The Board of Directors of the Company approved the Unaudited Financial Results for the Quarter/ Half year ended September 30 , 2025
ZFSTEERING · price
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ZF Steering Gear (India) Limited announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025, approved by the Board on November 6, 2025. On a standalone basis, Q2 FY26 revenue was broadly flat to slightly higher YoY around Rs. 258 crores, but profit before tax fell sharply to about Rs. 7.03 crores from Rs. 10.46 crores in Q2 FY25, a drop of roughly 33%, as expenses grew faster than revenue. Net profit after tax dropped to Rs. 4.14 crores (from Rs. 5.90 crores), with H1 FY26 PAT at Rs. 16.09 crores versus Rs. 20.03 crores in H1 FY25, indicating clear margin compression. Consolidated results were weaker, dragged by subsidiary losses (Drivesys Systems, Nexsteer Systems, Metacast Auto), which together posted net losses of Rs. 4.91 crores in Q2 and Rs. 9.22 crores in H1 FY26. Statutory auditor Joshi Apte & Co. issued an unmodified limited review opinion, and operating cash flow remained positive at Rs. 30.37 crores (standalone) and Rs. 22.88 crores (consolidated) for the half-year.
Profitability declined sharply despite stable revenue, signalling margin pressure that may weigh negatively on the stock in the near term. The drag from subsidiary losses at the consolidated level is an additional concern for shareholders to watch.