Setco Automotive FY26 loss narrows; revenue hits ₹805 cr

What Setco Automotive reported for FY26

Setco Automotive Limited reported a sharp improvement in FY26, led by higher revenue and lower finance costs. Consolidated revenue from operations rose 12% year-on-year to ₹804.93 crore (₹80,493 lakh). The company also reported that consolidated net loss attributable to owners narrowed to ₹0.12 crore (₹12 lakh) from ₹105.09 crore (₹10,509 lakh) in the previous fiscal year. Separately, another FY26 results summary stated that consolidated net loss narrowed 97% year-on-year to ₹4.28 crore (₹428 lakh). The disclosures presented both figures, highlighting meaningful loss reduction but with different loss numbers cited across summaries.

Consolidated profitability: turnaround in pre-tax performance

On a consolidated basis, Setco Automotive reported profit before tax and exceptional items of ₹24.53 crore (₹2,453 lakh) for FY26. This was a significant improvement from a loss of ₹128.61 crore (₹12,861 lakh) in FY25. The company attributed the improvement to strong revenue growth and reduced finance costs. While the note points to finance cost reduction as a driver, it does not provide the absolute finance cost numbers in the provided text. Even so, the swing in pre-tax performance indicates FY26 was materially better than FY25 on core operating and cost lines.

Standalone performance: profit in FY26 after FY25 loss

The standalone results showed a different picture from the consolidated headline. The parent company reported a standalone net profit of ₹85.07 crore (₹8,507 lakh) for FY26, reversing a net loss of ₹1.30 crore (₹130 lakh) in FY25. One of the results summaries also stated that the standalone profit turned positive due to an exceptional reversal of ₹82.90 crore (₹8,290 lakh). The disclosed numbers point to a large exceptional item shaping standalone profitability, although the detailed breakup and the underlying reason for the reversal were not included in the provided extract.

Board approvals and the FY26 results timeline

Setco Automotive’s Board of Directors approved the audited financial results on August 31, 2026. Corporate calendar information also showed board meeting entries for “Audited Results” on 2026-08-31 and 2026-08-29. Ahead of this, the company had announced that its Board would convene on August 29, 2026 to consider and approve audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company also said the outcome of the board meeting would be communicated to the stock exchanges.

Trading window closure under the insider trading code

In its board meeting disclosure, the company stated that the trading window remained closed from April 1, 2026. It also said the window would reopen 48 hours after the financial results are declared. This is consistent with standard compliance practices around results publication, as referenced in the company’s communication.

Audit opinions: unmodified standalone, qualified consolidated

Statutory auditors Sharp & Tannan Associates issued an unmodified opinion on the standalone financial statements. However, they issued a qualified opinion on the consolidated results. The stated reason was a consolidation issue involving a subsidiary. According to the disclosure, one subsidiary, WEW Holding Limited, did not prepare consolidated financial statements for its UK subsidiary as required by IFRS 10. The company’s consolidated financial reporting therefore faced a qualification linked specifically to compliance with IFRS consolidation requirements.

Earlier delay in audited results submission

The company had previously informed exchanges about a delay in submitting audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. In the June 2, 2026 communication, Setco Automotive said additional time was needed for finalising the financial statements, completing audit procedures, and incorporating financial adjustments. It also stated the delay was not intentional and that it would submit the results immediately upon completion. This background helps explain why the final approval date came at the end of August.

Other corporate actions mentioned alongside FY26 developments

Setco Automotive scheduled an extraordinary general meeting (EGM) for April 25, 2026 to approve the complete divestment of its material subsidiary SASPL to RSB Transmissions. The initial consideration disclosed was ₹185 crore, with potential additional payments up to ₹326 crore. The same results summary also stated that consolidated equity remained negative at ₹734.92 crore (₹73,492 lakh) amid debt reduction. The extract did not provide additional detail on the pace of deleveraging or the components of equity, but it flagged the negative equity position as a continuing balance-sheet factor.

Stock and identification details cited in the disclosures

The extract stated that Setco Automotive trades under NSE: SETCO and BSE: 505075. It also stated the stock was trading at 17.50 as on Mon Aug 31 2026 06:21:09. Separately, company contact and location details were listed as Vadodara-Godhra Highway, Kalol, Panchmahal District, Gujarat, 389330; investor.relations@setcoauto.com; and www.setcoauto.com.

Key FY26 figures at a glance

Why the FY26 update matters for investors

The FY26 numbers indicate a materially improved earnings profile compared with FY25, particularly on consolidated pre-tax performance and loss reduction. At the same time, the qualified audit opinion on consolidated results is a key governance and reporting detail investors typically track closely. The negative consolidated equity disclosed in the results summary also remains a structural point to monitor, alongside any debt reduction mentioned. With audited results now approved, the next relevant updates for investors are the stock exchange filings and any follow-up clarifications on the audit qualification and consolidation of WEW Holding Limited’s UK subsidiary.