Setco Automotive Reports Flat Performance in Q1 FY25, But Shows Growth in Net Sales
Setco Automotive, a leading player in the auto ancillary industry, has recently declared its financial results for the quarter ended June 2024. The company has reported a flat performance for the quarter, with a score of 0 compared to 7 in the previous quarter.
Despite this, there are some positive aspects to the financials of Setco Automotive. The company’s net sales for the nine-month period have shown a growth of 20.25% year on year, reaching Rs 501.41 crore. This indicates a positive trend in the company’s sales in the near term.
Setco Automotive is a microcap company in the auto ancillary industry, catering to the needs of the automotive sector. The company has a strong presence in the market and has been consistently delivering quality products to its customers.
However, according to MarketsMOJO, a leading stock analysis platform, the stock call for Setco Automotive is ‘Sell’. This may be due to various factors such as market conditions and competition in the industry.
Overall, while Setco Automotive may have had a flat financial performance in the recent quarter, its growth in net sales and strong market presence are positive indicators for the company’s future. Investors may want to keep an eye on the company’s performance in the coming quarters.
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