Latest news with #HarishSheth
Time of India
6 days ago
- Automotive
- Time of India
Setco Automotive Q1 revenue up 7.8% to ₹178.8 crore
Setco Automotive , a manufacturer of MHCV clutches , on Wednesday said it reported a 7.8 per cent year-on-year increase in its consolidated revenue from operations to ₹178.8 crore for the quarter ended 30 June 2025 from ₹165.8 crore reported in Q1 FY25. The company attributed revenue growth to continued demand for its products. Its EBITDA stood at ₹21.6 crore, an increase of 11.9 per cent compared with ₹19.3 crore in the same period last year. While EBITDA margin improved to 12.1 per cent from 11.6 per cent. Business performance and product launches It launched an automotive water pump for the light commercial vehicle and medium and heavy commercial vehicle segments, and entered the suspension solutions segment with the launch of the load cushion and torque rod bush. Chairman and Managing Director Harish Sheth said Q1 revenue reflected growth alongside an improvement in gross margins to 54 per cent. He added that traction from products launched last year and entry into the tractor segment had begun to yield results. Outlook Sheth said recent expansions, including water pumps, suspension products, CRB, and CSB, were strengthening the company's position in the auto components value chain . He expressed confidence in achieving stronger growth in FY26 with an expanding product portfolio and deeper engagement with OEM and aftermarket customers.
Time of India
24-06-2025
- Automotive
- Time of India
Setco Automotive launches load cushion and torque rod bush for commercial vehicles
Setco Automotive , a manufacturer of clutches for medium and heavy commercial vehicles (MHCVs), has announced the launch of two suspension components— Load Cushion and Torque Rod Bush —as part of its entry into the MHCV suspension segment. The Load Cushion is a component positioned between the chassis and the axle or leaf spring assembly. It is designed to absorb vertical loads and shocks encountered during heavy-duty operations. Commonly used in heavy commercial vehicles, trailers, and tippers that rely on bogie suspensions, the Load Cushion contributes to maintaining vehicle balance and structural alignment. Setco's version is built using rubber with rubber-to-metal bonding and is intended to withstand compressive forces while ensuring consistent performance. The Torque Rod Bush , also launched by the company, is installed at both ends of the torque rod that connects the axle to the vehicle chassis. It serves to absorb road shocks and vibrations during braking or over uneven terrain, helping to reduce the transmission of impact forces to the driveline. It also supports axle articulation while allowing controlled flexibility. This component is used across medium and heavy commercial vehicles, including trucks, trailers, and buses. Harish Sheth, Chairman and MD, Setco Automotive Ltd., said: 'Following our successful entry into the engine cooling segment with the Automotive Water Pump, we are excited to strengthen our MHCV portfolio with suspension products range. These new products reflect our continued focus on innovation, quality, and addressing evolving customer needs. They deliver superior ride comfort and vehicle reliability, core attributes our customers have come to expect from Setco.' With this launch, Setco aims to broaden its presence in the commercial vehicle market and offer a wider range of components beyond its existing clutch and cooling product lines.
Time of India
05-06-2025
- Automotive
- Time of India
Setco Automotive enters engine cooling segment with water pump launch
Setco Automotive Limited , an Indian manufacturer of medium and heavy commercial vehicle (MHCV) clutches, has announced the launch of its first automotive water pump, marking its entry into the engine cooling systems segment. The newly launched water pump is designed for both light commercial vehicles (LCVs) and MHCVs. It features long-life seal integrity, high load-bearing capability, improved noise, vibration and harshness (NVH) isolation, and a thermally optimised impeller material. The company stated that the product is intended to maintain coolant circulation and thermal stability in a range of operating environments. Focus on diversification 'This launch is a significant step in our journey to diversify and deepen our presence across the auto component value chain,' said Harish Sheth , Chairman and Managing Director of Setco Automotive . 'Our new automotive water pump reflects the same quality, performance, and engineering that has made Setco the benchmark in the clutch segment. With this product, we aim to deliver reliable engine protection and performance, while strengthening our relationships with OEMs and aftermarket customers alike,' he added. Setco Automotive is listed on the BSE (505075) and NSE (SETCO).
Time of India
28-05-2025
- Automotive
- Time of India
Setco Automotive's Q4 revenue rises 19% to ₹210 crore
Setco Automotive Limited on Wednesday reported a 19 per cent year-on-year (yoY) rise in its revenue for the fourth quarter of FY25, rising to an all-time high of ₹210.6 crore. For the full financial year ending March 31, 2025, it saw 12.2 per cent increase in revenue, reaching ₹718.6 crore. The company attributed the growth to rise in exports, IAM sales, and OES sales, alongside significant improvements in EBITDA margins and the successful turnaround of Lava Cast. EBITDA for Q4 FY25 stood at ₹40.6 crore, a significant rise from ₹22.01 crore in the same period last year, marking an 84.0 per cent growth. The EBITDA margin for Q4 FY25 was 19.3per cent, an improvement of 680 basis points YoY. For FY25, EBITDA reached ₹109.2 crore, compared to ₹72.5 crore in FY24, a 50.7 per cent YoY growth. The EBITDA margin for the full year stood at 15.2 per cent . Other achievements Additionally, Setco received an award from SEEM for Energy Management for its UKD plant. The company successfully launched the 'Drive Rewards' programme with the Setco App (Playstore: Setco Connect), onboarding over 20,000 mechanics and retailers. During the first half of the year, banks sanctioned the restructuring of Lava Cast's debt, leading to the withdrawal and disposal of the insolvency petition. Lava Cast's Q4 EBITDA margin improved to 11 per cent , achieving a positive EBITDA for the year. Lava Cast recorded its best-ever rejection rates for the year, achieving less than 5 per cent . This improvement is attributed to rigorous quality checks and advanced production processes. Harish Sheth, Chairman & MD of Setco Automotive, said 'I am pleased to share that this has been a landmark quarter and year for us, delivering the highest-ever quarterly and yearly sales and EBITDA in the company's history. Our revenue touched an all-time high of ₹210.6 crore for the quarter, crossing the ₹200 crore mark for the first time, reflecting a YoY growth of 19.0per cent . This performance underscores the continued trust of our customers and the growing demand for our products across key markets."
