'Setco Automotive held its conference call on 18 February 2018 to discuss its results for the period ended December 2017.
Vinay Sahane Vice President Finance of the company addressed the call.
Highlights of the call
The company enjoys a strategic global presence and sells its clutches under LIPE a world renowned brand.
Sales grew 21% on yoy basis and 8% on qoq basis.
Sales of Rs 145 crore December 2017 quarter along with optimization of operating costs have resulted in significant improvement in EBIDTA.
PAT jumped 279% to Rs 11.27 crore.
Generally the momentum in the market is correctly reflected in H2 performance.
The company will continue to dominate the OEM and after market segments.
December 2017 quarter witnessed strong growth in volume as in previous quarter post GST implementation.
The management expects the trend to accelerate in the next quarter as well as coming year.
Investment o...
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