Bharat Seats Limited announced its results for the quarter ended December 2021 and has reported strong financial performance for the quarter.
The company reported net sales at Rs 197.56 crore in December 2021 as against Rs 176.62 crore in December 2020, up by 11.86% YoY.
Company’s PAT stood at Rs 6.62 crore in December 2021 as against Rs 2.36 crore for the quarter ended December 2020, reflecting a growth of 64.41% YoY.
Bharat Seats’ EBITDA stood at Rs 14.41 crore for Q3 FY’22 against Rs 8.71 crore for Q3 FY’21, up by 39.56% YoY.
Bharat Seats Ltd is a Joint Venture of Suzuki Motor Corporation Japan, Maruti Suzuki India Ltd, Rohit Relan and Associates which manufactures complete seating systems and auto components.
Its scrip closed at Rs 73.95 today, with marginal changes since its previous closing price.
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