BHARAT SEATS - RESULTS FOR Q4 FY 2017-18 - MARCH 2018

BHARAT SEATS

RESULTS FOR Q4 FY 2017-18

MARCH 2018

BHARAT SEATS has declared good results for the fourth Quarter ended March 2018. The results are tabulated below :

BHARAT SEATS has done well in Q4 FY 17-18. Sales have gone up 13.47% YoY and 17.28% QoQ. Net Profits have gone up94% YoY and 33% QoQ. At current Market price of Rs.223, PE Ratio comes to 23.  The scrip has moved up 184% during last one year from Rs.79

BHARAT SEATS	Mar '18	Dec '17	Sep '17	Jun '17	Mar '17	YOY	QOQ
Net Sales	253.46	216.11	259.05	233.01	223.37	13.47	17.28
Total Income	253.46	216.11	259.05	233.01	223.54	13.38	17.28
EXPENDITURE
Raw Materials	211.57	182.94	217.26	202.55	194.76	8.63	15.65
Traded Goods	0.12	0.03	0.09	0.12	0.08	50	300
Increase/Decrease in Stocks	0.94	-0.83	0.97	-1.45	0.26	261.54	-213.25
Employees Cost	6.83	5.8	6.16	6.29	5.3	28.87	17.76
Depreciation	5.11	4.69	4.74	4.57	4.52	13.05	8.96
Other Expenses	16.14	14.8	14.02	13.5	13.28	21.54	9.05
P/L Before Other Inc. , Int., Excpt. Items & Tax	12.75	8.7	15.82	7.43	5.33	139.21	46.55
Other Income	0.32	0.83	0.67	0.2	0.72	-55.56	-61.45
P/L Before Int., Excpt. Items & Tax	13.07	9.52	16.49	7.63	6.05	116.03	37.29
Interest	0.63	0.77	0.88	0.92	1.03	-38.83	-18.18
P B T	12.44	8.75	15.61	6.71	5.01	148.3	42.17
Tax	4.67	2.91	5.37	2.34	1	367	60.48
Net Profit	7.77	5.84	10.24	4.37	4.01	93.77	33.05
Equity	6.28	6.28	6.28	6.28	6.28	0	0
Basic EPS	2.47	1.86	3.26	1.39	1.28	92.97	32.8
Diluted EPS	2.47	1.86	3.26	1.39	1.28	92.97	32.8
MP	223.05
PE	22.58
PRICE TREND
21.04.18	1 week	2 week	1 month	3 month	6 month	9 month	1 year
Price	223.4	201.7	176.3	240.35	184.3	124	78.55
Gain / Loss	-0.16%	10.59%	26.52%	-7.20%	21.03%	79.88%	183.96%

This does not constitute my recommendation for Buy / Sale / Hold. Investor need to make their own study further and decide themselves.