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Bharat Seats announced Financial Results Q1 2024-25

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Highlights

  • The presented financial data is Standalone to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: The company experienced a substantial growth of 18.24 % in the past year, substantial increase in net sales/revenue by 7.46 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -12.84 %, Marginal decrease of -18.1% in other income during this quarter.
  • Profit over the Year and quarter: Significant improvement in profitability for Bharat Seats Ltd. Notable increase of 41.53 % in net profit Year to Year, Bharat Seats Ltd’s profitability dropped by -18.09 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS increased by 41.61 % Year to Year. EPS decreased by -17.9 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Bharat Seats Ltd‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 252.755 Cr Rs. 278.101 Cr Rs. 298.85 Cr + 7.46 % + 18.24 %
Expenses Rs. 240.67 Cr Rs. 260.98 Cr Rs. 282.34 Cr + 8.18 % + 17.31 %
Operating Profit Rs. 12.09 Cr Rs. 17.12 Cr Rs. 16.51 Cr -3.56 % + 36.56 %
OPM % 4.78 % 6.16 % 5.52 % -0.64 % + 0.74 %
Other Income Rs. 1.09 Cr Rs. 1.16 Cr Rs. 0.95 Cr -18.1 % -12.84 %
Interest Rs. 1.38 Cr Rs. 1.75 Cr Rs. 2.23 Cr + 27.43 % + 61.59 %
Depreciation Rs. 5.41 Cr Rs. 6.01 Cr Rs. 6.35 Cr + 5.66 % + 17.38 %
Profit before tax Rs. 6.39 Cr Rs. 10.52 Cr Rs. 8.88 Cr -15.59 % + 38.97 %
Tax % 26.85 % 23.24 % 25.58 % + 2.34 % -1.27 %
Net Profit Rs. 4.67 Cr Rs. 8.08 Cr Rs. 6.62 Cr -18.07 % + 41.76 %
EPS in Rs Rs. 1.49 Rs. 2.57 Rs. 2.11 -17.9 % + 41.61 %


Today, we’re looking at Bharat Seats Ltd’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 18.24 %. However, it did see a marginal increase of 7.46 % from the previous quarter. Expenses ticked up slightly by 8.18 % quarter-on-quarter, aligning with the annual rise of 17.31 %. Operating profit, while up 36.56 % compared to last year, faced a quarter-on-quarter dip of -3.56 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.74 %, but a shrinkage of -0.64 % sequentially. Other income fell by -18.1 % compared to the last quarter, despite an annual decline of -12.84 %. Interest expenses surged remarkably by 27.43 % from the previous quarter, yet the year-over-year increase remains at a moderate 61.59 %. Depreciation costs climbed by 5.66 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 17.38 %. Profit before tax grew annually by 38.97 % but saw a reduction from the preceding quarter by -15.59 %.
Tax expenses as a percentage of profits decreased slightly by -1.27 % compared to last year, with a more notable quarter-on-quarter increase of 2.34 %. Net profit rose by 41.76 % year-on-year but witnessed a -18.07 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 41.61 % but a quarterly fall of -17.9 %. In summary, Bharat Seats Ltd’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 252.755 Cr Rs. 278.101 Cr Rs. 298.85 Cr + 7.46 % + 18.24 %
Expenses Rs. 240.67 Cr Rs. 260.98 Cr Rs. 282.34 Cr + 8.18 % + 17.31 %
Operating Profit Rs. 12.09 Cr Rs. 17.12 Cr Rs. 16.51 Cr -3.56 % + 36.56 %
Net Profit Rs. 4.67 Cr Rs. 8.08 Cr Rs. 6.62 Cr -18.07 % + 41.76 %
EPS in Rs Rs. 1.49 Rs. 2.57 Rs. 2.11 -17.9 % + 41.61 %


In reviewing Bharat Seats Ltd’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 18.24 % year-on-year growth, however, there was a minor increase of 7.46 % from the previous quarter. Expenses rose by 17.31 % compared to the previous year, with a 8.18 % increase quarter-on-quarter. Operating Profit surged by 36.56 % annually, and saw a -3.56 % decrease from the last quarter.
Net Profit showed yearly increase of 41.76 %, and experienced a -18.07 % decrease from the previous quarter. Earnings Per Share (EPS) rose by 41.61 % annually, however dipped by -17.9 % compared to the last quarter. In essence, while Bharat Seats Ltd exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.

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