Outcome of the Board Meeting held for: Approval of Audited Financial results of the Company for the Quarter/ Financial Year ended on March 31, 2025; and New Projects under the Subsidiaries ....
ZFSTEERING · price
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Board of ZF Steering Gear (India) on May 17, 2025 approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified opinion from statutory auditor Joshi Apte & Co. Standalone revenue from operations grew modestly to Rs 492.86 Cr (vs Rs 477.87 Cr in FY24, up ~3%), but profit after tax fell sharply to Rs 33.89 Cr (from Rs 47.72 Cr, down ~29%), mainly because other income dropped from Rs 37.78 Cr to Rs 28.21 Cr. Consolidated PAT dropped even more steeply to Rs 12.59 Cr (vs Rs 43.68 Cr) due to losses at subsidiaries shared with non-controlling interests. Q4 FY25 standalone revenue rose ~10% YoY to Rs 136.63 Cr. Separately, subsidiaries DriveSys and NexSteer will set up an aluminium extrusion, melting and machining factory, and DriveSys will enter electrical components (MCB, MCCB, RCB and contactors) as a diversification move.
Mixed for shareholders: clean audit and revenue growth are positives, but the sharp standalone and especially consolidated PAT decline and rising subsidiary losses may weigh on the stock. The new aluminium and electrical-component projects signal diversification but execution risk and additional capex will be monitored.