ZF Commercial Vehicle Control Systems India Limited has informed the Exchange about Transcript
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ZF Commercial Vehicle Control Systems India (formerly WABCO India) reported Q1 FY26 consolidated revenue of INR 1,042.15 crores, up 7.3% year-on-year, marking the second consecutive quarter above INR 1,000 crores. Profit after tax rose 23.23% YoY to INR 122.38 crores, with the company achieving its highest ever EBITDA margin of 23.42%. OE sales grew 7.8%, aftermarket grew 9%, while exports declined 11.6% (INR 245.5 crores) due to weak US demand, partially offset by EMEA growth. Management highlighted that ESC volumes for buses are expected to nearly double to 3,500-4,000 pieces per month from September 2025, driven by the electronic stability control regulation. Content per vehicle (currently INR 40,000-44,000) is targeted to reach about INR 1 lakh over the next 2 years, supported by AMT, ADAS, and e-mobility product pipeline. The call was the maiden investor call for new MD Paramjit Chadha, who joined on July 1, 2025.
Strong margin expansion and regulatory tailwinds (ESC mandate, upcoming ADAS) support a positive growth outlook, though US tariff-related export weakness remains a near-term watchpoint. The content-per-vehicle doubling target signals meaningful earnings leverage ahead if technology adoption scales as guided.