Pune: Setco Automotive Limited (NSE: SETCO, BSE: 505075), India’s leading manufacturer of clutches for medium and heavy commercial vehicles (MHCVs), announced its audited financial results for Q4 and FY25, reporting historic highs in both quarterly and annual performance.
In a landmark achievement, Setco crossed the ₹200 crore quarterly sales milestone for the first time, clocking ₹210.6 crore in Q4 FY25 — up 19% YoY from ₹177 crore in Q4 FY24.
This growth was fueled by robust demand across OEM, IAM, and export markets. EBITDA surged 84% YoY to ₹40.6 crore, with margins improving 680 basis points to 19.3%, reflecting enhanced operational efficiencies and favorable segment mix.
For FY25, the company reported a 12.2% increase in revenue from operations at ₹718.6 crore, up from ₹640.7 crore in FY24. Full-year EBITDA stood at ₹109.2 crore, up 50.7% YoY, as the company benefited from strategic initiatives, product launches, and improved profitability at Lava Cast, its machined castings subsidiary.
Setco Automotive: Key Business Developments
- New Product Launches: Introduction of Clutch Release Bearings (CRB) and Central Support Bearings (CSB) to diversify offerings and strengthen position in the MHCV components market.
- Lava Cast Revival: Lava Cast delivered its best-ever yearly output since 2019, recorded sub-5% rejection rates, and reported a positive EBITDA for the year.
- Export Growth: Highest-ever export volumes, with successful North American market penetration through new clutch variants.
- Digital Push: Over 20,000 mechanics and retailers onboarded through the ‘Drive Rewards’ program via the Setco Connect mobile app.
Commenting on the performance, Harish Sheth, Chairman and Managing Director of Setco Automotive, said: “This has been a milestone year for Setco. Crossing the ₹200 crore quarterly revenue mark is a testament to the strength of our product portfolio, the trust of our customers, and the execution capabilities of our team. Our continued focus on innovation and operational excellence will help us sustain this momentum as we enter the next phase of growth.”
With a strong foundation in place, Setco Automotive is poised to accelerate its leadership in the automotive components space, supported by continued investments in R&D, digital transformation, and customer-centric solutions.
