Audited Financial Statements for the Quarter/ Financial Year ended on March 31, 2025
ZFSTEERING · price
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ZF Steering Gear (India) Limited reported audited FY25 results with the statutory auditor Joshi Apte & Co. issuing an unmodified (clean) opinion. Standalone revenue from operations rose modestly to Rs 492.86 Cr from Rs 477.87 Cr (about 3% growth), but standalone net profit fell around 29% to Rs 33.89 Cr from Rs 47.72 Cr, with EPS at Rs 37.35 vs Rs 52.59. On a consolidated basis, net profit attributable to shareholders dropped sharply to Rs 14.92 Cr from Rs 43.69 Cr, hurt by higher finance costs (Rs 6.56 Cr vs Rs 1.01 Cr), higher depreciation and the ramp-up drag from subsidiaries DriveSys, NexSteer and Metacast Auto. The board also cleared new diversification projects under subsidiaries - an aluminium extrusion facility and an electrical components plant (MCB/MCCB, RCB, MOC).
The sharp drop in consolidated profit, driven by rising interest and depreciation costs from subsidiary expansion, is likely to weigh on the stock in the near term even though the audit report is clean. The new aluminium and electrical components ventures signal long-term growth ambitions but raise capital allocation and execution risks for shareholders to watch.