ZF Commercial Vehicle Control Systems India reported an 18% year-on-year increase in consolidated profit after tax (PAT) to Rs 127.8 crore for the second quarter of FY27, compared with Rs 108.3 crore in the corresponding period last year.
Consolidated revenue from operations increased 54.8% to Rs 1,414.1 crore, up from Rs 913.2 crore in Q2 FY26. Total income, including other income, stood at Rs 1,452.3 crore.
However, the increase in revenue was accompanied by higher expenditure. Total expenses rose 32.8% year on year to Rs 1,081.3 crore, compared with Rs 812.3 crore in Q2 FY26. The increase was primarily reflected in the cost of materials consumed, which rose to Rs 734.9 crore from Rs 520.2 crore, alongside higher employee benefit and other operating expenses.
Consequently, profit before tax increased 17.2% to Rs 171 crore, against Rs 145.9 crore in the year-ago quarter. The growth in PAT was therefore considerably lower than the increase in revenue, reflecting the impact of the higher cost base.
First-half revenue increases, but profit remains largely flat
For the six months ended September 30, 2026, consolidated revenue from operations increased 20.8% to Rs 2,281.3 crore, compared with Rs 1,888.8 crore in the corresponding period last year.
However, PAT increased by just 1.6% to Rs 234.2 crore from Rs 230.7 crore. Total expenses rose 20.9% to Rs 2,043 crore, broadly in line with revenue growth, limiting the improvement in profitability.
Profit before tax for the first half stood at Rs 311.1 crore, marginally higher than Rs 310 crore in the corresponding period last year.
The company's standalone results followed a similar trend. Revenue from operations increased to Rs 1,190.5 crore in Q2 FY27 from Rs 901.8 crore a year earlier, while PAT rose to Rs 123.9 crore from Rs 106.5 crore.
For the first half, standalone revenue increased to Rs 2,034.3 crore from Rs 1,863 crore, while PAT declined marginally to Rs 223 crore from Rs 226.6 crore.