{"id":153562,"date":"2023-08-14T09:30:42","date_gmt":"2023-08-14T13:30:42","guid":{"rendered":"https:\/\/44.250.171.167\/?p=153562"},"modified":"2023-08-14T09:30:43","modified_gmt":"2023-08-14T13:30:43","slug":"setco-automotive-ltd-q1fy24-8-fall-in-revenue","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/setco-automotive-ltd-q1fy24-8-fall-in-revenue\/","title":{"rendered":"Setco Automotive Ltd Q1FY24; 8% fall in Revenue"},"content":{"rendered":"\n<p>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 \u2018LIPE Clutches\u2019. SAL led by Mr. Harish Sheth, is the flagship company of the \u2018Sheth Group\u2019. SAL has 4 manufacturing facilities: 2 in India (Kalol &#8211; Gujarat, Sitarganj &#8211; Uttarakhand), 1 in UK (Haslingden &#8211; Lancashire) and 1 in USA (Paris \u2013 Tennessee). The product line of SAL also includes supply of hydraulics (pressure converters) and fully machined ferrous castings.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Financial Results:<\/h2>\n\n\n\n<p>Setco Automotive Ltd reported Revenues for Q1FY24 of \u20b9145.00 Crores down from \u20b9158.00 Crore year on year, a fall of 8.23%.<\/p>\n\n\n\n<p>Total Expenses for Q1FY24 of \u20b9183.00 Crores down from \u20b9189.00 Crores year on year, a fall of 3.17%.<\/p>\n\n\n\n<p>Consolidated Net Profit of -\u20b937.00 Crores from -\u20b928.00 Crores in the same quarter of the previous year.<\/p>\n\n\n\n<p>The Earnings per Share is -\u20b92.32, from -\u20b92.10 in the same quarter of the previous year.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-960.png\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-960-839x1024.png\" alt=\"\" class=\"wp-image-153565\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-960-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-960-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-960-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-960-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-960.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/a><\/figure><\/div>\n\n\n\n<p>*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.<\/p>\n\n\n\n<p>*The presented data is automatically generated. It may occasionally generate incorrect information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u2018LIPE Clutches\u2019. SAL led by Mr. Harish Sheth, is the flagship company of the \u2018Sheth Group\u2019. SAL has 4 manufacturing facilities: 2 in India (Kalol &#8211; Gujarat, [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":153565,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392],"tags":[80,12397,13175],"class_list":["post-153562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","tag-automobile","tag-clutch-systems","tag-ferrous-casting"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-960.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":153531,"url":"https:\/\/alphastreet.com\/india\/rico-auto-industries-ltd-q1fy24-45-fall-in-profits\/","url_meta":{"origin":153562,"position":0},"title":"Rico Auto Industries Ltd Q1FY24; 45% fall in Profits","author":"Karan_Singh","date":"August 14, 2023","format":false,"excerpt":"Rico Auto Industries Limited is an integrated Auto Component Manufacturer present in the value chain from \u2018Design to Delivery\u2019, it was Incorporated in 1983. It manufactures and supplies Aluminum and Ferrous Machined Components and Assemblies to Original Equipment Manufacturers and Tier-1 customers across the globe. Financial Results: Rico Auto Industries\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-949.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-949.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-949.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-949.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-949.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-949.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":153682,"url":"https:\/\/alphastreet.com\/india\/ppap-automotive-ltd-q1fy24-5-fall-in-revenue\/","url_meta":{"origin":153562,"position":1},"title":"PPAP Automotive Ltd Q1FY24; 5% fall in Revenue","author":"Karan_Singh","date":"August 14, 2023","format":false,"excerpt":"PPAP Automotives was Incorporated in 1985, it is a leading manufacturer of automotive sealing systems, interior and exterior automotive parts in India. The company is in the business of developing Automotive Body Sealing systems as well as Interior and Exterior Injection moulded parts. Financial Results: PPAP Automotive Ltd reported Revenues\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1000.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1000.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1000.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1000.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1000.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-1000.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":151917,"url":"https:\/\/alphastreet.com\/india\/shyam-century-ferrous-ltd-q1fy24-70-fall-in-profits\/","url_meta":{"origin":153562,"position":2},"title":"Shyam Century Ferrous Ltd Q1FY24; 70% fall in Profits","author":"Chirag Gupta","date":"August 9, 2023","format":false,"excerpt":"Incorporated in 2011, Shyam Century Ferrous Limited is engaged in manufacturing Ferro Alloys like Ferro Silicon mainly in North-Eastern India. 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Company is promoted by Mr. Sajjan Bhajanka & Mr. Sanjay Agarwal\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-416.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-416.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-416.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-416.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-416.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-416.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":162132,"url":"https:\/\/alphastreet.com\/india\/mstc-ltd-q1fy24-6-fall-in-profits-2\/","url_meta":{"origin":153562,"position":3},"title":"MSTC Ltd Q1FY24; 6% fall in Profits","author":"Chirag Gupta","date":"June 13, 2024","format":false,"excerpt":"MSTC (Metal Scrap Trade Corporation) Ltd undertakes trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, etc. The company is owned and controlled by the Government of India. Financial Results: MSTC Ltd reported Revenues for Q1FY24 of \u20b9179.00 Crores down from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-113.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-113.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-113.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-113.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-113.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/06\/image-113.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":149819,"url":"https:\/\/alphastreet.com\/india\/sundaram-clayton-ltd-q1fy24-25-rise-in-profits\/","url_meta":{"origin":153562,"position":4},"title":"Sundaram Clayton Ltd Q1FY24; 25% rise in Profits","author":"Chirag Gupta","date":"July 25, 2023","format":false,"excerpt":"Sundaram Clayton Ltd was incorporated in Chennai in 1962 and is part of the TVS group, led by Mr. Venu Srinivasan. It is engaged in the business of manufacturing and distributing aluminum die castings. Sundaram Clayton manufactures non-ferrous gravity and pressure die castings. Financial Results: Sundaram Clayton Ltd reported Revenues\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-199.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-199.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-199.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-199.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-199.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-199.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":153538,"url":"https:\/\/alphastreet.com\/india\/mstc-ltd-q1fy24-6-fall-in-profits\/","url_meta":{"origin":153562,"position":5},"title":"MSTC Ltd Q1FY24; 6% fall in Profits","author":"Karan_Singh","date":"August 14, 2023","format":false,"excerpt":"MSTC (Metal Scrap Trade Corporation) Ltd undertakes trading activities, e-commerce and also disposal of ferrous and non-ferrous scrap, surplus stores, minerals, agri and forest products, etc. The company is owned and controlled by the Government of India. Financial Results: MSTC Ltd reported Revenues for Q1FY24 of \u20b9179.00 Crores down from\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-952.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-952.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-952.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-952.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-952.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-952.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/153562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=153562"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/153562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/153565"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=153562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=153562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=153562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}