Bharat Seats Limited has informed the Exchange about change in Management
BHARATSE · price
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Awaiting price reaction for this filing.
Bharat Seats Limited reported strong Q2 FY26 results with revenue from operations rising 58% year-on-year to Rs. 45,860.44 lakhs and profit after tax up 39% to Rs. 990.18 lakhs. For the half-year ended September 30, 2025, revenue grew to Rs. 88,566.58 lakhs and PAT rose to Rs. 1,907.77 lakhs, with EPS of Rs. 3.04 versus Rs. 2.18 in H1 FY25. The board also designated Mr. Bhaskar Kumar, currently AVP-Purchase & SCM, as Senior Management Personnel with effect from November 5, 2025; he is an internal appointee with over 31 years of industry experience. The auditor's review report carried an emphasis-of-matter note regarding an ongoing Income Tax search with disputed demands of Rs. 2,243.72 lakhs (plus Rs. 524.28 lakhs penalty), which the company is contesting.
Strong revenue and profit growth signals improving demand in the auto seating/components business; the tax dispute remains a watch item but management expects a favourable outcome. The senior management elevation is a routine internal move and not expected to materially affect the stock.