The standalone quarterly financial results for Setco Automotive in March 2023 demonstrate a notable growth in net sales compared to the same period in the previous year. Here are the details:
- Net Sales: Setco Automotive reported net sales of Rs 0.74 crore in March 2023, which reflects a substantial increase of 7300% from Rs 0.01 crore in March 2022.
- Net Loss: The quarterly net loss for March 2023 was Rs 8.24 crore, representing an 88.69% increase from the net loss of Rs 72.85 crore in March 2022.
- EBITDA: The EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for March 2023 stood at Rs 2.08 crore, demonstrating an 84.07% growth from Rs 1.13 crore in March 2022.
In terms of the company’s stock performance, Setco Auto shares closed at Rs 7.05 on June 5, 2023, on the National Stock Exchange (NSE). Over the past 6 months, the stock has experienced a negative return of -40.76%, and over the last 12 months, it has witnessed a decline of -50.87%.
Please note that this information is based on the provided data and reflects the financial performance of Setco Automotive as of March 2023.
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Setco Automotive Records 2.68% YoY Growth Net Sales Rs. 160.36 Crore
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