ZF Commercial Vehicle Control Systems India (ZFCVINDIA) Q4 25/26 earnings summary

Executive summary

• Achieved record revenue and profit for both Q4 and FY 2025-26, driven by strong domestic demand and new product launches.

• Audited standalone and consolidated financial results for the quarter and year ended 31 March 2026 were approved, with unmodified audit opinions.

• Successfully navigated supply chain and geopolitical challenges, maintaining operational excellence.

• Continued focus on sustainability, safety, and community development through multiple ESG and CSR initiatives.

• Board recommended a final dividend of INR 4 per share for FY 2025-26, subject to AGM approval.

Financial highlights

• Q4 FY 2026 revenue reached INR 1,197 crore, up 15.2% year-over-year; PAT at INR 146.3 crore, up 15.5%.

• FY 2025-26 consolidated revenue was INR 4,118.94 crore, up from INR 3,830.96 crore year-over-year; consolidated PAT at INR 517.15 crore, up from INR 460.73 crore.

• Standalone revenue for FY 2025-26 was INR 4,055.48 crore; standalone PAT at INR 501.61 crore.

• Board approved a 5:1 bonus share issue and recommended a final dividend of INR 4 per share post-bonus.

• Earnings per share (EPS) for FY 2025-26: Standalone INR 267.13, Consolidated INR 272.65.

Outlook and guidance

• Entering FY 2026-27 with cautious optimism, expecting flattish to slight margin growth amid ongoing geopolitical risks.

• Continued focus on regulatory-driven product launches and market share expansion in safety and efficiency technologies.

• CapEx planned at INR 180-190 crore for FY 2027, mainly for new products and upgrades.

• Board continues to monitor regulatory changes, especially new Labour Codes, and will assess further financial implications as guidance evolves.