Bosch Q2 Results FY27: Profit Rs 840 Cr, 3:1 Bonus and 1:5 Split

Auto Components · Bosch Limited

In the Bosch Q2 results, revenue grew 28.2% and profit 19%, but a Rs 130 crore one-off, a new subsidiary and a 20-for-1 share change need careful reading.

Updated: Saturday, 7 November 2026, 11:00 AM IST  |  Reading time: 19 min  |  Next update: the Bosch record date and postal-ballot dates, once announced

Latest update (Saturday, 7 November 2026, 11:00 AM IST): Bosch reported on Friday, 6 November 2026. The record date, postal-ballot dates, an official NSE close and the filing’s EBITDA line were not found as of the time above.

In plain words: a stock split divides one share into several of lower face value, and a bonus issue gives existing holders extra shares free from reserves. Both increase the share count and reduce the price per share without changing the value of your holding by themselves. Standalone profit is for Bosch Limited alone; consolidated adds subsidiaries.

Data note: as of Saturday, 7 November 2026, 11:00 AM IST. Figures come from news reports of the results and the corporate-action filing, not from the filing itself. Year-ago consolidated figures appear restated. Share prices are from 6 November 2026.

Bosch Q2 results FY27: what are the key numbers?

Bosch reported a consolidated net profit of about Rs 840 crore for the quarter ended 30 September 2026, up 19% year on year, on revenue from operations of Rs 7,655 crore, up 28.2%. The board approved the unaudited results on Friday, 6 November 2026, together with a 1:5 stock split and a 3:1 bonus issue. These Bosch Q2 results also include a newly acquired subsidiary for the first time and a Rs 130 crore one-off, so the headline needs care.

Cite this table: PositionalCalls, “Bosch Q2 FY27 key numbers, as of 4 November 2026”.

Data note: figures are as of Saturday, 7 November 2026, 11:00 AM IST, as reported by Business Standard, Upstox, Kotak Neo, Deccan Herald, Multibagg and Sahi on 6 and 7 November 2026. I have not opened the BSE or NSE filing, so small differences between outlets remain. Derived figures are my calculation.

Which Bosch profit is right: Rs 840 crore or Rs 674.6 crore?

Both are right. Rs 840 crore is consolidated profit against a restated Rs 708.4 crore base, and Rs 674.6 crore is standalone profit against Rs 554.2 crore. The Rs 554 crore base in our preview was the standalone figure, which is why a headline that says up 19% can look different from our preview mark.

Cite this table: PositionalCalls, “Bosch standalone versus consolidated, Q2 FY27, as of 4 November 2026”.

Consolidated results this quarter include Bosch Chassis Systems India, which Bosch acquired as a wholly-owned subsidiary during the quarter and consolidated for the first time. When Bosch reported Q2 FY26 in November 2025, Business Standard called its Rs 554 crore profit consolidated. The year-ago consolidated profit is now shown as about Rs 708 crore, and year-ago consolidated revenue as Rs 5,969 crore against Rs 4,795 crore originally. The year-ago gap of about Rs 1,175 crore in revenue and Rs 154 crore in profit between the two bases suggests the comparison has been restated to include the subsidiary. That is my inference. I could not confirm it from the filing.

In plain words: standalone numbers are for Bosch Limited alone. Consolidated numbers add its subsidiaries. If you compare this quarter’s consolidated figure with last November’s headline, you are comparing two different bases.

How did the Bosch Q2 results compare with our preview marks?

Revenue beat the top of the preview marks, profit landed in the middle range, and the margin was weaker than the scenarios assumed. Our Bosch Q2 results preview, published on Monday, 2 November 2026, set the standalone base and reading marks. The table checks them.

Cite this table: PositionalCalls, “Bosch Q2 FY27 preview-versus-actual scorecard, as of 4 November 2026”.

Standalone revenue of Rs 6,164 crore is about 5.5% above Q1 FY27’s Rs 5,842 crore, yet standalone profit of Rs 674.6 crore is about 3.9% below Q1’s Rs 701.8 crore if the Q1 figure is on the same standalone basis (my calculation). Revenue grew faster than profit, so the net margin narrowed from 11.6% a year ago to 10.9% on the standalone basis. At the revenue the company reported, the scenario grid’s 11.6% margin would have meant about Rs 715 crore, so the shortfall is margin, not sales.

The preview is still the place for the date check, the base-to-beat tables and the reading steps. This page now owns the actual numbers.

How much did the Rs 130 crore one-off add to Bosch profit?

Bosch booked an exceptional gain of Rs 130 crore from reversing a long-service-award provision, which lifted profit before tax from Rs 992 crore to Rs 1,122 crore. Without it, profit growth would have been far smaller.

Deccan Herald reports that Bosch reassessed the liability and is discontinuing the long-service benefit for managerial staff from 1 January 2027. Kotak Neo describes the quarter’s profit as including a one-time gain of Rs 130 crore. The reversal is a non-cash accounting item, so it adds to reported profit without any new sales or cost saving in the quarter.

Cite this table: PositionalCalls, “Bosch Q2 FY27 profit without the one-off, as of 4 November 2026”.

Assumptions: a flat 25% tax on the Rs 130 crore (so Rs 97.5 crore after tax), the gain sitting in both consolidated and standalone numbers, and no exceptional item in the year-ago base. Business Standard’s Q2 FY26 report did not mention one. This is an illustration of scale, not Bosch’s adjusted profit. Check the exceptional-items note in the filing.

Even on this cautious reading, revenue growth of more than 28% and underlying profit growth of about 4% to 5% tell different stories. That gap is the main analytical point in the Bosch Q2 results, and most headline articles skip it.

What happened to Bosch margins in Q2 FY27?

Margins fell: standalone net margin was about 10.9% against 11.6% a year ago, and consolidated net margin about 11.0% against 11.9%. Profit before tax including the exceptional gain was 14.7% of consolidated revenue.

Cite this table: PositionalCalls, “Bosch Q2 FY27 margin table, as of 4 November 2026”.

EBITDA was not in the reports I reviewed, so I cannot show an operating margin. A basis point (bps) is one hundredth of a percentage point. The narrowing could come from the mix of newly consolidated businesses, material costs or other lines. Bosch gave no segment profit and no guidance in the release, according to one summary, so the cause is not confirmed.

A Sahi summary describes cautious second-half commentary about inflation and monsoon effects on rural demand, while Multibagg says the announcement had no revenue or profit guidance for the rest of FY27. Those cannot both be right about the same document, so I do not rely on either for outlook. Check the company’s press release and call remarks.

Bosch 1:5 stock split and 3:1 bonus: what changes for shareholders?

Each Rs 10 share will be split into five shares of Rs 2, and Bosch will then issue three bonus shares of Rs 2 for every one Rs 2 share held, so one old share could become 20. Both steps are subject to shareholder approval by postal ballot, and the record date is not yet announced.

Cite this table: PositionalCalls, “Bosch split and bonus share maths, as of 4 November 2026”.

The release wording defines the bonus as three equity shares of Rs 2 for every one equity share of Rs 2, which is why I apply it after the split. If the filing’s order of events differs, the arithmetic will change, so confirm the sequence on the exchange page. The authorised share capital is also being raised from Rs 38.05 crore (3,80,51,460 shares of Rs 10) to Rs 150 crore (75 crore shares of Rs 2), as reported by Business Standard.

A split and a bonus do not create value by themselves. They increase the number of shares and reduce the price per share in proportion. Using the indicative close of Rs 50,700 on 6 November, one old share would be worth the same Rs 50,700 spread over 20 shares, or about Rs 2,535 each (my illustration, ignoring any later price move). Bonus shares are paid out of the company’s reserves, which become share capital.

To be eligible you normally need to hold the shares on the record date. Under T+1 settlement the ex-date is expected to be the same as the record date, so buying shares on or after the ex-date will not qualify. As I understand the rules, bonus shares carry a nil cost of acquisition and the holding period runs from the allotment date. Please check the current rules in our capital gains tax on shares guide or with a tax adviser before selling.

How did the Bosch share price react to the Bosch Q2 results?

Bosch shares fell about 3.4% to an indicative close of Rs 50,700 on Friday, 6 November 2026, after hitting a 52-week high of Rs 52,650 earlier in the day. The intraday low was Rs 50,400, about 4.3% below the high.

Cite this table: PositionalCalls, “Bosch share price around the Q2 FY27 results, as of 4 November 2026”.

The stock had risen more than 20% in the two weeks before the results, from about Rs 43,650, so some good news was already in the price. The indicative close implies a previous close of about Rs 52,470 (my calculation). An official NSE close and brokerage notes were not found as of Saturday, 7 November 2026, 11:00 AM IST. This page gives no rating or price target, because PositionalCalls.com is not a SEBI-registered research analyst or investment adviser.

Bosch Q2 FY27 versus Q1 FY27 and Q2 FY26

Compared with Q1 FY27, standalone revenue rose about 5.5% and standalone profit fell about 3.9%, while year on year both grew strongly.

Cite this table: PositionalCalls, “Bosch three-quarter comparison, as of 4 November 2026”.

Automotive product sales rose 29.8% year on year, slightly faster than the 28.2% consolidated revenue growth. Bosch did not disclose revenue or profit for individual businesses in the release summary I reviewed, so I have no segment table for this quarter, unlike the preview’s Q1 table.

How do the Bosch Q2 results fit the auto and industrial results season?

Bosch’s 28% revenue growth is among the stronger prints in the auto-parts group, helped by an acquisition. Hindalco reported the same day, and other companies in our coverage show different margin patterns.

On the same day Business Standard reported Hindalco’s consolidated profit up 59% to about Rs 7,533 crore, which is covered in our Hindalco Q2 results page. For margin pressure in engine and industrial names, read Cummins India Q2 results and Exide Industries Q2 results. For vehicle makers see M&M Q2 results, Tata Motors Q2 results, Maruti Suzuki Q2 results and TVS Motor Q2 results. The full list is in the Q2 results calendar and the auto category.

How to read the Bosch Q2 results: a decoder table

Check six lines: consolidated or standalone basis, exceptional items, margin, acquisition effect, corporate-action dates and the price.

Cite this table: PositionalCalls, “Bosch Q2 FY27 results-day decoder, as of 4 November 2026”.

What this means if you hold Bosch shares

You do not need to act on the announcement itself. The record date and postal-ballot outcome are the dates that matter.

• What you need: shares held in your demat account on the record date once it is announced.
• What it costs: receiving bonus shares is not charged by the company. Brokerage and depository charges apply only if you trade, so check your broker’s current schedule.
• Tax angle: see the capital gains tax on shares guide and ask a tax adviser about the holding period and cost of bonus and split shares.
• Safer approach: compare quarterly profit trend, margin and the one-off, not only the number of shares after the split.
• Scam warning: fake messages offering bonus-share allotment links, KYC updates or paid tips are common. Check only the exchange website and your depository statement.
• NRI note: not covered here; confirm with your bank or adviser.

What most people miss in the Bosch Q2 results

What to watch next, and a checklist

Watch for the postal-ballot notice and the record date. The Q3 FY27 results date was not confirmed as of Saturday, 7 November 2026, 11:00 AM IST.

• The exchange announcement of the record date and ex-date.
• Postal-ballot dates and the approval result.
• The exceptional-items note and the standalone EBITDA line in the filing.
• How much Bosch Chassis Systems India added to revenue and profit.
• Management comments on the second half, which I could not verify.
• Raw material and rupee effects on margin.

Your checklist:

• I know which basis (standalone or consolidated) I am comparing.
• I have removed the Rs 130 crore one-off in my own view of profit.
• I have not assumed the record date.
• I understand that the split and bonus do not change the value of my holding by themselves.
• I have read the exchange filing myself.

Analyst’s note

The points below are my reasoning from the reported numbers. They are not a recommendation.

Bottom line

Part of the Auto series under Earnings coverage. Our Bosch Q2 results preview has the date check and the original base-to-beat tables.

Bosch Q2 results FAQs

Sources

• Bosch Limited Q2 FY27 results and press release on the BSE and NSE announcement pages (primary; not opened for this page).
• Business Standard, “Bosch slips 4% from day’s high; announces 1:5 stock split, 3:1 bonus issue”, 6 November 2026 (opened).
• Kotak Neo, “Bosch share price falls 3.38% after stock split and bonus issue announcement; Q2 results”, 6 November 2026.
• Upstox, Q2 results live updates for 6 November 2026.
• Deccan Herald, “Bosch reports 19% jump in Q2 PAT to Rs 840 crore, revenue rises 28.2%”, 7 November 2026.
• Multibagg and Sahi summaries of the Bosch Q2 FY27 announcement, 6 November 2026 (single-source details flagged).
• Business Standard, “Bosch Q2FY26 results: Net profit up 3.4% at Rs 554 cr, revenue grows 9%”, 11 November 2025, for the year-ago base.

Editorial disclosure: PositionalCalls.com is an independent research and education site founded by Shubham Chaudhary. PositionalCalls.com is not a SEBI-registered research analyst or investment adviser. Investments in securities markets are subject to market risks. Read all related documents carefully before investing. Returns are never guaranteed. How I researched this: I read the company’s results as reported by Business Standard, Upstox, Kotak Neo and Deccan Herald, compared figures across sources, recalculated every derived number shown as my calculation, and listed disagreements instead of choosing the more exciting number.