Seats Manufacturer & Service Provider Announces 1:1 Bonus Shares After 17 Years; Check Record Date Inside
The company has a market cap of Rs 670 crore and stock is up by 73 per cent from its 52-week low of Rs 125.65 per share.
Bharat Seats Ltd. (BSL) has declared a 1:1 bonus share issue, meaning eligible equity shareholders will receive one bonus share for every one equity share they currently hold. The record date for determining eligibility is Friday, December 20, 2024. This is not the first time the company has issued bonus shares; a similar 1:1 bonus issue was announced back in 2007.
Bharat Seats Ltd. (BSL) is a leading manufacturer of comprehensive seating systems and interior components for the automotive and surface transport sectors. As a joint venture between Suzuki Motor Corporation Japan, Maruti Suzuki India, and Rohit Relan & Associates, BSL specializes in producing high-quality seating systems and auto components. Certified to IATF 16949, ISO 14001, and OHSAS 18001 standards, BSL offers a wide range of products, including seating systems, carpets, NVH (Noise, Vibration, and Harshness) components, and body sealing parts for both four-wheelers and two-wheelers. The company also supplies seating systems to Indian Railways.
Bharat Seats Ltd. has announced its financial performance for the second quarter of the fiscal year 2025 (Q2FY25). The company recorded a revenue of Rs 290.67 crore, a slight increase from Rs 285.98 crore in the same quarter of the previous year. Operating profit for the quarter stood at Rs 17.66 crore, with an operating profit margin of 6.08 per cent. Net profit for the quarter was Rs 7.10 crore, up from Rs 6.79 crore in Q2FY24.
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For the full fiscal year 2024 (FY24), Bharat Seats Ltd. generated a revenue of Rs 1067 crore. Operating profit for the year was Rs 61 crore, and net profit was Rs 25 crore, an improvement from Rs 22 crore in FY23.
The company has a market cap of Rs 670 crore and stock is up by 73 per cent from its 52-week low of Rs 125.65 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.