of Rs 205/- per share for the financial year 2023-24. The company fixed February 23, 2024 as the record date. Bosch shares soared 12% in last 2-weeks and rallied 53% in last 1-year. Check details below:

Bosch Declares Interim Dividend: As per the BSE filing of the company dated February 13, 2024, "The Board of Directors at their meeting held today, declared an Interim Dividend of INR 205/- per share for the financial year 2023-24 on 29,493,640 equity shares of INR 10/- each payable to those shareholders whose names stand on the Register of Members of the Company as on the Record Date Friday, 23rd February 2024. The dividend will be paid on or after 6th March 2024."

Bosch Q3 Results: The company declared its consolidated net profit for the quarter ended December 2023 at Rs 518.10 crore, up 62.46% year-on-year (YoY) as against Rs 318.90 crore in the corresponding quarter of last year. The company announced its revenue from operations at Rs 4205 crore, up 14.89% year-on-year (YoY) as compared to Rs 3660 crore in the similar quarter of last year. EPS came at Rs 175.71 for December quarter as against 108.41 reported in the corresponding quarter of last year.

According to the BSE filing of Bosch, "Approved investment of an amount not exceeding Rs. 5.13 million in the Special Purpose Vehicle (SPV) incorporated by CSE Development (India) Pvt. Ltd set up for the purpose of setting up a 6.25 MWdc Group Captive Solar Power plant in the state of Tamil Nadu by way of purchase and/or subscribing to Equity Shares and/or Compulsorily Convertible Debentures and/or Compulsorily Convertible Preference Shares, in one or more tranches, constituting up to 5.2% of its paid up share capital corresponding to contracted capacity in the SPV."

Bosch Shares Performance & Return: Last trading price of Bosch Ltd shares on BSE is Rs 26,600.80 apiece. The 52-week high price of Bosch shares on BSE is Rs 27,265.00 apiece and 52-week low price is Rs 16,984.00 apiece, respectively. The company has a market capitalisation of Rs 78,455.44 crore. Bosch shares gained 19% year-to-date, rallied 37% in last 3-months, jumped 46% in last 6-months, and offered return of 53% in last 1-year. In last 5-years, Bosch stock jumped 49%. The company has a market capitalisation of Rs 78,455.44 crore.

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.

Disclaimer:

The stock highlights the dividend, Q3 and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.