Bharat Seats

PAT surged 39.44%

On standalone basis

Quarter ended September 2025 compared with Quarter ended September 2024.

Net sales (including other operating income) of Bharat Seats has increased 57.77% to Rs 458.60 crore.  Operating profit margin has declined from 6.08% to 4.94%, leading to 28.26% rise in operating profit to Rs 22.65 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 83.02% to 83.35%.   Employee cost decreased from 4.53% to 3.51%.   Other expenses fell from 6.36% to 5.83%.   

Other income up 284.29% to Rs 2.69 crore.  PBIDT rose 38.02% to Rs 25.34 crore.  Provision for interest up 31.72% to Rs 2.99 crore.  Loan funds declined from Rs 168.19 crore as of 30 September 2024 to Rs 132.22 crore as of 30 September 2025.  Inventories rose to Rs 50.91 crore as of 30 September 2025 from Rs 47.52 crore as of 30 September 2024.  Sundry debtors were higher at Rs 234.41 crore as of 30 September 2025 compared to Rs 114.87 crore as of 30 September 2024.  Cash and bank balance rose to Rs 5.39 crore as of 30 September 2025 from Rs 0.30 crore as of 30 September 2024.  

PBDT rose 38.91% to Rs 22.35 crore.  Provision for depreciation rose 39.38% to Rs 9.06 crore.  Fixed assets increased to Rs 369.92 crore as of 30 September 2025 from Rs 349.02 crore as of 30 September 2024.  Intangible assets increased from Rs 1.31 crore to Rs 2.99 crore.  

Profit before tax grew 38.58% to Rs 13.29 crore.  Provision for tax was expense of Rs 3.39 crore, compared to Rs 2.49 crore.  Effective tax rate was 25.51% compared to 25.96%.

Profit after tax rose 39.44% to Rs 9.90 crore.  

Equity capital increased from Rs 6.28 crore as of 30 September 2024 to Rs 12.56 crore as of 30 September 2025.  Per share face Value remained same at Rs 2.00.  

Promoters? stake was 74.66% as of 30 September 2025 ,compared to 74.59% as of 30 September 2024 .  

For year-to-date (YTD) results analysis

Net sales (including other operating income) of Bharat Seats has increased 50.24% to Rs 885.67 crore.  

Operating profit margin has declined from 5.80% to 5.01%, leading to 29.82% rise in operating profit to Rs 44.36 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 83.67% to 84.43%.   Employee cost decreased from 4.36% to 3.57%.   Other expenses fell from 6.17% to 5.79%.   

Other income up 127.88% to Rs 3.76 crore.  PBIDT rose 34.34% to Rs 48.12 crore.  Provision for interest up 22% to Rs 5.49 crore.  Loan funds declined from Rs 168.19 crore as of 30 September 2024 to Rs 132.22 crore as of 30 September 2025.  Inventories rose to Rs 50.91 crore as of 30 September 2025 from Rs 47.52 crore as of 30 September 2024.  Sundry debtors were higher at Rs 234.41 crore as of 30 September 2025 compared to Rs 114.87 crore as of 30 September 2024.  Cash and bank balance rose to Rs 5.39 crore as of 30 September 2025 from Rs 0.30 crore as of 30 September 2024.  

PBDT rose 36.11% to Rs 42.63 crore.  Provision for depreciation rose 32.40% to Rs 17 crore.  Fixed assets increased to Rs 369.92 crore as of 30 September 2025 from Rs 349.02 crore as of 30 September 2024.  Intangible assets increased from Rs 1.31 crore to Rs 2.99 crore.  Profit before tax grew 38.69% to Rs 25.63 crore.  Provision for tax was expense of Rs 6.55 crore, compared to Rs 4.76 crore.  Effective tax rate was 25.56% compared to 25.76%.Profit after tax rose 39.07% to Rs 19.08 crore.  

Equity capital increased from Rs 6.28 crore as of 30 September 2024 to Rs 12.56 crore as of 30 September 2025.  Per share face Value remained same at Rs 2.00.  

Promoters? stake was 74.66% as of 30 September 2025 ,compared to 74.59% as of 30 September 2024 .  

Full year results analysis

Net sales (including other operating income) of Bharat Seats has increased 20.81% to Rs 1,288.82 crore.  Operating profit margin has jumped from 5.70% to 5.86%, leading to 24.15% rise in operating profit to Rs 75.46 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 83.20% to 83.73%.   Purchase of finished goods cost rose from 0.01% to 0.12%.   Employee cost decreased from 4.21% to 4.12%.   Other expenses fell from 6.89% to 6.18%.   

Other income fell 20.93% to Rs 3.59 crore.  PBIDT rose 21.02% to Rs 79.05 crore.  Provision for interest up 15.12% to Rs 8.91 crore.  Loan funds declined from Rs 159.89 crore as of 31 March 2024 to Rs 151.86 crore as of 31 March 2025.  Inventories rose to Rs 55.45 crore as of 31 March 2025 from Rs 39.73 crore as of 31 March 2024.  Sundry debtors were higher at Rs 196.65 crore as of 31 March 2025 compared to Rs 103.31 crore as of 31 March 2024.  Cash and bank balance rose to Rs 3.12 crore as of 31 March 2025 from Rs 0.37 crore as of 31 March 2024.  

PBDT rose 21.81% to Rs 70.14 crore.  Provision for depreciation rose 9.33% to Rs 26.24 crore.  Fixed assets increased to Rs 369.55 crore as of 31 March 2025 from Rs 323.31 crore as of 31 March 2024.  Intangible assets increased from Rs 1.16 crore to Rs 2.96 crore.  

Profit before tax grew 30.73% to Rs 43.90 crore.  Provision for tax was expense of Rs 11.2 crore, compared to Rs 8.53 crore.  Effective tax rate was 25.51% compared to 25.40%.

Profit after tax rose 30.54% to Rs 32.70 crore.  

Equity capital increased from Rs 6.28 crore as of 30 September 2024 to Rs 12.56 crore as of 30 September 2025.  Per share face Value remained same at Rs 2.00.  

Promoters? stake was 74.66% as of 31 March 2025 ,compared to 74.59% as of 31 March 2024 .  

Cash flow from operating activities increased to Rs 96.14 crore for year ended March 2025 from Rs 56.74 crore for year ended March 2024.  Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 69.85 crore, compared to Rs 73.27 crore during the year ended March 2024.  

Bharat Seats : Standalone Results

Quarter ended Year to Date Year ended Particulars 202509 202409 Var.(%) 202509 202409 Var.(%) 202503 202403 Var.(%) Net Sales (including other operating income) 458.60 290.67 57.77 885.67 589.52 50.24 1,288.82 1,066.82 20.81 OPM (%) 4.94 6.08 -114 bps 5.01 5.80 -79 bps 5.86 5.70 16 bps OP 22.65 17.66 28.26 44.36 34.17 29.82 75.46 60.78 24.15 Other Inc. 2.69 0.70 284.29 3.76 1.65 127.88 3.59 4.54 -20.93 PBIDT 25.34 18.36 38.02 48.12 35.82 34.34 79.05 65.32 21.02 Interest 2.99 2.27 31.72 5.49 4.5 22.00 8.91 7.74 15.12 PBDT 22.35 16.09 38.91 42.63 31.32 36.11 70.14 57.58 21.81 Depreciation 9.06 6.5 39.38 17 12.84 32.40 26.24 24 9.33 PBT 13.29 9.59 38.58 25.63 18.48 38.69 43.9 33.58 30.73 PBT before EO 13.29 9.59 38.58 25.63 18.48 38.69 43.9 33.58 30.73 EO Income 0 0 - 0 0 - 0 0 - PBT after EO 13.29 9.59 38.58 25.63 18.48 38.69 43.9 33.58 30.73 Taxation 3.39 2.49 36.14 6.55 4.76 37.61 11.2 8.53 31.30 PAT 9.9 7.1 39.44 19.08 13.72 39.07 32.7 25.05 30.54 P/(L) from discontinued operations net of tax 0 0 - 0 0 - 0 0 - Net profit after discontinued operations 9.9 7.1 39.44 19.08 13.72 39.07 32.7 25.05 30.54 EPS (Rs)* 1.58 1.13 39.44 3.04 2.18 39.07 5.21 3.99 30.54 * EPS is on current equity of Rs 12.56 crore, Face value of Rs 2, Excluding extraordinary items. # EPS is not annualised bps : Basis points EO : Extraordinary items Figures in Rs crore Source: Capitaline Corporate Database

Powered by Capital Market - Live News