Commercial vehicle component manufacturer crosses Rs 200 crore quarterly revenue milestone for first time with 19% year-on-year growth.
28 May 2025 | 1656 Views | By Angitha Suresh
Setco Automotive Limited reported its quarterly revenue crossed Rs 200 crore for the first time, reaching Rs 210.6 crore in the fourth quarter of fiscal year 2025, representing a 19% increase from Rs 177 crore in the same period last year. The company's EBITDA surged 84% to Rs 40.6 crore ...
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Setco Automotive Limited reported its quarterly revenue crossed Rs 200 crore for the first time, reaching Rs 210.6 crore in the fourth quarter of fiscal year 2025, representing a 19% increase from Rs 177 crore in the same period last year. The company's EBITDA surged 84% to Rs 40.6 crore from Rs 22.01 crore in Q4 FY24.
For the full financial year 2025, the Mumbai-listed company recorded revenue of Rs 718.6 crore compared to Rs 640.7 crore in FY24, marking a 12.2% annual growth. EBITDA for the year increased 50.7% to Rs 109.2 crore from Rs 72.5 crore in the previous year. The company's EBITDA margin improved to 15.2% for the full year and 19.3% for the quarter.
The growth was driven by increased exports, independent aftermarket sales, and original equipment supplier sales. The company also launched new products including clutch release bearings and central support bearings during the period.
Setco Automotive's subsidiary Lava Cast showed improvement with an 11% EBITDA margin in Q4 and achieved its highest quarterly and yearly tonnage since 2019. The casting unit began exports to the US market and recorded rejection rates below 5% for the year.
The company received recognition from Tata Motors with the NVB Excellence Award at the annual supplier conference and launched its 'Drive Rewards' program through the Setco Connect mobile application, onboarding over 20,000 mechanics and retailers.
Established in 1982, Setco Automotive manufactures medium and heavy commercial vehicle clutches and operates five manufacturing units producing over 100 products. The company serves markets across the US, UK, SAARC region, and Middle East through its research and development facilities in India and the UK.
Chairman and Managing Director Harish Sheth attributed the performance to operational excellence, product mix optimization, and cost discipline. The company plans to introduce additional products in the coming quarter to expand its commercial vehicle component offerings.