Setco Automotive Limited, one of India’s largest manufacturers of MHCV clutches, reported consolidated revenue of ₹499.8 crore for the nine months ended December 31, 2024, marking a 9.6 per cent year-on-year growth. The company announced its unaudited financial results on February 13, 2025.
Shares of Setco Automotive Limited were trading at ₹17.93 down by ₹0.37 or 2.02 per cent on the NSE today at 12.50 pm.
EBITDA for the nine-month period reached ₹68.6 crore, up 36.0 per cent compared to the same period last year, with margins improving to 13.7 per cent from 11.6 per cent.
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For the third quarter, Setco posted revenue of ₹177.3 crore, a 7.4 per cent increase from Q3 FY24, while quarterly EBITDA grew 19.0 per cent to ₹29.4 crore with a margin of 16.6 per cent.
The company attributed its performance to robust demand in the MHCV sector, favorable sales mix, and operational efficiencies at its subsidiary, Lava Cast. Notable achievements include Lava Cast turning EBITDA positive in H1 and achieving its highest quarterly tonnage since 2019.
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Harish Sheth, Chairman & MD, highlighted the company’s focus on expanding market presence and broadening its product portfolio. Setco recently launched additional allied products and received recognition from Tata Motors with the NVB Excellence Award.
The company operates five manufacturing units and serves markets across the US, UK, SAARC, and Middle East regions.