BENGALURU, Aug 6 Reuters Auto partsmaker Bosch, the Indian unit of German automotive supplier Robert Bosch GmbH, reported its smallest profit climb in the last five quarters on Tuesday as its inventory built up due to slow retail sales of cars.

Its net profit rose almost 14 yearonyear to 4.66 billion rupees 55.5 million in the first quarter ended June 30.

The company39;s revenue increased about 4 to 43.17 billion rupees, it said.

KEY CONTEXT

Bosch makes auto parts and accessories for cars, two wheelers and railways, among others. Its automotive products business accounts for about 87 of the total revenue.

Retail car sales fell in May and June due to heatwaves, but rose in April. Due to this, inventory for automakers increased and dampened demand for Bosch39;s products.

Its quarterly revenue growth was driven by a 16.1 climb in automobile production. Production had risen 21.2 in the March quarter, according to industry data.

PEER COMPARISON

Valuation next 12 months

Estimates next 12 months

Analysts39; sentiment

RIC

PE

EVEBITDA

Revenue growth

Profit growth

Mean rating

of analysts

Stock to price target

Div yield

Bosch

BOSH.NS

45.78

37.33

11.71

26.46

Hold

4

1.24

1.07…