bosch · @ bosch corporate relationship department sse limited 1st floor, new trading ring rotunda...

11
@ BOSCH Corporate Relationship Department SSE Limited 1 st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip code:500530 Dear Sir/Madam, The Manager Listing Department National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, C-1, Block G Bandra-Kurla Complex, Sandra (E,) Mumbai - 400 051 Scrip code: BOSCHLTD Bosch Limited Post Box No:3000 Hosur Road, Adugodi Bangalore·560030 Karnataka, India Tel +91 80 6752 1750 www.bosch.in L85110KA1951PLC000761 13.08.2019 Sub: Outcome of the Board Meeting - Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations. 2015: This is to inform you that the Board of Directors of Bosch Limited (the "Company'') at their meeting held today i.e. August 13, 2019 has, inter-alia, approved the Unaudited Consolidated financial results for the first quarter ended June 30, 2019. We enclose herewith the said unaudited consolidated financial results along with the Limited Review Report thereon and Press Release dated August 13, 2019. The Board Meeting concluded at J~ 15 hrs. This is for your information. Thanking you, Yours faithfully, for Bosch Limited, (R esh Parte) Company Secretary and Compliance Officer Encl: as above Registered Office: Bosch Limited, Hosur Road, Bangalore-560030, Karnataka, India Managing Director: Soumitra Bhattacharya, Joint Managing Director: Andreas Wolf

Upload: others

Post on 17-Jul-2020

2 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: BOSCH · @ BOSCH Corporate Relationship Department SSE Limited 1st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip code:500530

@ BOSCH

Corporate Relationship Department SSE Limited 1st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip code:500530

Dear Sir/Madam,

The Manager Listing Department National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, C-1, Block G Bandra-Kurla Complex, Sandra (E,) Mumbai - 400 051 Scrip code: BOSCHLTD

Bosch Limited

Post Box No:3000

Hosur Road, Adugodi

Bangalore·560030

Karnataka, India

Tel +91 80 6752 1750

www.bosch.in

L85110KA1951PLC000761

13.08.2019

Sub: Outcome of the Board Meeting - Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations. 2015:

This is to inform you that the Board of Directors of Bosch Limited (the "Company'') at their

meeting held today i.e. August 13, 2019 has, inter-alia, approved the Unaudited Consolidated

financial results for the first quarter ended June 30, 2019. We enclose herewith the said unaudited

consolidated financial results along with the Limited Review Report thereon and Press Release

dated August 13, 2019.

~ The Board Meeting concluded at J~ 15 hrs.

This is for your information.

Thanking you,

Yours faithfully, for Bosch Limited,

(R esh Parte) Company Secretary and Compliance Officer

Encl: as above

Registered Office: Bosch Limited, Hosur Road, Bangalore-560030, Karnataka, India Managing Director: Soumitra Bhattacharya, Joint Managing Director: Andreas Wolf

Page 2: BOSCH · @ BOSCH Corporate Relationship Department SSE Limited 1st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip code:500530

Deloitte Haskins & Sells LLP

Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru - 560 001 Karnataka, India

Tel : +91 80 6188 6000 Fax: +91 80 6188 6011

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF BOSCH LIMITED

l. We have reviewed the Standalone Financial Results ("Results") of BOSCH LIMITED ("the Company"), for the quarter ended June 30, 2019 included in the accompanying Statement of Unaudited Financial Results for the quarter ended June 30, 2019 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognit ion and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143( 10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For DELOITTE HASKINS & SELLS LLP Chartered Accountants

(Firm's Registration No. 117366W/W-100018)

.r.~ S. Sundaresan

Partner (Membership No. 025776)

UDIN: 19 0 2-511b Af"IP./\%0~""2.o 'l­Place: BENGALURU Date: August 13, 2019

Regd. Office: lndiabulls Finance Cencre, Tower 3, 27'" - 32"' Floor, Senapati Bapat Marg, Elphlnstone Road (West), Mumbai · 400 013, Maharashtra, India.

(LLP Identification No. AAB-8737) '

Page 3: BOSCH · @ BOSCH Corporate Relationship Department SSE Limited 1st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip code:500530

Besch Llmllod

Reg,slered 01t1ce Hosur Read, Adug001, Bengaluru - 560 030

Web 10 YtWW bas.ch Ul. e-m ID •westor@ln Dosch com Tel • 91 80 6752 750

Cl L85 10KA195 PLC000761 PART- I S.t..tarYHml ol Un•udI!cd FI/\Ancla l RHuUt. f£11t lhtt qw.r1~r end-,d Jt,Jne lD, 2019 IRs. In l•~h•J

Stancl•lone ConaoUd.sl~ Cu:r~I P~i!ding Cll>f'rt11•pondmg cu,,.,,, p,__..,. eo.,,,.., ponchr~ ...... -. ..... -. 11,,-.mor,th:s Yur£ndlld dewmc:M'lltl~ -- tht'N' manth• Yut Endtid

P.1r1 iculln ....... ....... ....... .... .. .... ... .... ... Juna lO, 201! M■rd, ll,1019 June lD, 2019 M■n:h ll , 2fll!I JUil'MI lD, :Z011 MaP"t::h :Jt , 2011 June lC, 1011 M.aKh :Jt, 2011

[Un■uchlll!!dj (Audll""I

IUn.11.ldited) (Audio'"') tU""lld1t1'dl (Un■ud1ttdJ IU,,.ud ll""I (Auchted)

IR•l•rncld 5} [lh·f1rMt■ IJ [A IBfl't Mt.I I)

1 lncomo (• ) Ril'W'tNe &om opet• ~ 2,11482 '2 , .. ,9 S l .2 .21s l l l S 191 211&52 2. , ... .,,~ ).21 211 12.2S 191

Cblettldr.come UIS 16.250 11_'66 SH29 UIS ,e= '1 ,• M 59S29

Total lne:Offlll (••b) UT,757 1,'1,115 J,31.531 IJ,U,llO 1,17,757 1,,1 ,1n J ,Jl,HI 1Z,H ,J10

1 E.w:pentH

{• ) Coil of m,tenals consumed 64.3"7 6311, 11,lS! 2,99,239 5',l'7 Slll4 l1 ,l69 2,91.211

{b) PUf U'IHN o! II -4n tr•IM' 1u .n; 14.187 l,20,la2 l 96 IOO ll 71i HIii l ,20 lC2 lN,100

(CJ C,,a innvtn\Ofaol~d-0000, l'IIQI -n.pl'og,eu it1'ld 1o:oc -Cl • .69' 11.nl) (2$.806) t lS 53") 469' (1 111 ) 1211!081 (l !Sl') .... jd} Employe-e beM(rt1, u p e,,s.e 15,755 3, .1 12 lS.015 1,]7.[)42 3S,7SS 34 ,172 lS .015 1,37.042

(e,) r:ll'l ai,c,a COlll 111 314 1 l ,JJ.O 171 l14 I 1,llO

(f) Ot-preoabOn .ana amortiu~o,, l!ITl)C'rtu 1,5~' 11.•JS 1,)90 ,o,,~O 755' 11.4)1 I 390 , 0,, 50

(gt o=,.,, ,pemn ' l ,0 l6 l9 7'' .tl!IUI!, I i-4 ,1!19,Q , 3 0115, l!il 74◄ '' " ' 1.9' .HO

Total UpNMI 2.J7.J1J ?.JS.OU :Z ,'1,7H IUUII UI.JZJ 2,JlJ)U 2,11,711 10,11,l'II

J Prohl before HC..pllonal lt11NT11 •nd LIIC 11 • 2} !5,Q,4J4 "·''° U ,HZ 2.J4 .10J 50,,u, lt,110 14,IU 2.J• ,10J

' Eaecptionalltt m (Reier No-1e 41 1,210 1210

5 Profit betore LM (J • ' I 0,22, SI.ISO ",1,2 u,.,., ,.z.2n M ,UO ... HI U4,10l

' hC~

Cwent l• •

(1) FDI' Cht 'ft'I ' 1),625 IS.521 21 ,192 78,119 1),125 IS,52 1 21,112 70,111 (11) uolot.Jng 10 e■i11c- r year 1),111) IS.3121 ll ,711 1 IS,)121

Ocfcne-d !JU charge/ (etridit) 604 3.210 m 1 l.S62 10• ) 2J4l 1911 ) ,5112

f0Ulto.e.1p,tf!H 14.211 14 ,SIO 21.79' 74.2H 14J.2t 1,.111 Jl ,1t, 74.29' , Prorrt fo, lhl Jl,triod (5 • ' I 27.HI ,,.110

.,_ 1,1,,ao, 27,HI '9,110 ., ,. 1,H ,to<

I Sr\11e o proM ol nsooate l1'ldl ~ '-'t'nWfe 2 11 10 25

9 Nel Profrt aher I.IHI •nd sh.lire- or proM of Auodate and Jo,nt V11n1ure(7 • II 27 ,995 ◄ l , 1 70 4il,0'9 1!1 1,59,104 27 997 41,191 •l,101 1,s1,12g

10 Other c:om r:,teJici,,_,ye income Intl o Income tu] 7,737 2.l63 ] ,506 '116, 77J I V,6J H06 U51 (f'!e,ftt lNt -wt nol ~ red ai.:1rbccl ro Satc-mc:rrt. o! Pi:ofit arid I.O:t'll

II TGUlcompnf'i9fl1 incame tCN" UNI pariad (1 • 10) u !nz "-~ 4i,'°4 ,.n.rn JS,73,1 U ,5'1 '"'" l,'9,7H

12 P..:l-44' e:qu;r, IN.le u ,pr:W 1t=au ..,..w ol RI I DI'~ u .di) 2,!1<9 l 94!i l.CS2 2.14' 2,;., , 2,9'9 l ,052 z,,, l l RC'k!Vt! 11 • CluOW\Q Fl evalwlbon Rll!"te"r'Yt!'I. t ,09 171 , ,01121

" E.arnng1 po!!-r .,n1u 11 (or fb. 11li- ,:,ei.:hl

!•) D1Jlc ,. 9 llS S . .. , 2 S2S 2 9'9 13.'! 5 14 1 2: 52S 2 lb! OiluleO ,. 9 1)6 5 •• , 2 52S2 ,. ' i~s 14 1 2 52H

Page 4: BOSCH · @ BOSCH Corporate Relationship Department SSE Limited 1st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip code:500530

PAAT•I

._.--''"A......,, A""b ... Al- & ~ - Aegulolloft ll ol lho S!BI IU•""9 Obllgmono ..i Ohdowro Aoq-) AoguL,doM lOU (A,.lnL..o""'I

·-- -~ ~-, Cu,~ P-lflOIIIIN c ...... por,d"'O Cu,,..,,

P-"'OIIIIN GOrrHpor,d""I

PMlic,ilan --· -·- -- y-- -- -- .,_,_,,,,. YNIEndod - -- - -.kMeJ0,2011 -31,ZOtl J ..... ,o, 20,a llarch 31, 2G11 , ..... ,., 20ft llol<hS1,l011 Juno JO, lOI\ llatch 31, 2011

(llnoudllad) - (l/naldllad) (Audllad) (l,INud-(1/naidllod) (llnoudltodJ

(Audllad) IRefHnole fl IR--fl

, __ ., s.o,-,,_ __ ,._

fflH5 229,521 2n.111 1.0JO,ln 235.HS 2:zu21 2n.111 1,0l0,872

'°""" 42.441 4S,5" 41,144 200lSO ,2.~1 u.m ,u,o 200.2'11 ,.~,~ m.»1 271.0H J21,I01 1.2JO.N1 271.JM %71,HI 321,I01 1.2l0.N1 ~ ~ Mgffllf'C lewt'UI 514 141 211 5,150 ,,. ,., 2N 5,150 Nat~ from op«dc!N ffl.lS2 21•.111 m.211 1.22&.111 ffl.112 %74,111 SU.211 1.221.1'11

Set__,A_ --- 32,811!1 35.2n ~.031 181,000 32.111 "2n 51.0l1 111,000

'°""" 1.141 I.Ill 5,102 22.874 1,141 1,1:1.1 5.1102 22,174 Toul__.,.- :1.1,114 41,410 11,IU l0).('14 :1.1,114 •tA,1D lt,IJS ZOJ,17' LaN:~- 171 314 I 1,330 171 314 I 1,130

Lea : ~ ~-.......... 1,4)7 1.1111 1,401 21.no 1,437 1,IN 1,401 21.no M,, u..-.... _,. t,175 11.250 11.~ lt,521 t .175 11.250 lt .'68 59,521 ,Add : Pr• ol auooate 2 11 10 2' rota1 pro• betor, w: 42.224 11,1S0 14,112 ll4,10J ,2,221 H,111 14,IOZ 2",121

,,.._ ... _ --- 4Ql,OS4 ,,u,o 407,1113 ,,u,o 40IOS4 411,IMO ,01,113 411,IOO .oe..,. 14"'4 112 112 0,01 12112 14"4 121111 t,'31 02 102

490,500 511.11,2 502,594 511,132 490,IOO 511,112 502.SN 511,IU ·-- &lJ uo 751.&ll tll l10 75UJI &30 302 7510U 1)7~ 151HI TotalAaHtl ,..:u, ''° t~)'OHJ t«o,OA. , ....

1 ·~- l!!M,I! IUO.O).I 1.no 120

s.g--,u.,-__ ,,_ m .111 lle.221 291,02) lle.221 2n.11, :Ne.221 29102') lle.221

. oe..,. 03,.,. UU2 112.&57 85222 ll»G 115222 120,1 M222 340,Nl J.31.00 muo :»i,450 J4D,NJ Jl1,450 351,IIO n, ,,so

. ...-.. l;,Olon 31,•n 21193 37 411. 21193 32425 21113 lT•M 211n Toul UablU1lH 373ua JA.JJ.IJ lM,111 ,u .. , J7J'UA 211..JU .... ,u JU.J4J

, ..... ,. I Theabowe~fNnc:a.8',...__.,ftllf'Md.,,.lhl.AudllCo,nm,lbtiandac)Cll'o.'9dtr,NDoardat.,_..mncngheklClt'l~1l,2019 rt,..1&..won., .... lo,WM~end94M.clll1,201t . ..... l0.2011lt'ld.,.11~M11d\l1,

2019andoo,aolda1Ht..-.forftlq.atwtndld.U.l0. 2018Mdye11encS.dMSdlll,20l9hMbNfiai,fedtorftWlllfla,cllby'NIWl!l.Coryeudil.noftNC,ompa,y

1 Eff~IIIAp,t1 20,1, ,-o,D1C1hnadootadhlAS111~ ... epohdtoal,.ne~Kll,lillngOt1Ap,t1,2019UWIQmoct6e-drffOll)e(Mapptoach OnlhlldataolnulappkdOnNl7CIIC)hnr~~ ..... labMyendni,tol UN HNI WlhCU: ~ opeN"G r.-..... The applC:alicl"I ofh:SAS 111 cld nut twve 11ft materlalmp«1 Ofl V'le dandalonit end cOOIOldlled l'NndalrttJb lo, lltae c,..-,tft ended.MW )0, 2019

' Th.8oerdof0rKtoti~app,~1MprtlpOIM4Nllolp.c~mldlnery~••P"Ocancam1,.,..fflffq~onMr,21 2011'1111bchilM>ft'dtoapprvnilt,yllw~ .. ,,,.~Arn.O.,..-alMHtrig Thie don not~ w,y mat.rillmpecton t. ~ end COf'Welldmdtnane.ir ..... foth C,.,,WW tnlM'd .Ant 30. 2011

• ,,,..~~m.w~.tt - U"llil!l'~ fNIP' CNo"Qrt, tlOl'flf~bfy. Mirdo,,~~~"' 'l4tl Tt...M~~l'l,.,.,, MQffl4fltl 1"'4tc•a,rn,ui,11-WIQ ,,,,,..,...,,.. ThecompM'Jha1"6-,l.,,Ol1Nfotmaoonp,~nciOIQ l nlr\lClulW'Wjl_,.,t~Lo r'ftnM"l ~ a~,-. t "'Of'O~ ,,.OllllliQl'l a..--~t~ '"~aftJ•~ t.,ts..-.nmtbMd ~-~_,,.. ,:, ltlll ~ ~ ...,,_ )0, 201g_

I TN~ lp,n faf I'll~ tndtdU.dl 31. 2018 ••lhl baLa-a,g "'--"~IN~~ lgu'nn ~ oflht tut ~)'tat .-ldtdUt,d'I lf, lOtt Mldllil ~ ~.,.., tD ~ '9#ft'4J&o~fwd ~et-»<IOKM!b«J1.2011

• A.a Pl'f SEBI caCUAI' no C&A/C.FOw'CMOl/4'12011 dlled March 21. 2019, lhe ccraoldaltd lcP•• lo, lhe q.1#1" «ldt-dMArc:h 31 . 2019 Mid ~It ~"""9 30. 201111• IIPP'Offd t,yh P•.,..• Board of Oir9dDrl and hl'n tlOC ~ ~ID •-1>;1w51aUDry-.o1 ... c_,.

-.,a.ng..... l-•0,,.,....,..,.,1 o,,. _13,2011 Manara0nd«

Page 5: BOSCH · @ BOSCH Corporate Relationship Department SSE Limited 1st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip code:500530

Deloitte Haskins & Sells LLP

Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru • 560 001 Karnataka, India

Tel: -+-91806188 6000 Fax: -+-91 80 6188 6011

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF BOSCH LIMITED

l. We have reviewed the Consolidated Financial Results ("Results") of BOSCH LIMITED ("the Parent") and its subsidiary (the Parent and its subsidiary together referred to as "the Group"), and its share of the net profit after tax and total comprehensive income of its associate and joint venture for the quarter ended June 30, 2019 included in the accompanying Statement of Unaudited Financial Results for the quarter ended June 30, 2019 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles la id down in t he Indian Accounting Standard 34 "Interim Financia l Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Aud itor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financia l and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Attention is drawn to Note 6 to the Statement which states that the consolidated figures for the corresponding quarter ended June 30, 2018 and quarter ended March 31, 2019, as reported in the accompanying Statement have been approved by the Parent's Board of Directors, but have not been subjected to review.

4. The Statement includes the results of the following entities:

Subsidiary: MICO Trading Private Limited Associate: Newtech Filter I ndia Private Limited Joint Venture: Prebo Automotive Private Limited

5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes · us to believe that the accompanying Statement, prepared in accordance with the recogn ition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Regd. Office: lndiabulls Finance Centre, Tower 3, 27"' • 32"' Floor, Senapati Bapat Marg. Elphinstone Road (West), Mumbai - 400 013, Maharashtra, India.

(LLP Identification No. MB-8737)

Page 6: BOSCH · @ BOSCH Corporate Relationship Department SSE Limited 1st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip code:500530

Deloitte Haskins & Sells LLP

6. The consolidated unaudited financial results includes the interim financial results of one joint venture which has not been reviewed by their auditors, whose interim financial results reflect total revenue of Rs. 6 lakhs for the quarter ended June 30, 2019, total loss after tax of Rs. 14 lakhs for the quarter ended June 30, 2019 and total comprehensive loss of Rs. 14 lakhs for the quarter ended June 30, 2019 as considered in the Statement. The consolidated unaudited financial results also includes the Group's share of loss after tax of Rs. 6 lakhs for the quarter ended June 30, 2019 and total comprehensive loss of Rs. 6 lakhs for the quarter ended June 30, 2019, as considered in the Statement, in respect of one joint venture, based on their interim financial results which have not been reviewed by their auditors. According to the informat ion and explanations given to us by the Management, these interim financial results are not material to the Group.

Our Conclusion on the Statement is not modified in respect of our reliance on the interim results certified by the Management.

Place: BENGALURU Date: August 13, 2019

For DELOITTE HASKINS & SELLS LLP Chartered Accountants

(Firm's Registration No. 117366W/W- 100018)

!' .~ S. Sundaresan

Partner (Membership No. 025776)

U DIN: 19 o ')..$'-, 1 h f\t'if'.A C?.V Lf 113

Page 7: BOSCH · @ BOSCH Corporate Relationship Department SSE Limited 1st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip code:500530

Bosch limited

Reg,stered office Hosur Road. Adugod,, Bengoluru- 560 030

Website www bosch 1n. e-mail ID. invostor@1n bosd'I com. Tel •918067521750

GIN L851 10KA1951PLC000761

PART- I

Slllh1mr1nt af Unaudited Financ ial Rnutt!I for the!' qu.anu cnided June 30, 2019 {R1. ln l.allhl)

Standalone Consohdat~

CulTI!'nl Pr.coding Correl po,'ldlng C1.1 r~nt Preced ing Correspondtn,g thrnmonthli threom«1th1. thrHmonths VHr Ended lhree motithl lhllNlfflO('ltfi'I lhtct1 month!I Yur Ended

Put.icul.ars ...... ...... ..,.,.., ended ...... ...... Juno 10, 2019 Mareh 1 1, 2019 J une 30, 2Q1l Mari:h 31 , 201' Juno 3D, 20 19 March 31, 2019 June 30, 2018 March 3 1, 2019

[Unud ited) (Audlledl

(Unaud~<d) (Audrted) IU'4aud iledl (Unaud itedl (Unaodited}

IAud ~<dl tRefer note s-, lRofe r ~ell IRefrr nole- 61

1 ln<Offle

(a) Revenue horn 0~~111>0n, V7.882 2.H ,91S 3,21~215 t2.2S,791 2,77,PJP,2 2.7 .. ,9 15 3,2 1.21S 12.25.79 1

(b) 0tt,e1 Income 9,815 16,250 H ,466 S9 ,529 9,875 16 ,lSO 11,46,6 59,529

Toi.al locomo la• bl 2,87 ,757 2,,,,1,s l .lZ,6111 12.85,320 Z,37,757 2,,, ,1n l,32,681 12,a~.320

2 E.apansas

(11) Cosl of matenats con1,UJned 6-4 .347 63 ,884 ! 1.369 2,99,239 6-4 ,3-41 63,a84 81 .369 2.99,239

(b) Purch11se-s ol stoek•W'l•ltade S1 ,77!J 88 ,187 1.20,302 l ,96 ,800 81,779 88 ,187 1.20,302 3,96,800

(c) Changes., • wentoncs of ~d good'l, wo,k-n-progteu •nd s:tock-n- 4,694 (2.721) (26,80b) (11,534) &,694 {2,721) (26,806) (18 ,534) .... (d) Employee bene fits es-pense 35,755 34,172 35.0!5 1,J7,0•2 35.755 3-4 ,112 35 ,085 1.37.042

(e) F1nanc.e c~t.s 178 314 1 1,lJO "' 314 1 1,330

(0 Oepreetatton and ,1moriuut1on t!Ipt!OSC! 7,554 11,05 9,Jg,n 40 ,450 7.554 11,435 9.390 ,40,4S(J

(g) Othet" eapeMes 43 ,016 39,744 48 ,448 1.94 .890 43 ,016 39.7'-4 48 ,08 1,9-' ,890

Tot.alu:~nt.H 2,31,32l 2,lS,015 2,,1,1a, 10.51 .211 2,l7,l2l 2,35,01!5, 2,U,739 10,51 ,217

3 Profit before u cepUon.a l t1em-, and tu. (1 • 2) 50,434 .s&,1SO 14,892 2,.)4 ,1 03 50,04 56,150 '4,892 2.3.t ,103

• E.w~ptional l!em (Refer Note 4) 8 ,210 B,21 0

• Profit before ta:i (l• 41 ,2,22• 5',150 U ,892 2,34,10:) 42 ,224 5',1 50 '4,192 2,3-4, 103

6 Tu erpense

CUffe-n1ta:ii:

(i) for theye-111 13.625 15.52 1 21 ,.a92 76. 119 13,625 15,52 1 21,892 76 ,119

(i ) rela tw1; lo ea,:w:r ~a• 13,111) 15.382) (3.1711 (5.3821

Deterred ta-11 chltgeJ (eredil) 00, 3,230 , .. , 3.S62 604 3.230 (9!) 3.562

Total t.u:e.xpe,n.s11t 1',221 u .,so 21 ,794 U,29'9 1'4,229 14,980 21 ,194 74.299 7 Profit fo r the pc-nod {S . 61 27,995 41 ,110 0 ,098 ,,u .eo, 27,995 '1,170 43,098 1,59,&0-4

• Share ol profit or associate 111nd tQint venture 2 II 10 25

' Ne-I Profrt a fte r U.1es .and !lhate of ptefrt of Anoc~le and Joint Venlure(7•8) 27.9'95 41 ,170 .cJ.o-ge 1.59,804 21.997 '1 ,181 ◄ J , 1 08 1.59,829

10 Otht-r com prel"lenSM! income (net of ina:omc ta.1) 7,737 2,363 3,506 9,969 7,137 2,363 J .506 9,969 {lt,ms that WIii not be ,eeta,1$jllcd to Sta:ement of ?font •~ LonJ

" Total comprehe.,s ,ve income for lhe period (9 • 10) 35,732 4315ll 41 ,604 1,•un U,7H 4l,$44 46,61' u,.na 12 Parid-U? eqU1y share e.ap1:aJ (Fili ce valM!t of Rs IOI• ea c:ti) 2-9'9 2,949 3.052 2,949 2,949 2.,., 3,052 2.!149

13 Reurve eidud:ng Re ... al'.uation RN.erve-s 9.09,611 9,0! 828

1, E•trw'ICIS per ah.are (of Rs 1 Of• eaeh)

(a)8asic. 94.9 136 5 14\2 525 2 94 .9 136 5 14 1 2 '252

(bl Ow1ed 949 136 5 141 2 525 2 9'9 136 5 141 2 5252

Page 8: BOSCH · @ BOSCH Corporate Relationship Department SSE Limited 1st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip code:500530

PAAT•I

._.--''"A......,, A""b ... Al- & ~ - Aegulolloft ll ol lho S!BI IU•""9 Obllgmono ..i Ohdowro Aoq-) AoguL,doM lOU (A,.lnL..o""'I

·-- -~ ~-, Cu,~ P-lflOIIIIN c ...... por,d"'O Cu,,..,,

P-"'OIIIIN GOrrHpor,d""I

PMlic,ilan --· -·- -- y-- -- -- .,_,_,,,,. YNIEndod - -- - -.kMeJ0,2011 -31,ZOtl J ..... ,o, 20,a llarch 31, 2G11 , ..... ,., 20ft llol<hS1,l011 Juno JO, lOI\ llatch 31, 2011

(llnoudllad) - (l/naldllad) (Audllad) (l,INud-(1/naidllod) (llnoudltodJ

(Audllad) IRefHnole fl IR--fl

, __ ., s.o,-,,_ __ ,._

fflH5 229,521 2n.111 1.0JO,ln 235.HS 2:zu21 2n.111 1,0l0,872

'°""" 42.441 4S,5" 41,144 200lSO ,2.~1 u.m ,u,o 200.2'11 ,.~,~ m.»1 271.0H J21,I01 1.2JO.N1 271.JM %71,HI 321,I01 1.2l0.N1 ~ ~ Mgffllf'C lewt'UI 514 141 211 5,150 ,,. ,., 2N 5,150 Nat~ from op«dc!N ffl.lS2 21•.111 m.211 1.22&.111 ffl.112 %74,111 SU.211 1.221.1'11

Set__,A_ --- 32,811!1 35.2n ~.031 181,000 32.111 "2n 51.0l1 111,000

'°""" 1.141 I.Ill 5,102 22.874 1,141 1,1:1.1 5.1102 22,174 Toul__.,.- :1.1,114 41,410 11,IU l0).('14 :1.1,114 •tA,1D lt,IJS ZOJ,17' LaN:~- 171 314 I 1,330 171 314 I 1,130

Lea : ~ ~-.......... 1,4)7 1.1111 1,401 21.no 1,437 1,IN 1,401 21.no M,, u..-.... _,. t,175 11.250 11.~ lt,521 t .175 11.250 lt .'68 59,521 ,Add : Pr• ol auooate 2 11 10 2' rota1 pro• betor, w: 42.224 11,1S0 14,112 ll4,10J ,2,221 H,111 14,IOZ 2",121

,,.._ ... _ --- 4Ql,OS4 ,,u,o 407,1113 ,,u,o 40IOS4 411,IMO ,01,113 411,IOO .oe..,. 14"'4 112 112 0,01 12112 14"4 121111 t,'31 02 102

490,500 511.11,2 502,594 511,132 490,IOO 511,112 502.SN 511,IU ·-- &lJ uo 751.&ll tll l10 75UJI &30 302 7510U 1)7~ 151HI TotalAaHtl ,..:u, ''° t~)'OHJ t«o,OA. , ....

1 ·~- l!!M,I! IUO.O).I 1.no 120

s.g--,u.,-__ ,,_ m .111 lle.221 291,02) lle.221 2n.11, :Ne.221 29102') lle.221

. oe..,. 03,.,. UU2 112.&57 85222 ll»G 115222 120,1 M222 340,Nl J.31.00 muo :»i,450 J4D,NJ Jl1,450 351,IIO n, ,,so

. ...-.. l;,Olon 31,•n 21193 37 411. 21193 32425 21113 lT•M 211n Toul UablU1lH 373ua JA.JJ.IJ lM,111 ,u .. , J7J'UA 211..JU .... ,u JU.J4J

, ..... ,. I Theabowe~fNnc:a.8',...__.,ftllf'Md.,,.lhl.AudllCo,nm,lbtiandac)Cll'o.'9dtr,NDoardat.,_..mncngheklClt'l~1l,2019 rt,..1&..won., .... lo,WM~end94M.clll1,201t . ..... l0.2011lt'ld.,.11~M11d\l1,

2019andoo,aolda1Ht..-.forftlq.atwtndld.U.l0. 2018Mdye11encS.dMSdlll,20l9hMbNfiai,fedtorftWlllfla,cllby'NIWl!l.Coryeudil.noftNC,ompa,y

1 Eff~IIIAp,t1 20,1, ,-o,D1C1hnadootadhlAS111~ ... epohdtoal,.ne~Kll,lillngOt1Ap,t1,2019UWIQmoct6e-drffOll)e(Mapptoach OnlhlldataolnulappkdOnNl7CIIC)hnr~~ ..... labMyendni,tol UN HNI WlhCU: ~ opeN"G r.-..... The applC:alicl"I ofh:SAS 111 cld nut twve 11ft materlalmp«1 Ofl V'le dandalonit end cOOIOldlled l'NndalrttJb lo, lltae c,..-,tft ended.MW )0, 2019

' Th.8oerdof0rKtoti~app,~1MprtlpOIM4Nllolp.c~mldlnery~••P"Ocancam1,.,..fflffq~onMr,21 2011'1111bchilM>ft'dtoapprvnilt,yllw~ .. ,,,.~Arn.O.,..-alMHtrig Thie don not~ w,y mat.rillmpecton t. ~ end COf'Welldmdtnane.ir ..... foth C,.,,WW tnlM'd .Ant 30. 2011

• ,,,..~~m.w~.tt - U"llil!l'~ fNIP' CNo"Qrt, tlOl'flf~bfy. Mirdo,,~~~"' 'l4tl Tt...M~~l'l,.,.,, MQffl4fltl 1"'4tc•a,rn,ui,11-WIQ ,,,,,..,...,,.. ThecompM'Jha1"6-,l.,,Ol1Nfotmaoonp,~nciOIQ l nlr\lClulW'Wjl_,.,t~Lo r'ftnM"l ~ a~,-. t "'Of'O~ ,,.OllllliQl'l a..--~t~ '"~aftJ•~ t.,ts..-.nmtbMd ~-~_,,.. ,:, ltlll ~ ~ ...,,_ )0, 201g_

I TN~ lp,n faf I'll~ tndtdU.dl 31. 2018 ••lhl baLa-a,g "'--"~IN~~ lgu'nn ~ oflht tut ~)'tat .-ldtdUt,d'I lf, lOtt Mldllil ~ ~.,.., tD ~ '9#ft'4J&o~fwd ~et-»<IOKM!b«J1.2011

• A.a Pl'f SEBI caCUAI' no C&A/C.FOw'CMOl/4'12011 dlled March 21. 2019, lhe ccraoldaltd lcP•• lo, lhe q.1#1" «ldt-dMArc:h 31 . 2019 Mid ~It ~"""9 30. 201111• IIPP'Offd t,yh P•.,..• Board of Oir9dDrl and hl'n tlOC ~ ~ID •-1>;1w51aUDry-.o1 ... c_,.

-.,a.ng..... l-•0,,.,....,..,.,1 o,,. _13,2011 Manara0nd«

Page 9: BOSCH · @ BOSCH Corporate Relationship Department SSE Limited 1st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip code:500530

Bosch Limited Hosur Road, Adugodi Bangalore - 560030

E-mail [email protected] Phone +91 9972975291

Corporate Communications/India Head – Shashikant Ameet Rele www.boschindia.com

August 13, 2019 Corp/C/CGR-IN CIN: L85110KA1951PLC000761

Press release

Quarter 01.2019–2020 financial results Bosch Limited registers 12.0 percent (before EI) profit after tax (PAT) amidst automotive market slowdown Total revenue from operations in Q1 of FY 2019–20 declined 13.5 percent

year-on-year. Profit before tax (PBT) after exceptional items stood at INR 422 crores or

15.2 percent of total revenue from operations (before exceptional items stood at INR 504 crores or 18 percent)

Profit after tax (PAT) stood at 10.1 percent of total revenue from operations, a year-on-year decline of 35.0 percent

Bengaluru, India – Bosch Limited, a leading supplier of technology and services, posted total revenue from operations of INR 2,779 crores in Quarter 1 of FY 2019–20, a decline of 13.5 percent. The noticeable drop is mainly due to the automotive market slowdown during the quarter in all the segments. Profit before tax (PBT) before exceptional items stood at INR 504 crores. This is 18.1 percent of total revenue from operations, and a year-on-year drop of 22.3 percent, mainly affected due to lower turnover, commodity price increase and unfavorable forex. Profit after tax (PAT) before exceptional item stood at INR 334 crores which is 12.0 percent of total revenue from operations. The Indian automotive market is undergoing major changes as a result of various economic, regulatory, technological, and market factors, including opportunities arising in electromobility and mobility solutions segments. In light of this, the company has initiated several transformation projects, including restructuring, to remain competitive. The company has set up a provision of INR 82 crores towards restructuring, reskilling and redeployment, that has been disclosed as an exceptional item for the quarter ended June 30, 2019. After allowing for this exceptional item, profit before tax (PBT) stood at INR 422 crores, or 15.2 percent and Net profit after tax (PAT) stood at INR 280 crores, a decline of 35 percent over the same period of previous year.

@) BOSCH

Page 10: BOSCH · @ BOSCH Corporate Relationship Department SSE Limited 1st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip code:500530

Page 2 of 3

“The automotive industry in India is going through a paradigm shift. The slowdown is not cyclical, but structural. Shortage of liquidity accompanied with build-up of inventory, will pose a big challenge and the recovery will take longer than expected. With the outlook for this sector being extremely challenging, the impact on structures, including surplus manpower, is already visible. At Bosch Limited too, we have been investing in restructuring, to enhance efficiencies and to be fit for the future. While every opportunity will be extended for reskilling and redeployment, to align with adjustment of portfolios and competencies, there will be manpower adjustments,” said Soumitra Bhattacharya, the managing director of Bosch Ltd.

Snapshot of divisions’ performance in Quarter 1 “Bosch Limited is deeply committed to the future growth of India. Key investments in future technologies and innovative solutions in the mobility and non-mobility segments will continue. While doing this necessary course correction measures will be taken in order to remain competitive in these challenging times,” added Mr. Bhattacharya. Worldwide, the automotive industry is facing a downward trend. This is also affecting Bosch Limited’s automotive sales, which decreased 17.5 percent in first quarter of 2019–20. Domestic sales decreased 18.2 percent, while export sales declined 8.6 percent. Though the Power Tools and Security Systems divisions disclose positive growth, the company’s non-automotive business posted a decline of 16.0 percent. This was primarily due to a drop in the energy services business.

Contact person for press inquiries: Mr. Uday Philip Phone: +91 9972975291 [email protected] About Bosch in India In India, Bosch 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, viz, Bosch Limited, Bosch Chassis Systems India Private Limited, Bosch Rexroth (India) Private Limited, Robert Bosch Engineering and Business Solutions Private Limited, Bosch Automotive Electronics India Private Limited, Bosch Electrical Drives India Private Limited, BSH Home Appliances Private Limited, ETAS Automotive India Private Limited,

Page 11: BOSCH · @ BOSCH Corporate Relationship Department SSE Limited 1st Floor, New Trading Ring Rotunda Building Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai - 400 001 Scrip code:500530

Page 3 of 3

Robert Bosch Automotive Steering Private Limited, Automobility Services and Solutions Private Limited, Newtech Filter India Private Limited and Mivin Engg.Technologies Private Limited. In India, Bosch set-up its manufacturing operation in 1951, which has grown over the years to include 18 manufacturing sites, and seven development and application centers. Bosch Group in India employs over 31,000 associates and generated consolidated revenue of about ₨.21,450 crores* (2.66 billion euros) in 2018 of which ₨. 15,824 crores*(1.96 billion euros) from third party. The Group in India has close to 18,000 research and development associates. In India, Bosch Limited is the flagship company of the Bosch Group. It earned revenue of over ₨. 12,460 crores (1.54 billion euros) in 2018. Additional information can be accessed at www.bosch.in

About Bosch Group The Bosch Group is a leading global supplier of technology and services. It employs roughly 410,000 associates worldwide (as of December 31, 2018). The company generated sales of 78.5 billion euros in 2018. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 460 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At nearly 130 locations across the globe, Bosch employs some 68,700 associates in research and development. The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH. Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPress.