ZF Commercial Vehicle Control Systems India Limited — Quarter ended 31 March 2026 (audited) and year ended 31 March 2026 (audited)
| S.No. | Particulars | Quarter ended 31.03.2026 (Audited) (Refer note 8) | Quarter ended 31.12.2025 (Unaudited) | Quarter ended 31.03.2025 (Audited) (Refer note 8) | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Revenue from operations | 113,279.77 | 105,765.40 | 100,318.69 | 405,547.93 | 380,408.92 |
| 2 | Other income | 4,238.70 | 3,187.61 | 2,740.57 | 18,583.44 | 10,974.90 |
| 3 | Total income (1+2) | 117,518.47 | 108,953.01 | 103,059.26 | 424,131.37 | 391,383.82 |
| 4 | Expenses (a) Cost of materials consumed | 66,980.58 | 58,430.97 | 60,073.35 | 231,618.88 | 221,185.88 |
| (b) Changes in inventories of finished goods, work-in-progress | (38.81) | 1,055.20 | (1,659.91) | 1,321.01 | (614.00) | |
| (c) Employee benefits expense | 16,968.18 | 14,554.09 | 12,922.29 | 60,929.03 | 53,853.93 | |
| (d) Finance costs | 126.99 | 146.54 | 140.55 | 528.78 | 570.47 | |
| (e) Depreciation and amortisation expense | 3,334.07 | 3,237.96 | 3,152.48 | 12,961.37 | 12,270.06 | |
| (f) Other expenses | 11,109.52 | 12,263.65 | 11,733.92 | 47,951.94 | 43,437.84 | |
| Total expenses | 98,480.53 | 89,688.41 | 86,362.68 | 355,311.01 | 330,704.18 | |
| 5 | Profit before exceptional item and tax (3-4) | 19,037.94 | 19,264.60 | 16,696.58 | 68,820.36 | 60,679.64 |
| 6 | Exceptional item (refer note 7) | – | 793.51 | – | 793.51 | – |
| 7 | Profit before tax (5-6) | 19,037.94 | 18,471.09 | 16,696.58 | 68,026.85 | 60,679.64 |
| 8 | Tax expense (a) Current tax | 5,164.95 | 4,864.11 | 4,109.03 | 18,312.49 | 14,283.87 |
| (b) Deferred tax | (261.87) | (261.22) | 68.29 | (953.19) | 529.95 | |
| Total | 4,903.08 | 4,602.89 | 4,177.32 | 17,359.30 | 14,813.82 | |
| 9 | Profit after tax (7-8) | 14,134.86 | 13,868.20 | 12,519.26 | 50,667.55 | 45,865.82 |
| 10 | Other comprehensive income / (loss) Items that will not be reclassified to profit or loss: Remeasurements of defined benefit liability / (asset) | (840.43) | 26.07 | (265.05) | (529.88) | (533.49) |
| Income tax relating to items that will not be reclassified to profit or loss | 86.72 | (6.56) | 53.29 | 22.96 | 107.27 | |
| Other comprehensive income / (loss) for the period / year | (753.71) | 19.51 | (211.76) | (506.92) | (426.22) | |
| 11 | Total comprehensive income / (loss) (9+10) | 13,381.15 | 13,887.71 | 12,307.50 | 50,160.63 | 45,439.60 |
| 12 | Paid-up equity share capital | 948.38 | 948.38 | 948.38 | 948.38 | 948.38 |
| 13 | Other Equity | – | – | – | 366,688.72 | 320,131.93 |
| 14 | Earnings per share (in rupees) (a) Basic | 74.52 | 73.12 | 66.00 | 267.13 | 241.81 |
| (b) Diluted | 74.52 | 73.12 | 66.00 | 267.13 | 241.81 |
| Particulars | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| ASSETS | ||
| Non-current assets | ||
| Property, plant and equipment | 57,158.06 | 56,250.40 |
| Capital work-in-progress | 5,868.35 | 6,326.94 |
| Right of use assets | 12,194.70 | 13,629.16 |
| Investment property | 2,075.68 | 1,956.57 |
| Intangible assets | 569.40 | 1,053.05 |
| Financial assets (i) Investments | 277.33 | 277.33 |
| Financial assets (ii) Other financial assets | 1,819.15 | 1,821.95 |
| Deferred tax asset (net) | 3,452.28 | 2,476.13 |
| Non-current tax assets (net) | 3,144.08 | 5,923.62 |
| Other non-current assets | 5,367.46 | 3,311.28 |
| Total non-current assets | 91,926.49 | 93,026.43 |
| Current assets | ||
| Inventories | 26,361.92 | 18,644.54 |
| Financial assets (i) Investments | 60,347.99 | 2,856.03 |
| Financial assets (ii) Trade receivables | 91,547.51 | 111,188.74 |
| Financial assets (iii) Cash and cash equivalents | 18,707.32 | 12,720.44 |
| Financial assets (iv) Bank balances other than (iii) above | 143,493.64 | 133,801.21 |
| Financial assets (v) Loans | 1,000.00 | 500.00 |
| Other current assets | 3,405.74 | 3,311.50 |
| Total current assets | 344,864.12 | 283,022.46 |
| Total assets | 436,790.61 | 376,048.89 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 948.38 | 948.38 |
| Other equity | 366,688.72 | 320,131.93 |
| Total equity | 367,637.10 | 321,080.31 |
| Non-current liabilities | ||
| Financial liabilities (i) Lease liabilities | 4,787.39 | 5,660.02 |
| Provisions | 2,789.39 | 2,377.07 |
| Total non-current liabilities | 7,576.78 | 8,037.09 |
| Current liabilities | ||
| Financial liabilities (i) Lease liabilities | 694.91 | 948.30 |
| Trade payables – total outstanding dues of micro enterprises and small enterprises | 2,597.35 | 954.84 |
| Trade payables – total outstanding dues of creditors other than micro enterprises and small enterprises | 39,516.76 | 32,325.27 |
| Other financial liabilities (iii) | 4,889.13 | 5,098.32 |
| Other current liabilities | 7,842.34 | 4,420.92 |
| Provisions | 3,563.01 | 2,525.20 |
| Current tax liabilities (net) | 2,473.23 | 658.64 |
| Total current liabilities | 61,576.73 | 46,931.49 |
| Total equity and liabilities | 436,790.61 | 376,048.89 |
| Particulars | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|
| A. Cash flow from/(used) in operating activities: Profit before tax | 68,026.85 | 60,679.64 |
| Adjustments to reconcile profit before tax to net cash flow Depreciation and amortisation expense | 12,961.37 | 12,270.06 |
| Profit on sale of financial instruments (net) | (2,691.97) | (873.49) |
| Reversal of Expected credit loss | (1,030.31) | 944.89 |
| Interest income | (8,500.40) | (9,149.80) |
| Finance costs | 528.78 | 570.47 |
| Net loss on sale of property, plant and equipment | 209.70 | 61.26 |
| Net foreign exchange differences (unrealised) | (820.17) | (796.93) |
| Operating profit before working capital changes | 68,683.85 | 63,706.10 |
| Adjustments for (Increase)/ decrease in inventories | (7,717.38) | (1,945.84) |
| (Increase)/ decrease in trade receivables | 20,447.91 | (17,855.53) |
| (Increase)/ decrease in other financial assets | 91.07 | (62.53) |
| (Increase)/ decrease in other assets | (391.38) | 638.39 |
| Increase / (decrease) in trade payables, provisions and other liabilities, including financial liabilities | 13,538.81 | (3,602.38) |
| Cash generated from operations | 94,652.88 | 40,878.21 |
| Income tax paid | (13,718.36) | (13,513.25) |
| Net cash flow from/(used) in operating activities | 80,934.52 | 27,364.96 |
| B. Cash flow from/(used) in investing activities Purchase of property, plant, equipment and intangible assets (including capital work in progress, capital advances and capital creditors) | (14,272.64) | (15,202.76) |
| Proceeds from sale of property, plant and equipment | 21.61 | 89.10 |
| (Payment) for acquiring / proceeds from termination of right of use assets | 218.50 | 0.35 |
| Purchase of investment property | (274.72) | (550.36) |
| Purchase of mutual fund units | (73,796.31) | (34,998.25) |
| Proceeds from sale of mutual fund units | 18,996.32 | 35,344.37 |
| Purchase of non-current investments | – | (2.33) |
| Loans given to related party | (1,000.00) | – |
| Repayment of loans given to related party | 500.00 | 500.00 |
| (Purchase of) / proceeds from maturity of bank deposits (net) | (10,790.98) | (14,984.96) |
| Interest received | 9,510.68 | 8,590.97 |
| Net cash flows from/(used) in investing activities | (70,887.54) | (21,213.87) |
| C. Cash flow from/(used) in financing activities Dividend paid | (3,603.84) | (3,224.49) |
| Payment of lease liabilities | (1,145.48) | (625.24) |
| Payment of interest on lease liabilities | (459.62) | (562.02) |
| Net cash flows from/(used) in financing activities | (5,208.94) | (4,411.75) |
| Net increase / (decrease) in cash and cash equivalents [A+B+C] | 4,838.04 | 1,739.34 |
| Cash and cash equivalents at the beginning of the year | 12,720.44 | 10,890.36 |
| Effect of movements in exchange rates on cash held | 1,148.85 | 90.74 |
| Cash and cash equivalents as at end of the year | 18,707.33 | 12,720.44 |
| Components of cash and cash equivalents i) Cash on hand | – | – |
| Components of cash and cash equivalents ii) On current accounts | 18,707.32 | 12,720.44 |
| Cash and cash equivalents at the end of the year | 18,707.32 | 12,720.44 |
| Description | Quarter Ended 31.03.2026 | Quarter Ended 31.12.2025 | Quarter Ended 31.03.2025 | Year Ended 31.03.2026 | Year Ended 31.03.2025 |
|---|---|---|---|---|---|
| Sale of products | 99,428.08 | 92,291.36 | 87,845.42 | 352,188.45 | 331,280.89 |
| Sale/rendering of services | 13,139.44 | 12,682.49 | 11,301.79 | 50,580.00 | 45,407.19 |
| Other operating revenue | 712.25 | 791.55 | 1,171.48 | 2,779.48 | 3,720.84 |
| Total | 113,279.77 | 105,765.40 | 100,318.69 | 405,547.93 | 380,408.92 |
| S.No. | Particulars | Quarter ended 31.03.2026 (Audited) (Refer note 9) | Quarter ended 31.12.2025 (Unaudited) | Quarter ended 31.03.2025 (Audited) (Refer note 9) | Year ended 31.03.2026 (Audited) | Year ended 31.03.2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Revenue from operations | 115,523.39 | 107,491.09 | 101,187.70 | 411,894.25 | 383,096.25 |
| 2 | Other income | 4,157.69 | 3,004.57 | 2,711.76 | 18,318.96 | 10,819.72 |
| 3 | Total income (1+2) | 119,681.08 | 110,495.66 | 103,899.46 | 430,213.21 | 393,915.97 |
| 4 | Expenses (a) Cost of materials consumed | 68,639.56 | 59,582.24 | 60,683.79 | 235,842.67 | 222,951.60 |
| (b) Changes in inventories of finished goods, work-in-progress | (338.74) | 1,026.66 | (1,771.48) | 1,102.26 | (686.35) | |
| (c) Employee benefits expense | 16,983.29 | 14,577.95 | 12,945.64 | 61,018.08 | 53,952.99 | |
| (d) Finance costs | 100.82 | 178.11 | 140.55 | 534.18 | 570.47 | |
| (e) Depreciation and amortisation expense | 3,394.37 | 3,291.33 | 3,199.49 | 13,179.78 | 12,425.23 | |
| (f) Other expenses | 11,243.89 | 12,394.31 | 11,818.76 | 48,430.89 | 43,770.20 | |
| Total expenses | 100,023.19 | 91,050.60 | 87,016.75 | 360,107.86 | 332,984.14 | |
| 5 | Profit before exceptional item and tax (3-4) | 19,657.89 | 19,445.06 | 16,882.71 | 70,105.35 | 60,931.83 |
| 6 | Exceptional item (refer note 8) | – | 793.51 | – | 793.51 | – |
| 7 | Profit before tax (5-6) | 19,657.89 | 18,651.55 | 16,882.71 | 69,311.84 |