Bosch Home Comfort India posts Rs 41.66 crore quarterly loss

Bosch Home Comfort India Limited, referred to here as Bosch Home Comfort India, reported a Rs 41.66 crore net loss for the quarter ended September 30, 2026, against a Rs 39.96 crore loss a year earlier, as the cooling-products segment’s EBIT loss widened to Rs 55.12 crore despite revenue from operations rising to Rs 471.12 crore.

Why did Bosch Home Comfort India make a September-quarter loss?

Bosch Home Comfort India made a September-quarter loss because total expenses of Rs 526.33 crore exceeded total income of Rs 471.77 crore in the quarter ended September 30, 2026. Loss before exceptional items and tax was Rs 54.56 crore, compared with a Rs 42.64 crore loss before exceptional items and tax in the quarter ended September 30, 2025.

The net loss widened to Rs 41.66 crore from Rs 39.96 crore despite a deferred-tax credit of Rs 13.80 crore in the latest quarter. The comparable 2025 quarter included exceptional expenses of Rs 9.97 crore, which took loss before tax to Rs 52.61 crore, while the September 2026 quarter had no exceptional item. Basic and diluted loss per share was Rs 15.30, compared with Rs 14.70 a year earlier.

The quarter also contrasted with the immediately preceding quarter ended June 30, 2026, when Bosch Home Comfort India posted net profit of Rs 22.79 crore on revenue from operations of Rs 1,095.52 crore. The company states that its air-conditioning business is seasonal, with major market demand generated during the first and last quarter of each financial year, rather than the September quarter.

How did Bosch Home Comfort India’s cooling-products business perform?

Bosch Home Comfort India’s cooling-products business reported an EBIT loss, or earnings before interest and tax loss, before exceptional items of Rs 55.12 crore in the September 2026 quarter, widening from a Rs 42.22 crore loss a year earlier. This segment produced Rs 450 crore of revenue, making it the company’s largest business by sales during the quarter.

Cooling-products revenue increased from Rs 391.50 crore in the September 2025 quarter to Rs 450 crore in September 2026, but the higher sales did not produce a narrower operating loss. At the company level, material-consumption costs rose to Rs 305.66 crore from Rs 161.79 crore, while other expenses increased to Rs 121.35 crore from Rs 103.43 crore. Inventory changes reduced expenses by Rs 28.51 crore in the latest quarter, against an expense of Rs 57.48 crore in the previous-year period.

The sequential comparison was more pronounced. Cooling-products EBIT was a profit of Rs 30.18 crore in the June 2026 quarter, when segment revenue was Rs 1,074.77 crore, before moving to a Rs 55.12 crore loss as September-quarter revenue fell to Rs 450 crore. The filing does not provide product-level sales volumes, price movements or specific margin explanations for the change.

Did Bosch Home Comfort India’s services business remain profitable?

Bosch Home Comfort India’s design and development services business remained profitable, reporting EBIT of Rs 3.52 crore in the September 2026 quarter, up from Rs 2.27 crore in the September 2025 quarter. Its segment revenue increased to Rs 31.56 crore from Rs 23.86 crore over the same period.

The services business was smaller than cooling products, with revenue of Rs 31.56 crore compared with Rs 450 crore for cooling products, but its positive EBIT partly offset the cooling segment’s operating loss. Services EBIT was also marginally higher than the Rs 3.46 crore reported in the June 2026 quarter, while segment revenue was broadly unchanged from Rs 31.50 crore.

Gross segment revenue across the two businesses was Rs 481.56 crore in the September 2026 quarter, before Rs 10.43 crore of inter-segment revenue was eliminated to arrive at reported revenue from operations of Rs 471.12 crore. In the September 2025 quarter, gross segment revenue was Rs 415.36 crore and inter-segment revenue was Rs 10.22 crore, producing revenue from operations of Rs 405.14 crore.

What did Bosch Home Comfort India report for the first half?

Bosch Home Comfort India reported a Rs 18.87 crore net loss for the half year ended September 30, 2026, narrowing from a Rs 24.71 crore loss in the corresponding prior-year half. Revenue from operations increased to Rs 1,566.64 crore from Rs 1,257.77 crore, reflecting the profitable June 2026 quarter as well as the weaker September period.

Loss before exceptional items and tax for the latest half year was Rs 22.87 crore, compared with Rs 18.15 crore a year earlier. The reported prior-year loss before tax was higher at Rs 31.42 crore because that period included Rs 13.27 crore of exceptional expenses. Bosch Home Comfort India recorded a deferred-tax credit of Rs 5.79 crore for the latest half year, compared with a Rs 7.82 crore credit in the prior-year period.

Cooling-products EBIT before exceptional items was a Rs 24.94 crore half-year loss, compared with a Rs 18.63 crore loss a year earlier, even as segment revenue rose to Rs 1,524.77 crore from Rs 1,229.09 crore. Design and development services EBIT increased to Rs 6.98 crore from Rs 4.78 crore, with revenue rising to Rs 63.06 crore from Rs 47.83 crore.

How did Bosch Home Comfort India’s balance sheet and cash flow change?

Bosch Home Comfort India’s total assets stood at Rs 1,534.38 crore on September 30, 2026, down from Rs 1,915.45 crore on March 31, 2026. Inventories declined to Rs 713.17 crore from Rs 845.28 crore and trade receivables fell to Rs 210.48 crore from Rs 477.71 crore, while cash and cash equivalents decreased to Rs 17.47 crore from Rs 55.73 crore.

Current borrowings increased to Rs 269.04 crore at September 30 from Rs 60.02 crore at March 31. For the half year ended September 30, net cash outflow from operating activities was Rs 184.46 crore, compared with an outflow of Rs 85.87 crore in the prior-year half, while financing activities generated Rs 199.36 crore of cash inflow, including Rs 209.02 crore of short-term borrowings.

Total equity was Rs 482.02 crore at September 30, 2026, compared with Rs 500.51 crore at March 31, 2026. Total current liabilities declined to Rs 970.98 crore from Rs 1,325.19 crore, including a reduction in trade payables to creditors other than micro and small enterprises to Rs 500.16 crore from Rs 998.63 crore.

Conclusion

Bosch Home Comfort India’s September-quarter result combined higher revenue with a wider net loss, chiefly because the cooling-products segment moved to a Rs 55.12 crore EBIT loss despite Rs 450 crore of segment revenue. The design and development services business remained profitable, with Rs 3.52 crore of EBIT, but its contribution was materially smaller than the cooling business loss.

The next disclosed shareholder event is the postal-ballot e-voting period approved by the board on November 2, 2026, scheduled from November 19, 2026 to December 18, 2026. Operationally, the next reported quarter will cover one of the two periods that Bosch Home Comfort India identifies as a major air-conditioning demand season, following the September quarter’s lower revenue level.