ZF Commercial Vehicle Control Systems India Limited reported a modest decline in net profit for the quarter ended September 2025, even as the company registered higher revenues during the period. The commercial vehicle components manufacturer posted a consolidated net profit of Rs 108.28 crore for Q2 FY2026, down 0.77% from Rs 109.12 crore recorded in the corresponding quarter of the previous year.
The company's consolidated revenue from operations stood at Rs 913.24 crore for the quarter ended September 30, 2025, marking a marginal increase of 0.26% compared to Rs 910.91 crore in the same quarter last year. The slight growth in topline revenues suggests a relatively stable demand environment for the company's automotive components and allied services.
Strong First-Half Performance
On a half-yearly basis, ZF Commercial Vehicle demonstrated stronger momentum. For the six-month period ending September 2025, the company's consolidated net profit reached Rs 230.65 crore, up 10.6% from Rs 208.55 crore in the corresponding period of FY2025. Revenue for the first half grew to Rs 1,888.80 crore from Rs 1,856.67 crore, representing a year-on-year increase of 1.73%.
The company's earnings per share (EPS) on a consolidated basis for the September quarter stood at Rs 57.08, compared to Rs 57.53 in the year-ago quarter. For the half-year period, EPS improved to Rs 121.60 from Rs 109.95, reflecting the stronger profit growth over the six-month period.
Operational Highlights
The company's total expenses for the quarter amounted to Rs 812.34 crore, up from Rs 803.73 crore in the previous year's corresponding quarter. Cost of materials consumed increased to Rs 520.15 crore from Rs 530.75 crore, while employee benefits expenses rose to Rs 144.26 crore from Rs 133.10 crore, reflecting higher personnel costs.
Other income for the quarter stood at Rs 44.97 crore, up from Rs 39.26 crore in the year-ago period, providing additional support to the bottom line. The company's depreciation and amortization expense increased marginally to Rs 32.24 crore from Rs 31.44 crore in the corresponding quarter last year.
ZF Commercial Vehicle Control Systems India Limited, operates in the automotive components segment, specializing in commercial vehicle control systems.