Share the post "Bharat Seats announced Financial Results Q1 2024-25"
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.
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.
[my_shortcode1 values=”Bharat Seats “]