Bharat Seats Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
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Bharat Seats Limited reported strong topline growth for Q2 FY26 (quarter ended September 30, 2025) with revenue from operations at Rs. 45,860.44 lakhs, up about 58% year-on-year from Rs. 29,067.03 lakhs. For H1 FY26, revenue rose to Rs. 88,566.58 lakhs versus Rs. 58,952.05 lakhs in H1 FY25, a 50% jump. Profit after tax grew 39% YoY to Rs. 990.18 lakhs in Q2 and to Rs. 1,907.77 lakhs in H1 FY26. H1 EPS stood at Rs. 3.04 versus Rs. 2.18 a year ago. However, operating margin compressed to 4.94% in Q2 from 6.07% a year ago, indicating rising costs. The auditor flagged an emphasis of matter regarding a past Income Tax search, with total tax demand of Rs. 2,243.72 lakhs and penalty demand of Rs. 524.28 lakhs, which the company is contesting. Net cash from operations improved sharply to Rs. 5,647.15 lakhs. The Board also designated Mr. Bhaskar Kumar as Senior Management Personnel.
Strong revenue and profit growth is positive for shareholders, but shrinking operating margins and the lingering tax dispute worth over Rs. 27 crore remain key watchpoints. The clean auditor review (no qualifications) and healthy cash generation support near-term sentiment, while debt-equity at 0.64 reflects a comfortable balance sheet.