Subsidiary aluminium project cost hiked to Rs 150 cr; Q1 profit jumps
ZFSTEERING · price
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ZF Steering Gear's Q1FY27 standalone profit rose to Rs 18.52 cr from Rs 11.95 cr YoY, on revenue of Rs 137.78 cr vs Rs 130.93 cr. Consolidated profit rose to Rs 11.42 cr. Board approved raising subsidiary DriveSys's aluminium project cost from Rs 100 cr to Rs 150 cr to add anodizing, machining, assembly facilities and expand capacity. Rs 118 cr already spent.
Higher subsidiary capex of Rs 50 cr may pressure short-term returns. Standalone profit jumped 55% YoY, showing operational strength despite losses at subsidiaries.