India · Delayed Price · Currency is INR ZF Commercial Vehicle Control Systems India Earnings Call Transcripts
Fiscal Year 2026
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Record revenue and profit achieved for Q4 and FY26, with strong OE and aftermarket growth, despite export headwinds and margin pressure from commodity costs. Bonus share issue and dividend announced; cautious outlook for FY27 amid geopolitical and cost risks.
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Q3 FY 2025-26 delivered strong revenue and profit growth, outperforming the commercial vehicle market, with robust aftermarket and OE sales, despite export headwinds. Strategic localization, new product launches, and sustainability initiatives position the company for continued growth.
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Revenue and net profit grew modestly in Q2 FY26, with strong aftermarket and LCV segment gains offsetting export declines to the U.S. Strategic focus remains on safety and e-mobility products, while working capital and cash flow improved significantly.
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Revenue grew 7.3% year-over-year to INR 1,042.15 crores, with profit after tax up 23.23% and record EBITDA margin of 23.42%. OE and aftermarket segments saw strong growth, while exports declined due to US softness but service exports rose. Strategic focus remains on advanced tech and regulatory-driven opportunities.
Fiscal Year 2025
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Q4 FY2024-2025 saw record revenues and profit before tax, with strong export and service growth. Strategic focus on advanced technologies, regulatory-driven products, and plant expansion positions the company for continued growth, despite industry and export headwinds.
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Q3 FY24-25 delivered 4.4% revenue growth and a significant EBITDA margin improvement to 23.3%, driven by strong aftermarket and export performance, cost optimization, and new product launches. The company is well-positioned for future growth amid evolving regulatory and market conditions.