Wednesday, 26 October 2011

Q2 FY 2011-12 Results Update - Bharat Seats Ltd.




The First half of FY11-12 has not been a fascinating one for the Automobile manufacturers and even for the Auto Component manufacturers due to the slowdown seen in the sector mainly due to hike in the interest rates and fuel prices.

To add to the burden for Maruti Suzuki, India's Largest automobile manufacturer was the labor unrest at its plants across the Manesar belt due to which the its Gurgaon plant also suffered for two days. The Auto Component manufacturers had to bear the brunt as they had no option just to wait and watch the ongoing tussle and daily talks between the Maruti Suzuki India's management and the Union Leaders.

The impact was well seen in the Q2 FY11-12 results of the auto component manufacturers. Bharat Seats which manufactures Seats for Maruti Suzuki India Ltd. registered a Sales Turnover of Rs 106.8 Cr. , 5.85% decreased Income as compared to the same period last year. The company registered a Sales turnover of Rs 113.44 Cr during Q2 FY10-11.

The company also reduced its Total Expenses by 6.18% which when compared to decrease in Sales is a good effort by the Bharat Seats team and thereby reporting a Net profit of Rs 2 Cr as compared to Rs 2.58 Cr for the same period last year.

Click on the Image below to see the detailed Y-o-Y Analysis of Bharat Seats Ltd.

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