Business Daily from THE HINDU group of publications
Friday, May 15, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, May 15, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate Results
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Automobile Components Setco Automotive posts Rs 12.5-cr profit Our Bureau Mumbai, May 14 Clutch maker Setco Automotive Ltd, which supplies to commercial vehicle manufacturers including Tata Motors and Ashok Leyland, reported a net profit of Rs 12.53 crore, showing a flat growth for the financial year 2009. The 33 per cent fall in sales in the medium and heavy commercial vehicle segment dampened the company’s business with the original equipment manufacturers. However, the company reported profit because of 60 per cent growth in aftermarket sales. The total sales grew 15 per cent to Rs 160 crore. Setco Auto forms venture with German co FTE More Stories on : Automobile Components
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