Bosch Home Comfort Q4 FY26: Sales up, profit down

Stock snapshot and what changed

Bosch Home Comfort India’s latest reported standalone numbers for the quarter ended March 2026 show a mixed picture. Revenue rose modestly year-on-year, but profit and EBITDA declined compared with the same quarter last year. The stock data in the provided snapshot shows a current share price of Rs 1,351.80, with the screen also reflecting +1.60 (0.12%) for the session shown. Another data point in the text notes the shares closed at Rs 1,362.40 on May 18, 2026 (NSE).

Alongside the quarterly performance, the company’s full-year FY26 outcome is also highlighted. FY26 ended with a net loss of Rs 2.65 crore, compared with a net profit of Rs 58.83 crore in FY25. Revenue for FY26 also declined year-on-year, indicating that the March quarter recovery versus the December quarter did not fully offset the broader year’s weakness.

Q4 FY26: Revenue grows 3.52% YoY

For the quarter ended March 2026, the company reported net sales of Rs 965.35 crore, up 3.52% from Rs 932.57 crore in March 2025. The text also provides the same number expressed in another unit, stating revenue from operations was Rs 9,653.5 million, which corresponds to Rs 965.35 crore.

Sequentially, the March 2026 quarter showed a sharp jump from the December 2025 quarter, when net sales were Rs 475.57 crore. The provided table also summarises this as a 102.1% QoQ increase in total revenue for the quarter (from Rs 477.92 crore to Rs 965.97 crore, as shown in the summary table embedded in the text).

Profit falls YoY, but turns positive QoQ

Despite the year-on-year revenue increase, profitability weakened compared to the March 2025 quarter. Profit after tax (PAT) in March 2026 stood at Rs 40.87 crore, down 27.11% from Rs 56.07 crore in March 2025. The data also shows the company returned to profit sequentially, compared with a loss of Rs 19.03 crore in December 2025.

Profit before tax (PBT) for March 2026 was Rs 56.29 crore, compared with a loss of Rs 24.84 crore in December 2025 and profit of Rs 76.29 crore in March 2025. The tax line for March 2026 is stated at Rs 15.42 crore.

EBITDA and operating performance in the quarter

The text states EBITDA was Rs 68.34 crore in March 2026, down 28.27% from Rs 95.28 crore in March 2025. In the quarterly result table, operating profit for March 2026 is shown as Rs 67.72 crore, compared with Rs 91.70 crore in March 2025 and Rs -0.93 crore in December 2025.

Expenditure remained high relative to sales. Total expenditure in March 2026 was Rs 897.63 crore, up from Rs 840.87 crore in March 2025. Depreciation declined to Rs 12.00 crore in March 2026 from Rs 17.50 crore in March 2025, while interest cost increased to Rs 2.86 crore from Rs 1.49 crore over the same period.

EPS moves lower YoY

Adjusted EPS (earnings per share) for the March 2026 quarter is shown at Rs 15.03, down from Rs 20.62 in March 2025. The text also states EPS decreased to Rs 15.00 in March 2026 from Rs 20.60 in March 2025, which is consistent with the quarterly table rounding. Sequentially, EPS improved from Rs -7.00 in December 2025, aligning with the shift from loss to profit.

FY26: Net loss despite March-quarter recovery

For the year ended March 2026, the text reports net loss of Rs 2.65 crore, compared with net profit of Rs 58.83 crore in FY25. Revenue for FY26 is shown at Rs 2,698.69 crore, down 2.10% from Rs 2,756.46 crore in FY25.

This annual outcome sits alongside a quarterly path that includes weak quarters earlier in the year. The quarterly table indicates that September 2025 and December 2025 quarters had negative operating profit and losses at the PAT line, before the March 2026 quarter returned to profitability.

Key numbers at a glance

Stock performance and market value data points

The text includes a market-cap figure and trailing return numbers. It states the company’s market capitalisation is Rs 3,675.66 crore. It also notes the shares delivered -22.24% returns over the last 6 months and -23.58% over the last 12 months (as per the referenced date in the text).

The price points mentioned include the current price of Rs 1,351.80, the previous close of Rs 1,350.20, and the May 18, 2026 close of Rs 1,362.40 on NSE, all as shown in the provided content.

Corporate schedule and context in the text

The material also references a board meeting schedule item: Bosch Home Comfort India informed BSE that a meeting of the Board of Directors was scheduled on 28/01/2026 to consider and approve financial results for the quarter ended 31st December, 2025. Separately, a line in the text mentions: “Bosch acquisition/open offer completed Nov 26, 2025.” No additional details are provided in the excerpt.

Market impact: what the numbers signal

The market impact visible from the provided data is primarily around earnings volatility and the contrast between quarter-on-quarter recovery and year-on-year decline. March 2026 shows a strong sequential rebound in revenue and profits from December 2025, but margins and absolute profits remain lower than the March 2025 quarter. On a full-year basis, the move from FY25 profit to FY26 loss, along with a decline in revenue, is the key shift highlighted.

The stock return figures provided in the text indicate negative performance over six and twelve months, even as the March quarter shows operational improvement over the immediately preceding quarter.

Analysis: why Q4 strength did not translate into FY26 growth

From the quarterly series in the table, FY26 appears shaped by weak middle quarters, including losses in September 2025 and December 2025, followed by a profit in March 2026. That pattern can result in a full-year net loss even if the year closes with a profitable quarter. The year-on-year decline in Q4 PAT and EBITDA, despite higher sales, also suggests profitability did not keep pace with revenue growth in the quarter.

The annual revenue decline of 2.10% and the FY26 net loss of Rs 2.65 crore stand out against FY25 net sales of Rs 2,756.46 crore and net profit of Rs 58.83 crore. Investors generally track whether the March-quarter rebound is sustained across subsequent quarters, but the excerpt itself does not provide forward guidance.

Conclusion

Bosch Home Comfort India’s March 2026 quarter delivered higher sales year-on-year and a sharp improvement over December 2025, but profits and EBITDA were lower than a year earlier. FY26 closed with a net loss on lower annual revenue, and the text also notes negative six- and twelve-month stock returns. The next reference point in the provided material is the company’s reported financial result cycle, including the board meeting scheduled for January 28, 2026 for the December-quarter results, as cited in the excerpt.