Setco Automotive Limited has informed the Exchange about General Updates
SETCO · price
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Setco Automotive filed its Q1 FY26 investor presentation with the exchanges. Quarterly revenue grew 7.8% year-on-year to Rs. 178.8 crore, while EBITDA rose 11.9% to Rs. 21.6 crore with margins improving 44 basis points to 12.07%, driven by better sales mix and operational efficiencies at its Lava Cast subsidiary. For the full year FY25, revenue grew 12.2% to Rs. 718.6 crore and EBITDA jumped 50.7% to Rs. 109.2 crore, with margins expanding 388 basis points to 15.19%. However, the company remains in a net loss of Rs. 42.2 crore in Q1 FY26 (FY25 loss of Rs. 126.3 crore) primarily due to a heavy interest burden of Rs. 57.9 crore in the quarter. The balance sheet shows deeply negative equity of Rs. -693.8 crore and long-term borrowings of Rs. 1,072 crore. The company highlighted new growth areas including tractor clutches, LCV products, exports to the US aftermarket, and qualification with European OEMs.
Operating performance is steadily improving with both revenue and EBITDA margins trending up, which is a positive signal for the core business. However, the company's high debt load continues to drag it into losses, making debt reduction or refinancing the key thing to watch for shareholders.