Setco Automotive's Q2 FY 2025-26 Quarterly Results

Result Summary

• Setco Automotive Ltd reported a 0.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 8.6%.
• Its expenses for the quarter were down by 0.1% QoQ and up 11.0% YoY.
• The net profit decreased 2.3% QoQ and increased 18.5% YoY.
• The earnings per share (EPS) of Setco Automotive Ltd declined at 1.99 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Setco Automotive Ltd is a prominent player in the automotive industry, primarily recognized for its manufacturing and distribution of clutch products. The company caters to major commercial vehicle manufacturers, contributing significantly to the automotive supply chain. With a focus on innovation and quality, Setco has positioned itself as a key supplier in the market. However, specific recent major developments or strategic changes within the company are not available from the provided data.

Revenue

In the second quarter of fiscal year 2026 (Q2FY26), Setco Automotive Ltd reported a total income of ₹180.13 crores. When compared to the previous quarter (Q1FY26), where the total income was ₹180.11 crores, the company experienced a negligible quarter-over-quarter growth of 0.0%. On a year-over-year basis, total income increased by 8.6% compared to Q2FY25, where the income was ₹165.93 crores. This growth reflects an improvement in the company's revenue-generating capabilities over the past year.

Profitability

Setco Automotive Ltd recorded a loss before tax in Q2FY26, amounting to ₹41.29 crores. This represents a decrease in losses by 5.6% from the previous quarter, where the loss was ₹43.76 crores. Compared to the same quarter last year (Q2FY25), the loss before tax increased by 18.5% from ₹34.83 crores, indicating a negative trend over the year. The profit after tax for Q2FY26 was a loss of ₹41.27 crores, showing a slight improvement of 2.3% from Q1FY26, where the loss was ₹42.23 crores. The year-over-year comparison also reflects an 18.5% increase in post-tax losses. Earnings per share (EPS) for Q2FY26 stood at -₹1.99, reflecting a 23.8% improvement from the previous quarter and a 7.9% improvement from the same quarter last year.

Operating Metrics

Total expenses for Setco Automotive Ltd in Q2FY26 were ₹222.54 crores, which were relatively stable compared to ₹222.75 crores in Q1FY26, showing a slight decrease of 0.1%. Year-over-year, expenses increased by 11.0% from ₹200.49 crores in Q2FY25, indicating rising costs over the year. The tax expense for the quarter was minimal at -₹0.02 crores, showing a significant reduction from -₹1.53 crores in the previous quarter. The substantial reduction in tax expenses by 98.7% QoQ highlights an operational change in tax-related obligations or benefits. Overall, Setco Automotive's operating metrics demonstrate stability in quarterly expenses and significant changes in tax expenses, reflecting the company's operational adjustments.