Integrated Filing — IndAS

General information about company

Scrip Code	523229
NSE Symbol	BHARATSE
MSEI Symbol	NOTLISTED
ISIN	INE415D01024
Name of company	Bharat Seats Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-04-2025
Date of end of financial year	31-03-2026
Date of board meeting when results were approved	03-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	28-01-2026
Description of presentation currency	INR
Level of rounding used in financial results	Lakhs
Reporting Type	Quarterly
Reporting Quarter	Third quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Unaudited
Segment Reporting	Single segment
Description of single segment	Manufacture of Complete seating system and interior component for the automotive and surface transport
Start date and time of board meeting	03-02-2026 11:45:00
End date and time of board meeting	03-02-2026 12:45:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
No

Financial Results Ind-AS

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-10-2025	01-04-2025
B	Date of end of reporting period	31-12-2025	31-12-2025
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Standalone	Standalone
1	Income
	Revenue from operations	49,100.78	1,37,667.36
	Other income	94.89	470.91
	Total income	49,195.67	1,38,138.27
2	Expenses
(a)	Cost of materials consumed	41,441.24	1,16,415.05
(b)	Purchases of stock-in-trade	746.71	1,828.03
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	(32.46)	(268.08)
(d)	Employee benefit expense	1,644.09	4,810.01
(e)	Finance costs	223.03	772.20
(f)	Depreciation, depletion and amortisation expense	902.45	2,602.37
(f)	Other Expenses
1	Power and fuel	425.99	1,250.11
2	Freight	182.55	517.82
3	Repair and maintenance Building & Plant Machinery	226.84	618.46
4	Insurance	37.42	167.58
5	Research and development expenses	24.98	109.21
6	Consumption of stores and spares	30.29	75.65
7	Contract manpower and jobwork expenses	1,148.67	3,239.81
8	Legal and professional expenses	221.20	578.22
9	Technical know how fees and royalty	48.11	192.29
10	Other Expenses	441.87	1,183.62
	Total other expenses	2,787.92	7,932.77
	Total expenses	47,712.98	1,34,092.35
3	Total profit before exceptional items and tax	1,482.69	4,045.92
4	Exceptional items	(137.37)	(137.37)
5	Total profit before tax	1,345.32	3,908.55
6	Tax expense
7	Current tax	362.18	1,002.90
8	Deferred tax	(6.90)	7.84
9	Total tax expenses	355.28	1,010.74
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0.00	0.00
11	Net Profit Loss for the period from continuing operations	990.04	2,897.81
12	Profit (loss) from discontinued operations before tax	0.00	0.00
13	Tax expense of discontinued operations	0.00	0.00
14	Net profit (loss) from discontinued operation after tax	0.00	0.00
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0.00	0.00
16	Total profit (loss) for period	990.04	2,897.81
17	Other comprehensive income net of taxes	(15.80)	(13.06)
18	Total Comprehensive Income for the period	974.24	2,884.75
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	1,256.00	1,256.00
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.58	4.61
	Diluted earnings (loss) per share from continuing operations	1.58	4.61
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	1.58	4.61
	Diluted earnings (loss) per share from continuing and discontinued operations	1.58	4.61
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		Textual Information(1)

Disclosure of notes on financial results

Textual Information(1)	NOTES 1 The above financial results of Bharat Seats Limited the Company have been prepared in accordance with Indian Accounting Standards Ind AS as prescribed under section 133 of the Companies Act 2013 read with Rule 3 of the Companies Indian Accounting Standards Rules 2015 as amended 2 The sales purchase have been recognised based on contract price with the customers vendors which are subject to escalations and de escalations basis annual price revision The Company estimated such escalations and de escalations on best estimate basis and these will be formalised by year end 3 In line with the provisions of IND AS 108 Operating Segment the Company is engaged in the business of manufacturing of different seating systems Automotive parts and Components for automobile industry which constitute single reporting business segment hence no segment disclosures are required 4 During the financial year 2023 24 the Income Tax Department the department conducted a search under section 132 of the Income Tax Act 1961 at certain premises of the Company including manufacturing locations and residence of few of its employees key managerial personnel The Company received demand orders amounting to Rs 2243 point 72 lacs excluding penalties for the Assessment Years 2014 15 to 2024 25, along with a penalty demand order of Rs 524 point 28 lacs for the Assessment Year 2022 23 The Company has filed appeals against the tax and penalty demand orders received from department with the Commissioner of Income Tax Appeals Subsequently the Company has filed rectification application of Rs 1187 point 66 lacs concerning the outstanding demand As per Companys own assessment and also based on legal advice management is confident of favourable outcome for such appeals Pending outcome of appeal proceedings no adjustment has been made to these financial results 5 Effective 21 November 2025 The Government of India has consolidated multiple existing labour legislations into a unified framework comprising four Labour Codes collectively referred to as the New Labour Codes These legislative changes have revised the definition of wages for the purpose of computation of employee benefits and expanded the scope and eligibility of certain employee related social security benefits Following a comprehensive assessment conducted by the Company information currently available and consistent with the FAQs on key accounting implications arising from the New Labour Codes issued by the Institute of Chartered Accountants of India the Company has evaluated the incremental impact resulting from the implementation of these codes Given the materiality regulatory driven nature and non recurring aspect of this impact, the Company has recognized an exceptional item in the financial results for the quarter and nine month period ending December 31 2025 amounting to Rs 137 point 37 lacs which includes gratuity and compensated absences The Company will continue to monitor developments and clarifications from the Government regarding other aspects of the New Labour Codes and will make appropriate accounting adjustments as necessary based on these developments 6 The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 03 2026

Textual Information(1)

NOTES 1 The above financial results of Bharat Seats Limited the Company have been prepared in accordance with Indian Accounting Standards Ind AS as prescribed under section 133 of the Companies Act 2013 read with Rule 3 of the Companies Indian Accounting Standards Rules 2015 as amended 2 The sales purchase have been recognised based on contract price with the customers vendors which are subject to escalations and de escalations basis annual price revision The Company estimated such escalations and de escalations on best estimate basis and these will be formalised by year end 3 In line with the provisions of IND AS 108 Operating Segment the Company is engaged in the business of manufacturing of different seating systems Automotive parts and Components for automobile industry which constitute single reporting business segment hence no segment disclosures are required 4 During the financial year 2023 24 the Income Tax Department the department conducted a search under section 132 of the Income Tax Act 1961 at certain premises of the Company including manufacturing locations and residence of few of its employees key managerial personnel The Company received demand orders amounting to Rs 2243 point 72 lacs excluding penalties for the Assessment Years 2014 15 to 2024 25, along with a penalty demand order of Rs 524 point 28 lacs for the Assessment Year 2022 23 The Company has filed appeals against the tax and penalty demand orders received from department with the Commissioner of Income Tax Appeals Subsequently the Company has filed rectification application of Rs 1187 point 66 lacs concerning the outstanding demand As per Companys own assessment and also based on legal advice management is confident of favourable outcome for such appeals Pending outcome of appeal proceedings no adjustment has been made to these financial results 5 Effective 21 November 2025 The Government of India has consolidated multiple existing labour legislations into a unified framework comprising four Labour Codes collectively referred to as the New Labour Codes These legislative changes have revised the definition of wages for the purpose of computation of employee benefits and expanded the scope and eligibility of certain employee related social security benefits Following a comprehensive assessment conducted by the Company information currently available and consistent with the FAQs on key accounting implications arising from the New Labour Codes issued by the Institute of Chartered Accountants of India the Company has evaluated the incremental impact resulting from the implementation of these codes Given the materiality regulatory driven nature and non recurring aspect of this impact, the Company has recognized an exceptional item in the financial results for the quarter and nine month period ending December 31 2025 amounting to Rs 137 point 37 lacs which includes gratuity and compensated absences The Company will continue to monitor developments and clarifications from the Government regarding other aspects of the New Labour Codes and will make appropriate accounting adjustments as necessary based on these developments 6 The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 03 2026

Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-10-2025	01-04-2025
Date of end of reporting period		31-12-2025	31-12-2025
Whether results are audited or unaudited		Unaudited	Unaudited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income

Amount in (Lakhs)

Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-10-2025	01-04-2025
B	Date of end of reporting period	31-12-2025	31-12-2025
C	Whether results are audited or unaudited	Unaudited	Unaudited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
	Total Amount of items that will not be reclassified to profit and loss
2	Income tax relating to items that will not be reclassified to profit or loss	15.80	13.06
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0.00	0.00
5	Total Other comprehensive income	(15.80)	(13.06)

Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited	Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results	Yes

Sr No.	Audit firm's name	Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI	Certificate valid upto
1	SR Batliboi & Co LLP	Yes	31-07-2027