| Management target | Revenue 2030 |
|---|
| Revenue growth | 9.3% revenue growth from operations; total income grew 5.7%. |
|---|---|
| Margins | Margins pressured by absence of prior year's forex gains. |
| Demand visibility | Strong domestic demand; resilient CV market despite monsoon seasonality. |
| Management confidence | Confident but cautious; focused on R&D and upcoming safety regulations. |
Growth
Revenue from operations grew 9.3%; total income reached 1,101.8 Cr, supported by strong after-market and services growth.
Outlook
Strong outlook for FY26/FY27 driven by upcoming mandatory Electronic Stability Control (ESC) regulations and high-technology adoption.
Risks
EBITDA and PAT degrowth primarily driven by 40 Cr delta in 'other income' and forex volatility.
Last quarter's promises, checked
Delivered
- Q4 Revenue Growth → delivered 15.2% (= BEAT)
- FY26 Revenue Growth → delivered 9.2% (= BEAT)
- Bonus Issue → delivered 5:1 ratio approved (= BEAT)
Partly delivered
- FY26 PAT Growth → delivered 12.2% vs 13.9% PBT growth (= PARTIAL)
Missed
- Q4 Margins → delivered 230 bps Q-on-Q decline (= MISS)
- Export Revenue → delivered 11.1% YoY decline (= MISS)
Earnings Call Transcript filed with BSE, NSE: ZFCVINDIA. Summary written with AI assistance from the document.
ZF Commercial Vehicle Control Systems India Ltd: key numbers
- Share price
- ₹2,175.00
- Market cap
- ₹24,753 Cr
- Revenue (annual)
- ₹4,119 Cr
- Net profit (annual)
- ₹517.1 Cr
- P/E (TTM)
- 49.6×Sector 32.1×
- Promoter holding
- 60.00%+0.00% QoQ
- FII holding
- 5.93%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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