Bosch Home Comfort India Q2 FY27 Results: Standalone Net Loss ₹41.66 Crore on Total Income of ₹472 Crore

Bosch Home Comfort India (NSE: BOSCH-HCIL) reported standalone total income of ₹471.77 crore and a net loss of ₹41.66 crore for the quarter ended 30 Sep 2026. It said in a filing on 2 Nov 2026.

Key highlights

Summary

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Revenue from operations rose 16.3% YoY to ₹471.12 crore from ₹405.14 crore in the quarter ended 30 Sep 2025, and fell 57.0% from ₹1,095.52 crore in the quarter ended 30 Jun 2026. Total income rose 13.3% YoY. Other income fell 94.2% to ₹0.65 crore from ₹11.17 crore. Finance costs were ₹2.96 crore, up 10.0% YoY.

The net loss widened 4.3% to ₹41.66 crore from ₹39.96 crore a year earlier, while total income rose 13.3%. Loss before tax was ₹54.56 crore. The total tax line is a credit of ₹12.90 crore, made of a current tax line of ₹90 lakh and a deferred tax credit of ₹13.80 crore. Note 4 says the current tax relates to a foreign jurisdiction, and that tax credit on that current tax liability is not available to the company.

The statement shows no exceptional items for the quarter ended 30 Sep 2026, against exceptional items of ₹9.97 crore for the quarter ended 30 Sep 2025. Note 3 lists three items for that quarter: a one-time retention bonus of ₹6.50 crore expensed to support continuity in key managerial roles after the global acquisition by Robert Bosch GmbH; severance pay of ₹2.61 crore for employees and workers under realignment, reorganisation or the voluntary retirement scheme; and a further expense of ₹86 lakh for standard deductions under the insurance policy after a fire at one of the company's warehouses on 24 Jun 2025.

For the year ended 31 Mar 2026, Note 3 lists a labour codes impact of ₹14.08 crore disclosed as an exceptional item, and an excess insurance amount of ₹11.20 crore received on settlement of the claim, disclosed as an exceptional item for that year. The company received ₹50.37 crore as full and final insurance settlement in that year.

For the half year ended 30 Sep 2026, total income was ₹1,573.10 crore, loss before tax was ₹22.87 crore and the net loss was ₹18.87 crore. The company reports two segments, cooling products for comfort and commercial use, and design and development services, the latter with segment revenue of ₹31.56 crore in the quarter ended 30 Sep 2026. The filing describes the business as seasonal, with major market demand generated in the first and last quarter of every financial year.

Inference

Ownership changed in the quarter ended 30 Jun 2026: Bosch Global Software Technologies Private Limited sold 20,92,440 equity shares, 7.7% of paid-up capital, through an offer for sale on the stock exchange to achieve minimum public shareholding. Promoter holding fell from 82.2% to 74.5%, and the company says it has achieved the MPS requirements. The company was renamed Bosch Home Comfort India Limited, effective 4 Nov 2025, after Robert Bosch GmbH completed the acquisition of the residential and light commercial HVAC business.

Borrowings stood at ₹269.04 crore at 30 Sep 2026 against ₹60.02 crore at 31 Mar 2026, and cash and cash equivalents at ₹17.47 crore against ₹55.73 crore. The board approved a postal ballot notice with e-voting from 19 Nov 2026 to 18 Dec 2026; the filing does not say what the borrowings fund or what the postal ballot resolutions cover.

The board approved the results on 2 Nov 2026. The limited review report from SRBC & Co LLP states that nothing has come to its attention that causes it to believe the statement contains any material misstatement.