Setco Automotive reports consolidated net loss of Rs 34.92 crore in the June 2025 quarter
Net Loss of Setco Automotive reported to Rs 34.92 crore in the quarter ended June 2025 as against net loss of Rs 29.24 crore during the previous quarter ended June 2024. Sales rose 9.95% to Rs 178.75 crore in the quarter ended June 2025 as against Rs 162.58 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 178.75162.58 10 OPM % 12.0711.86 - PBDT -35.00-29.09 -20 PBT -42.64-37.17 -15 NP -34.92-29.24 -19
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
9 minutes ago
- India.com
Swiggy's Instamart beats Zepto in quick commerce, manages to race ahead on....
Swiggy Instamart vs Zepto Swiggy Instamart vs Blinkit vs Zepto: In a significant development in the quick-commerce industry which is being currently ruled by Swiggy Instamart, Blinkit and Zepto, Swiggy's quick commerce arm Instamart has witnessed a massive growth and has reclaimed the number two position from Zepto based on net merchandise value (NMV). As per a report by Moneycontrol, Zepto has fallen behind Swiggy's Instamart in terms of net merchandise value (NMV). Here are all the details you need to know about the recent development in the quick-commerce market and why it is a massive development for Swiggy. Who rules the quick commerce market? As per data release by the media report, Blinkit had an NMV of Rs 845 crore and Swiggy's Instamart and Zepto could only manage a NMV of Rs 405 crore and Rs 375 crore respectively in the week of August 4-11. For those unversed, Net Merchandise Value (NMV) is the actual value of goods sold after reducing for returns and cancellations from the total order value. Why it's big for Swiggy Instamart? Experts are praising the development for Swiggy as this is the first time in several months that Swiggy's Instamart has overtaken Zepto in market share terms, the report said. Therefore, it remains to be seen whether Zepto will be able to regain the lost spot from Swiggy Instamart or not. Why Zepto CEO accuses rival company's CFO of targeting them? In a development from May this year, Aadit Palicha, the CEO and Co-founder of quick delivery platform Zepto, had alleged that the chief financial officer (CFO) of a rival company is running a smear campaign against them over the past few days. Palicha said in a LinkedIn post that the spam campaign includes 'calling our investors to make wild allegations about us with no empirical evidence, giving out false numbers/Excel sheets on Zepto through sources known to journalists, and paying bots on social media to spread a negative narrative'. (With inputs from agencies)
Time of India
11 minutes ago
- Time of India
UPI fraud clampdown: NPCI to end P2P collect requests from October 1; Banks, apps told to block pull transactions permanently
National Payments Corporation of India (NPCI) has directed banks and payment apps to stop all peer-to-peer (P2P) 'collect requests' on UPI from October 1, 2025, in an effort to curb financial fraud. In a circular dated July 29, NPCI said, 'It is hereby informed that by October 1, 2025 UPI P2P collect shall not be allowed to be process in UPI.' "All member banks, Payment Service Providers (PSPs) and UPI apps are hereby directed to implement the necessary changes in their systems and operational processes to ensure that no P2P collect transaction is initiated, routed, or processed on UPI beyond October 1, 2025," it added, reported PTI. The move means that all banks and UPI apps — including PhonePe, Google Pay, and Paytm — will no longer be able to initiate, route, or process P2P collect transactions after the deadline. At present, the maximum amount that can be collected from another individual per transaction is Rs 2,000, with a daily cap of 50 successful transactions. "By eliminating this feature, UPI reinforces its position as a platform that is fast and easy, while also being secure and reliable. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Back Pain Treatments That Might Surprise You! Back Pain Treatment | Search Ads Undo This change, removing a high-risk channel, will significantly reduce fraud. Now, all P2P transactions will be payer-initiated, requiring the user to scan a QR code," NTT DATA Payment Services India CFO Rahul Jain said. In such cases, the payer will have full control over the transactions they initiate, he noted. NPCI had capped pull transactions at Rs 2,000 in 2019, but fraud incidents continued. 'This move will act as a safeguard for users, and such frauds will now be eliminated,' it said. 'NPCI's decision to discontinue UPI 'collect' requests closes a loophole long exploited in payment scams, marking a decisive step toward a safer digital economy,' said Reeju Datta, co-founder of Cashfree Payments. He noted that championing user-initiated 'push' transactions enhances consumer control and transparency while reinforcing trust in digital payments. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
Time of India
23 minutes ago
- Time of India
Top cos keen to bid for BMC's 2nd Versova desalination plant project
Mumbai: Leading companies have expressed interest in the BMC's plan to develop a second 200 MLD sea water reverse osmosis (SWRO) desalination plant at Versova. Meanwhile, the submission deadline for bids for the Rs 3,200 crore Manori desalination plant, a 200 MLD facility, has been extended to Aug 19. This project had attracted interest from 20 bidders. The BMC has sought expression of interest (EOI) for setting up its second desalination plant at Versova and aims to implement the project on a design, build, finance, operate, and transfer (DBFOT) basis and has set a deadline of Sept 6 for submissions of the EOIs. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai | Gold Rates Today in Mumbai | Silver Rates Today in Mumbai According to sources, L&T, Adani group, Va Tech Wabag, IDE Technologies, Suez, and Megha Engineering have shown interest, and officials representing them have visited the project site. The EOIs submitted by the companies are expected to include techno-economic feasibility reports detailing aspects such as the technology and financing options the companies will adopt, as well as a tentative cost of the project. Subsequently, a consultant appointed by the BMC will assess the best solutions, including technology and financing options, and recommend the most suitable option. Accordingly, the civic body is expected to issue a tender document, followed by a standard bidding process. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unsold 2024 Cars Now Almost Free - Prices May Surprise You Unsold Cars | Search Ads Learn More Undo Under the DBFOT model, the BMC will not incur upfront expenditure for setting up the desalination plant, as the capital costs are expected to be covered by the company establishing the plant. Instead, the civic body will purchase water from the firm on a per kilolitre basis. The desalination plant is being developed over a seven-acre area encompassing three lagoons at Versova. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Happy Independence Day wishes , messages , and quotes !
