Setco Automotive Ltd's Q3FY25 Quarter Results
- 13 Feb 2025
Result Summary
- Setco Automotive Ltd reported a 7.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 7.7%.
- Its expenses for the quarter were up by 6.4% QoQ and 9.1% YoY.
- The net profit decreased 1.2% QoQ and increased 17.2% YoY.
- The earnings per share (EPS) of Setco Automotive Ltd declined at 2.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 178.99 | 165.93 | 166.22 | 7.9% | 7.7% |
Total Expenses | 213.41 | 200.49 | 195.59 | 6.4% | 9.1% |
Profit Before Tax | -34.42 | -34.83 | -29.37 | -1.2% | 17.2% |
Tax | 0.00 | 0.00 | 0.00 | - | - |
Profit After Tax | -34.42 | -34.83 | -29.37 | -1.2% | 17.2% |
Earnings Per Share | -2.10 | -2.20 | -1.80 | -4.5% | 16.7% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Setco Automotive Ltd is a prominent player in the automotive industry, primarily engaged in the manufacturing of clutches for commercial vehicles. The company's product line is integral to the commercial vehicle segment, providing essential components that ensure vehicle performance and reliability. While specific recent developments for Setco Automotive Ltd are not provided in the current data, the company operates in an industry characterized by cyclical demand, influenced by economic conditions, infrastructure development, and trends in the automotive sector. As of the latest information, Setco Automotive Ltd continues to focus on enhancing its product offerings and maintaining its position in the market.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Setco Automotive Ltd reported a total income of ₹178.99 crores. This represents a quarter-over-quarter (QoQ) increase of 7.9% from ₹165.93 crores in Q2FY25. Additionally, there was a year-over-year (YoY) increase of 7.7% compared to ₹166.22 crores recorded in Q3FY24. The growth in revenue over both periods suggests a positive trajectory in the company's sales performance. The revenue figures indicate a consistent upward trend, reflecting potential improvements in market conditions or company operations.
Profitability
Setco Automotive Ltd reported a loss in profitability for the third quarter of fiscal year 2025, with the Profit Before Tax (PBT) recorded at -₹34.42 crores. This figure shows a slight improvement of 1.2% QoQ from a PBT of -₹34.83 crores in Q2FY25, yet a 17.2% YoY increase in loss from -₹29.37 crores in Q3FY24. The Profit After Tax (PAT) mirrored the PBT, also at -₹34.42 crores, due to the absence of tax expense. The Earnings Per Share (EPS) was at -₹2.10, which reflects a QoQ improvement of 4.5% from -₹2.20 in the previous quarter, while indicating a 16.7% YoY increase in loss from -₹1.80 in Q3FY24. These metrics highlight the challenges the company is facing in achieving profitability.
Operating Metrics
The total expenses for Setco Automotive Ltd in Q3FY25 were ₹213.41 crores, marking a 6.4% increase QoQ from ₹200.49 crores in Q2FY25 and a 9.1% increase YoY from ₹195.59 crores in Q3FY24. The rise in expenses outpaced the growth in total income over both periods, which could be attributed to various factors such as increased cost of goods sold, operational costs, or other financial pressures. The persistent operating loss, as indicated by the negative profit before tax and after tax, suggests a need for further analysis into cost management and operational efficiencies. The company's focus remains on navigating through these fiscal challenges while attempting to maintain or improve revenue streams.
