Setco Automotive Reports Mixed Financial Results Amidst Record Sales and Profit Challenges

Setco Automotive, a microcap player in the auto ancillary industry, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable performance in certain areas, while also highlighting challenges that the company faces. In terms of positive developments, Setco Automotive achieved its highest quarterly net sales in the last five quarters, reaching Rs 177.33 crore. Additionally, the operating profit also marked a peak at Rs 29.41 crore, reflecting an improvement in the company's operational efficiency, as evidenced by an operating profit margin of 16.58%. Conversely, the financial results reveal significant concerns, particularly in the profit before tax (PBT) category, which recorded a loss of Rs -36.08 crore. This figure represents a decline of 18.14% year on year, indicating a negative trend in this area. As a result of these mixed outcomes, Setco Automotive has experienced an adjustment in its evaluation, with its score reflecting a shift from 3 to 1 over the past three months. Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.