Q3FY17 Results: Setco Automotive Ltd

Setco Automotive Ltd. reported its standalone results for the quarter ended December 31, 2016  on February 13.

The company reported sales of Rs. 120.2 crore for Q3FY17, which represents a 17.15 per cent sequential increase and 3.71 per cent YoY increase.

Its operating profit (EBIT) for the quarter came in at Rs 11.6 crore with EBIT margin of 9.65 per cent.

The company reported PAT of Rs 3.1 crore, which represents a sequential QoQ increase of 158.33 per cent and a YoY decline of 52.31 per cent.

Setco Automotive is an Indian auto component manufacturing company. The company manufactures clutch products for the automotive and hydraulic products for construction equipment industry. This company also manufactures precision engineering components like complex and deep drawn pressings and forgings and castings that are machined and heat treated.