Bharat Seats Q4 Results: Maruti Suzuki-backed stock in 20% upper circuit after strong profit, revenue growth

Shares of Bharat Seats Ltd. were locked in a 20% upper circuit on Wednesday, May 7, following the announcement of its March quarter results, which showed strong profit and revenue growth.

Bharat Seats' profitability rose by 42.5% during the March quarter to ₹11.4 crore, compared to ₹8 crore in the same quarter a year ago.

Its revenue grew by 41.4% on a year-on-year basis to ₹393 crore. The same was ₹278 crore reported in the year-ago quarter.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) stood at ₹23 crore, which is 34% higher than ₹17 crore last year.

EBITDA margin for the quarter contracted by 30 basis points from the same quarter last year to 5.8% from 6.1%.

The company has recommended dividend of ₹1.10 per equity share of face value of ₹2 each of the company for the year ended March 31, 2025. The dividend, after approval of the shareholders, will be paid within 30 days of declaration.

As of March 31, 2025, Maruti Suzuki India Ltd. holds a 14.81% stake in Bharat Seats Ltd. This stake amounts to 9,300,000 equity shares and classifies Maruti Suzuki as a promoter of the company .

In addition to Maruti Suzuki, Suzuki Motor Corporation also holds a 14.81% stake in Bharat Seats Ltd.

Following the earnings announcement, shares of Bharat Seats Ltd. are locked in 20% upper circuit of ₹90.39.