Setco Automotive, the largest clutch supplier to the medium and heavy commercial vehicle (MHCV) segment, is not only eyeing a foray into the light commercial vehicles (LCV) and farm equipment space within the next six months, but also exploring options to set up an assembly plant in Russia. The company already operates two assembly units overseas, one in Manchester, UK and another in Nashville, Tennessee, US. “We operate in a hub-and-spoke mode. Our main plant is in Kalol, Gujarat, which supplies to assembly plants in the UK, the US and also in Uttarakhand. We are exploring opportunities to set up an assembly plant in Russia as well, and are working with OEMs (original equipment manufacturers) on that front,” said Udit ...
Back to News Key Highlights: Revenue improved by 42.5% Operating Margin enhances to 21.0% Net Profit Margin enhances to 10.1 % Allots Bonus shares Mumbai, August 12, 2010: Setco Automotive Ltd, BSE listed (BSE company code: 505075) a premium automotive clutch manufacturer company have allotted Bonus Shares in the ratio of 1:1 and have declared Unaudited Financial Results for the first quarter ended June 30, 2010 in meeting of Board of Directors held on August 12, 2010. Total Income increased to Rs.52.21 Crs, a growth of 42.5% compare to Rs. 36.65 Crs in the corresponding previous quarter. EBIDTA improved to 21.0% compared to 17.4% in corresponding previous quarter. On a standalone basis, the Company’s net profit for the June ...
Back to News For the Financial Year ended March 31, 2011 For the Quarter ended March 31, 2011 Ø Revenue up by 43.1% Ø Revenue up by 60.7% Ø Profit After Tax up by 84.6% Ø Profit After Tax up by 103.8% Mumbai, May 30, 2011: Setco Automotive Ltd, BSE listed (BSE company code: 505075) a premium automotive clutch manufacturer company has released outstanding Audited Financial Results for the fourth quarter ended March 31, 2011. Financial highlights: For the Year ended March 31, 2011 Leveraged by strong growth in Commercial Vehicle sector, the company registered revenue growth by 43.1% during the Fiscal 2011. The revenue increased from Rs. 21149 Lacs for the Fiscal 2010 to Rs. 30265 Lacs ...
Back to News Foreign Direct Contribution into Gujarat’s Nandghar (Anganwadi) Program Setco Automotive has inspired Miba to contribute in the fields of education and health through its anganwadi program Panchmahal (Gujarat), January 23, 2012: For the first time, a foreign company has partnered with an Indian company, Setco Automotive Limited, by funding for the noble cause of setting up Anganwadi in Katol village, district of Panchmahal, Gujarat. Among the partners, Setco is based in Kalol with its corporate office in Mumbai whereas, the foreign funding partner Miba is based in Laakirchen, Austria. Ms. Manisha Chandra (IAS), Collector, Panchmahal inaugurated the Anganwadi where Mr. J.B.Babariya, District Development Officer and Mr. Ashok Sharma, Additional Collector & Director (DRDA) were also present among ...
Back to News For the nine-month ended December 31, 2011 For the Quarter ended December 31, 2011 Revenue up by 23.5 % Revenue up by 12.3 % Profit After Tax up by 46.8 % Profit After Tax up by 6.9 % Mumbai, February 7, 2012: Setco Automotive Ltd, BSE listed (BSE company code: 505075) a premium automotive clutch manufacturer company has released Unaudited Financial Results for the Quarter and nine-month ended December 31, 2011. Standalone Financial highlights: For the nine-month ended December 31, 2011 The company had a revenue growth of 23.5 % for the nine months ended December 31, 2011. The revenue increased to Rs. 24078 Lacs compared to Rs. 19495 Lac in the corresponding previous period. The Profits ...
Back to News SETCO AUTOMOTIVE PERFORMANCE Standalone (Unaudited) – For the year ended March 31, 2012 Consolidated (Unaudited) – For the year ended March 31, 2012 Ø Revenue up by — 22.5% Ø Revenue up by — 20.0% Ø EBIDTA up by — 16.2% Ø EBIDTA up by – 17.0% Ø Profit After Tax up by — 26.2% Ø Profit After Tax up by – 32.2% Mumbai, May 15, 2012: Setco Automotive Ltd, BSE listed (BSE company code: 505075) a premium automotive clutch manufacturer company has released Unaudited Financial Results for the Quarter and year ended March 31, 2012. Standalone Financial highlights (Unaudited): For the year ended March 31, 2012 The company had a revenue growth of 22.5% for ...
Back to News The Board of Directors of Setco Automotive Ltd, BSE listed (BSE company code: 505075) a premium automotive clutch manufacturer company, at its meeting held on July 05, 2012 have recommended a dividend of Rs. 4/- per share of face value of Rs. 10/- each. The company has been consistently declaring dividends starting from FY 2006-07 with Rs. 2.50 to Rs. 4/- per equity share and still continuing in financial year 2011-12. Further, the Board of Directors recommended, subject to the approval of shareholders, a bonus issue of one equity share for every two equity shares held (1:2) by the shareholder. Earlier the Company had also declared bonus in the ratio of 1:1 in the FY 2010-11. Mr. ...
