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Oct 21, 2009, 05.17 PM IST
Narinder Dev Relan, Chairman of Bharat Seats said the good performance of the company is mainly due to the increasing order inflow from Maruti, which is its biggest client. The company has increased its capacity by 28%.
Auto component maker Bharat Seats , a joint venture company of Maruti Udyog Limited and Relans, has seen a fairly decent jump in its stock performance in the recent times. From October 8, the stock has zoomed up 58% in last 20 days, which to some extent can be explained by the stellar set of numbers.
The company’s Q2 FY10 sales stood at Rs 84 crore as against Rs 51.2 crore in the same period last year. Profit after tax (PAT) stood at Rs 1.34 crore as compared to Rs 6.5 lakh. Operating margins increased to 2.75%.
Narinder Dev Relan, Chairman, Bharat Seats, attributes the good performance to the increasing order inflow from Maruti, which is its biggest client. The company, he added, has increased its capacity by 28%.
Here is a verbatim transcript of the exclusive interview with Narinder Dev Relan on CNBC-TV18. Also watch the accompanying video.
Q: Take us through your numbers. What explains this fairly substantial growth in your sales from 51 crore to 84 crore but more importantly in your profit 6 lakh to 1.3 crore. What went so right for you?
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