ZF Commercial Vehicle Control Systems India Reports Q1 FY27 Revenue Up 9% YoY to ₹1,066 Crore; Net Profit Stands at ₹104.5 Crore

Automotive technology supplier ZF Commercial Vehicle Control Systems India Limited (NSE: ZFCVINDIA, BSE: 520057) announced its consolidated unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27). Backed by healthy demand in the commercial vehicle market and expansion across its product and service streams, the company posted a 9.29% year-on-year (YoY) increase in operational revenue, while net profit stood at ₹104.48 crore for the quarter.

Executive Financial Highlights

Revenue from Operations: Grew 9.29% YoY to ₹1,066.18 crore (₹1,06,617.65 lakh) in Q1 FY27, up from ₹975.56 crore (₹97,555.50 lakh) in Q1 FY26. Sequentially, revenue reflected standard seasonal trends compared to ₹1,155.23 crore in Q4 FY26.

Total Income: Stood at ₹1,101.80 crore (₹1,10,180.29 lakh) for the quarter, supported by an other income contribution of ₹35.63 crore.

Profit Before Tax (PBT): Reported at ₹140.05 crore (₹14,005.17 lakh) in Q1 FY27, compared to ₹164.15 crore in Q1 FY26 and ₹196.58 crore in Q4 FY26.

Profit After Tax (PAT): Came in at ₹104.48 crore (₹10,447.81 lakh) for the quarter ended June 30, 2026, compared to ₹122.38 crore in Q1 FY26 and ₹146.32 crore in Q4 FY26.

Total Comprehensive Income: Reported at ₹104.31 crore (₹10,430.74 lakh) after factoring in remeasurement losses on defined benefit liabilities.

Earnings Per Share (EPS): Basic and diluted EPS stood at ₹9.18 per share (face value ₹5/- each) for the quarter, compared to ₹10.75 in Q1 FY26 and ₹12.86 in Q4 FY26.

Revenue Breakdown by Revenue Stream

The company operates in a single primary business segment-automotive components and allied services. Revenue from operations comprised the following key streams:

Sale of Products: Generated ₹931.49 crore (₹93,148.94 lakh), contributing 87.37% of total operational revenue, up 10.09% YoY from ₹846.13 crore in Q1 FY26.

Rendering of Services: Contributed ₹127.72 crore (₹12,772.41 lakh), up 3.71% YoY from ₹123.16 crore in Q1 FY26.

Other Operating Revenue: Stood at ₹6.96 crore (₹696.30 lakh), compared to ₹6.26 crore in the corresponding quarter of the previous year.

Operating Cost Structure

Total consolidated expenditure for Q1 FY27 was ₹961.75 crore (₹96,175.12 lakh), compared to ₹878.00 crore in Q1 FY26. The key expense drivers included:

Cost of Materials Consumed: Stood at ₹638.08 crore (₹63,807.56 lakh), compared to ₹556.06 crore in Q1 FY26, in line with increased product manufacturing.

Employee Benefits Expense: Reached ₹170.20 crore (₹17,020.47 lakh), up 13.24% YoY from ₹150.30 crore in Q1 FY26.

Other Expenses: Totaled ₹124.87 crore (₹12,486.98 lakh), compared to ₹128.82 crore in Q1 FY26.

Depreciation & Amortization: Reported at ₹32.28 crore (₹3,227.69 lakh).

Finance Costs: Remained well-controlled at ₹1.20 crore (₹120.05 lakh).

Inventory Adjustments: Reflected a build-up credit of ₹4.88 crore (₹487.63 lakh) across finished goods and work-in-progress.

Tax Provision & Segment Asset Position

Total tax expense for the quarter came in at ₹35.57 crore (₹3,557.36 lakh), comprising a current tax provision of ₹36.94 crore (₹3,694.31 lakh) and a deferred tax credit of ₹1.37 crore (₹136.95 lakh).

As of June 30, 2026, ZF Commercial Vehicle Control Systems India reported total segment assets of ₹4,506.52 crore (₹4,50,651.66 lakh) against total segment liabilities of ₹711.57 crore (₹71,157.36 lakh). Paid-up equity share capital stood at ₹56.90 crore (₹5,690.28 lakh), with other equity standing at ₹3,681.10 crore as per the latest audited balance sheet.

Shares of ZF Commercial Vehicle Control Systems India Limited was last trading in BSE at Rs. 2366.85 as compared to the previous close of Rs. 2365.55. The total number of shares traded during the day was 9370 in over 896 trades.

The stock hit an intraday high of Rs. 2430.00 and intraday low of 2329.00. The net turnover during the day was Rs. 22336677.00.

Source : Equity Bulls

Keywords

ZFCommercialVehicleControlSystemsIndia INE342J01019 Q1FY27 Q1FY2027 ResultUpdate