New Projects under the Subsidiaries of the Company.
ZFSTEERING · price
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ZF Steering Gear (India) Ltd announced audited FY25 results alongside approvals for new projects through its subsidiaries. Standalone revenue grew modestly to Rs 492.86 Cr from Rs 477.87 Cr (+3.1%), but standalone profit after tax fell sharply to Rs 33.89 Cr from Rs 47.72 Cr (-29%). On a consolidated basis, PAT dropped steeply to Rs 12.59 Cr from Rs 43.68 Cr, weighed down by losses at subsidiary level. The Board also approved two new projects at subsidiaries DriveSys and NexSteer — an aluminium extrusion factory (melting, extrusion, machining, fabrication) and a new unit to manufacture electrical components such as MCBs, RCCBs, and contactors. Statutory auditors Joshi Apte & Co. issued an unmodified opinion on both standalone and consolidated results.
Mixed near-term picture: top-line is steady but profitability has compressed meaningfully, especially at the consolidated level where subsidiary costs and higher depreciation/finance charges are weighing on earnings. The diversification into aluminium extrusion and electrical components opens new revenue streams, but near-term margins may stay under pressure as these projects ramp up.