Latest news with #SetcoAutomotiveLimited
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."
