5232292026-04-012026-06-305232292026-04-012026-06-30in-capmkt:OtherExpenses1Member5232292026-04-012026-06-30in-capmkt:OtherExpenses2Member5232292026-04-012026-06-30in-capmkt:OtherExpenses3Member5232292026-04-012026-06-30in-capmkt:OtherExpenses4Member5232292026-04-012026-06-30in-capmkt:OtherExpenses5Member5232292026-04-012026-06-30in-capmkt:OtherExpenses6Member5232292026-04-012026-06-30in-capmkt:OtherExpenses7Member5232292026-04-012026-06-30in-capmkt:OtherExpenses8Member5232292026-04-012026-06-30in-capmkt:OtherExpenses9Member5232292026-04-012026-06-30in-capmkt:OtherExpenses10Memberiso4217:INRiso4217:INRxbrli:shares523229BHARATSENOTLISTEDINE415D01024Bharat Seats LimitedMain BoardEquity2026-04-012027-03-312026-08-042026-07-29INRLakhsQuarterlyFirst quarterSingle segmentManufacture of Complete seating system and interior component for the automotive and surface transport2026-08-0412:05:002026-08-0413:25:00Not applicablefalsefalseNot applicable2026-04-012026-06-30UnauditedStandalone5778261000107480005789009000497681900061003000-596100018191900021929000935400002825860005611835000177174000017717400045792000-7460004504600001321280000000132128000-54000013158800012560000022.12.1002.12.1The 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 <br /> <br /> The Sales Purchase have been recognised based on contract price with the customers vendors which are subject to escalations and deescalations basis annual price revision The Company estimated such escalations and de escalations on best estimate basis and these will be formalised by year end <br /> <br /> 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 <br /> <br /> <br /> In 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 initially received demand orders amounting to Rs 2244 lakhs excluding penalties for the Assessment Years 2014 15 to 2024 25 along with a penalty demand order of Rs 524 lacs for the Assessment Year 2022 23 Subsequently pursuant to appeals filed by the Company the Commissioner of Income Tax Appeals issued orders resulting in a substantial reduction of the demands with the outstanding demand aggregating to Rs 245 lakhs for the Assessment Years 2013 14 to 2024 25 except for Assessment Year 2022 23 for which the appellate order including the related penalty order is still awaited The total demand orders against assessment year 2022 23 amounts to Rs 757 lakhs including penalties The Company has filed appeals before the Income Tax Appellate Tribunal ITAT against the demand orders received <br /> The Company has now received penalty demand orders aggregating to Rs 271 lakhs pertaining to Assessment Years 2019 20 2020 21 2021 22 and 2024 25 The Company has filed appeals before the Commissioner of Income Tax Appeals against the penalty orders passed <br /> 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 <br /> <br /> The figures for the quarter ended March 31 2026 are the balancing figures between audited figures for the year ended March 31 2026 and the unaudited published year to date figures upto December 31 2025 being the date of the end of the third quarter of the financial year which were subjected to limited review <br /> <br /> The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 04 2026 <br /> <br /> <br /> Power and fuel41843000Repair and maintenance22861000Insurance2724000Research and development expenses4708000Travelling and Conveyance8291000Technical Fees and Royalty7004000Contract manpower and jobwork expenses131607000Legal and professional expenses18151000Freight Outward16315000Other Misc Exp29082000721000-181000-540000