Automotive component manufacturer sees profit increase to Rs. 458.66 crore for FY2024-25 as Board approves financial results and announces leadership changes during May 15 meeting
15 May 2025 | 478 Views | By Sarthak Mahajan
ZF Commercial Vehicle Control Systems India Limited has reported a 13.3% increase in annual profit for the financial year ended March 31, 2025. The company's Board of Directors approved the audited financial results during their meeting held on May 15, 2025, in Chennai.
The automotive component manufacturer recorded a ...
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ZF Commercial Vehicle Control Systems India Limited has reported a 13.3% increase in annual profit for the financial year ended March 31, 2025. The company's Board of Directors approved the audited financial results during their meeting held on May 15, 2025, in Chennai.
The automotive component manufacturer recorded a profit after tax of Rs. 458.66 crore for FY2024-25, compared to Rs. 404.78 crore in the previous financial year. Revenue from operations stood at Rs. 3,804.09 crore, a slight increase from Rs. 3,783.71 crore in FY2023-24.
The Board has recommended a dividend of Rs. 19 per equity share of Rs. 5 each, subject to shareholder approval at the forthcoming Annual General Meeting (AGM). If approved, the dividend will be paid on or before September 18, 2025.
The company announced that its 21st AGM is scheduled for August 20, 2025, with August 8, 2025, set as the record date for dividend payment purposes.
In leadership changes, the Board approved the re-appointment of Mahesh Chhabria as a Non-Executive Independent Director for a second term of five years, effective May 16, 2025. Additionally, Dr. Lars Orlik will be appointed as a Non-Executive Non-Independent Director effective August 21, 2025, subject to shareholder approval.
The company also noted that Philippe Colpron, who is liable to retire by rotation at the upcoming AGM, has expressed unwillingness to seek re-appointment due to increased responsibilities as Executive Vice President - Aftermarket of the ZF Group.
For the quarter ended March 31, 2025, the company reported a standalone profit after tax of Rs. 125.19 crore, compared to Rs. 101.07 crore in the corresponding quarter of the previous year, reflecting a 23.9% increase.