Setco Automotive Limited — Updates, 13-02-2025: Press Release

Setco Automotive has achieved record revenues for 9 months of FY25, reporting Rs. 499.8 crore, a year-on-year growth of 9.6%. The EBITDA surged to Rs. 68.6 crore, reflecting a robust 36.0% growth compared to the previous year. In Q3 FY25, revenues stood at Rs. 177.3 crore, up 7.4% from Rs. 165.1 crore in Q3 FY24, supported by strong demand in the MHCV sector. The EBITDA for the quarter rose to Rs. 29.4 crore, a 19.0% increase year-on-year, with the EBITDA margin improving to 16.6%.

Significantly, the subsidiary Lava Cast has transitioned to EBITDA positivity and achieved its highest quarterly tonnage since 2019. The company also launched new products and initiated the ‘Drive Rewards’ program, enhancing its market presence. Management remains optimistic about future growth, expecting to leverage operational efficiencies and broaden its product offerings, indicating a positive outlook for stakeholders.