Setco Automotive Limited (SAL), incorporated in 1982, is engaged in the manufacture of clutches for Medium and Heavy Commercial Vehicles (MHCV) and markets it under the brand name ‘LIPE Clutches’. SAL led by Mr. Harish Sheth, is the flagship company of the ‘Sheth Group’. SAL has 4 manufacturing facilities: 2 in India (Kalol – Gujarat, Sitarganj – Uttarakhand), 1 in UK (Haslingden – Lancashire) and 1 in USA (Paris – Tennessee). The product line of SAL also includes supply of hydraulics (pressure converters) and fully machined ferrous castings.
Financial Results:
Setco Automotive Ltd reported Revenues for Q1FY24 of ₹145.00 Crores down from ₹158.00 Crore year on year, a fall of 8.23%.
Total Expenses for Q1FY24 of ₹183.00 Crores down from ₹189.00 Crores year on year, a fall of 3.17%.
Consolidated Net Profit of -₹37.00 Crores from -₹28.00 Crores in the same quarter of the previous year.
The Earnings per Share is -₹2.32, from -₹2.10 in the same quarter of the previous year.
*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.