Bharat Seats Limited’s shares are in the spotlight during Wednesday’s trading session. On May 7, the company’s stock hit a 20% upper circuit, reaching ₹90.60.
This sharp rise in the share price is due to the strong results for the March quarter. In this quarter, Bharat Seats reported a 42.5% jump in profit to ₹11.4 crore, compared to ₹8 crore in the same quarter last year.
Revenue also increased
The company’s revenue rose by 41.4% year-on-year, reaching ₹393 crore, up from ₹278 crore a year ago. Its EBITDA (earnings before interest, tax, depreciation,
and amortization) stood at ₹23 crore, which is a 34% rise from ₹17 crore last year. However, the EBITDA margin fell by 30 basis points from 6.1% to 5.8% compared to the same quarter a year earlier.
Company to give dividend
Bharat Seats has also proposed a dividend of ₹1.10 per equity share of ₹2 face value for the financial year ending March 31, 2025. This dividend will be paid within 30 days of declaration, subject to shareholder approval.
As of March 31, 2025, Maruti Suzuki India Limited owns a 14.81% stake in Bharat Seats Limited, which is equal to 93,00,000 shares, making Maruti Suzuki a promoter of the company.
Similarly, Suzuki Motor Corporation also holds a 14.81% stake. After the results were announced, Bharat Seats shares were again locked in a 20% upper circuit at ₹90.39.
