ZF Commercial Vehicle Control Systems India (ZFCVINDIA) Q1 25/26 earnings summary

Executive summary

• Q1 FY2025-2026 consolidated revenue rose 7.3% year-over-year to INR 1,042.15 crores, with profit after tax up 23.23%, driven by portfolio and cost management actions.

• Unaudited standalone and consolidated financial results for the quarter ended 30 June 2025 were reviewed and approved by the Board on 12 August 2025.

• Statutory auditor's limited review reports for both standalone and consolidated results are unqualified, indicating no material misstatements.

• CEO and CFO certified that the financial results are free from false or misleading statements.

• Strategic focus on advanced technologies (AMT, ECAS, EBS, ADAS), e-mobility, and regulatory-driven product launches.

Financial highlights

• Consolidated revenue from operations for Q1 FY26 was ₹97,555.50 lakhs, up from ₹94,575.83 lakhs in Q1 FY25.

• Consolidated profit after tax for Q1 FY26 was ₹12,237.57 lakhs, compared to ₹9,943.17 lakhs in Q1 FY25.

• EBITDA margin reached a record 23.42% in Q1 FY2025-2026.

• Service income: INR 123.2 crores, up 19.19% year-over-year.

• Basic EPS (consolidated) for Q1 FY26 was ₹64.52, up from ₹52.42 in Q1 FY25.

Outlook and guidance

• CV industry expected to rebound in H2 FY2025-2026, supported by festive season, favorable monsoon, and infrastructure investments.

• Regulatory changes (ESC, ADAS) and e-mobility adoption seen as major growth drivers.

• Results were prepared in accordance with Indian Accounting Standards and SEBI regulations, reflecting compliance and transparency.

• GDP growth for 2025-2026 projected at 6.5%, with Q1 at 6.6%.