ZF Steering Gear (India) Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	5,711	4,939	4,779	4,504	3,128
Other Revenue	98.6	2	3.5	3.9	2.7
Revenue	5,809	4,941	4,782	4,508	3,131
Revenue Growth (YoY)	17.58%	3.31%	6.08%	44.00%	55.22%
Cost of Revenue	3,456	3,236	3,213	3,007	1,956
Gross Profit	2,354	1,705	1,570	1,501	1,175
Selling, General & Admin	827.4	714.8	640.5	560.2	476
Other Operating Expenses	678.5	400.4	340	304.2	238.2
Operating Expenses	1,979	1,543	1,318	1,186	1,028
Operating Income	374.6	162.2	252.1	314.7	147
Interest Expense	-80.4	-64.8	-9.1	-6.2	-2.2
Interest & Investment Income	-	11.5	10	8.7	6.7
Currency Exchange Gain (Loss)	-	0.8	-1.9	2.3	0.7
Other Non Operating Income (Expenses)	-	5.8	3.8	1.9	4.5
EBT Excluding Unusual Items	294.2	115.5	254.9	321.4	156.7
Gain (Loss) on Sale of Investments	-	128.8	231.5	47.5	143.4
Gain (Loss) on Sale of Assets	-	0.7	32.3	-5.9	-1.1
Other Unusual Items	-6.7	-	-	-	-
Pretax Income	287.5	245	518.7	363	299
Income Tax Expense	167.1	119.1	81.9	117.6	116.3
Earnings From Continuing Operations	120.4	125.9	436.8	245.4	182.7
Minority Interest in Earnings	33.5	23.3	0.1	-	-
Net Income	153.9	149.2	436.9	245.4	182.7
Net Income to Common	153.9	149.2	436.9	245.4	182.7
Net Income Growth	3.15%	-65.85%	78.04%	34.32%	106.44%
Shares Outstanding (Basic)	9	9	9	9	9
Shares Outstanding (Diluted)	9	9	9	9	9
Shares Change (YoY)	0.01%	-	-	-	-
EPS (Basic)	16.96	16.44	48.15	27.05	20.14
EPS (Diluted)	16.96	16.44	48.15	27.05	20.14
EPS Growth	3.14%	-65.85%	78.04%	34.32%	106.44%
Free Cash Flow	-116.1	-197.8	-592.8	92.1	-181
Free Cash Flow Per Share	-12.79	-21.80	-65.33	10.15	-19.95
Dividend Per Share	-	-	8.000	5.000	-
Dividend Growth	-	-	60.00%	-	-
Gross Margin	40.52%	34.51%	32.82%	33.29%	37.54%
Operating Margin	6.45%	3.28%	5.27%	6.98%	4.70%
Profit Margin	2.65%	3.02%	9.14%	5.44%	5.84%
Free Cash Flow Margin	-2.00%	-4.00%	-12.40%	2.04%	-5.78%
EBITDA	847.7	569.2	570.9	618.4	448.6
EBITDA Margin	14.59%	11.52%	11.94%	13.72%	14.33%
D&A For EBITDA	473.1	407	318.8	303.7	301.6
EBIT	374.6	162.2	252.1	314.7	147
EBIT Margin	6.45%	3.28%	5.27%	6.98%	4.70%
Effective Tax Rate	58.12%	48.61%	15.79%	32.40%	38.90%
Revenue as Reported	5,809	5,146	5,122	4,637	3,338

Source: S&P Global Market Intelligence. Standard template. Financial Sources.