ZF Commercial Vehicle Control System India Ltd's Q3FY25 Quarter Results
- 07 Feb 2025
Result Summary
- ZF Commercial Vehicle Control System India Ltd reported a 3.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 5.5%.
- Its expenses for the quarter were up by 1.8% QoQ and 3.3% YoY.
- The net profit increased 15.0% QoQ and increased 24.4% YoY.
- The earnings per share (EPS) of ZF Commercial Vehicle Control System India Ltd stood at 66.2 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 978.93 | 950.18 | 927.96 | 3.0% | 5.5% |
Total Expenses | 818.41 | 803.73 | 792.54 | 1.8% | 3.3% |
Profit Before Tax | 160.52 | 146.45 | 135.42 | 9.6% | 18.5% |
Tax | 35.06 | 37.32 | 34.58 | -6.1% | 1.4% |
Profit After Tax | 125.46 | 109.12 | 100.84 | 15.0% | 24.4% |
Earnings Per Share | 66.20 | 57.50 | 53.20 | 15.1% | 24.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
ZF Commercial Vehicle Control System India Ltd operates in the automotive industry, specializing in the manufacturing and supply of commercial vehicle control systems. The company's main products include braking systems, steering systems, and other related safety and vehicle dynamics solutions. As an integral part of the commercial vehicle supply chain, the company is involved in providing cutting-edge technology solutions aimed at enhancing vehicle safety and efficiency. Based on the data available up to October 2023, no specific recent developments or changes in the company's operations have been detailed.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), ZF Commercial Vehicle Control System India Ltd reported a total income of ₹978.93 crores. This represents a quarter-over-quarter (QoQ) increase of 3.0% from ₹950.18 crores in Q2FY25. Furthermore, on a year-over-year (YoY) basis, there was a rise of 5.5% from ₹927.96 crores in Q3FY24. The increase in revenue over both quarters and years suggests a consistent upward trajectory in the company's income generation, reflecting the company's ongoing ability to maintain or expand its market presence.
Profitability
The company's profitability has shown significant improvements in Q3FY25. The Profit Before Tax (PBT) for this quarter stood at ₹160.52 crores, marking a 9.6% QoQ increase from ₹146.45 crores in Q2FY25 and an 18.5% YoY increase from ₹135.42 crores in Q3FY24. After accounting for taxes, the Profit After Tax (PAT) was ₹125.46 crores, which denotes a 15.0% QoQ growth from ₹109.12 crores and a 24.4% YoY growth from ₹100.84 crores. The Earnings Per Share (EPS) followed a similar trend, increasing to ₹66.20 in Q3FY25 from ₹57.50 in Q2FY25, representing a 15.1% QoQ rise. Compared to Q3FY24, where the EPS was ₹53.20, there was a 24.4% YoY increase. The improvement in profitability metrics underscores the company's enhanced operational efficiency and effective cost management.
Operating Metrics
Total expenses for ZF Commercial Vehicle Control System India Ltd in Q3FY25 were ₹818.41 crores, reflecting a 1.8% QoQ increase from ₹803.73 crores in Q2FY25 and a 3.3% YoY increase from ₹792.54 crores in Q3FY24. The tax expense for Q3FY25 was ₹35.06 crores, which saw a decrease of 6.1% QoQ from ₹37.32 crores in Q2FY25, while marginally increasing by 1.4% YoY from ₹34.58 crores in Q3FY24. The ratio of total income to total expenses indicates a continued ability to manage expenses relative to income growth, which is crucial for sustaining profitability. The reduction in tax expenses QoQ, despite overall income growth, may have contributed to the enhanced after-tax profitability for the quarter.
