Setco Automotive Records 2.68% YoY Growth in Consolidated Net Sales for March 2023, Amounting to Rs. 160.36 Crore
Setco Automotive has reported their consolidated quarterly numbers, revealing positive growth in net sales. In March 2023, the company’s net sales amounted to Rs. 160.36 crore, representing an increase of 2.68% compared to March 2022 when it was Rs. 156.18 crore.
However, there was a quarterly net loss of Rs. 57.68 crore in March 2023, indicating a decrease of 146.08% from March 2022 when it was Rs. 23.44 crore.
On a positive note, the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for March 2023 stood at Rs. 22.17 crore, reflecting a significant growth of 157.79% from March 2022 when it was Rs. 38.36 crore.
It is important to mention that Setco Auto’s shares closed at 6.75 on June 02, 2023, on the National Stock Exchange (NSE). Over the last six months, the shares have experienced a negative return of -43.28%, while over the past 12 months, the return has been -52.96%.
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