ZF Commercial Vehicle Control Systems India Limited — Investor Meet, 20-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

ZF Commercial Vehicle Control Systems India reported strong Q1 FY26 results: Revenue at INR 1,042.15 Cr (+7.3% YoY) and PAT at INR 122.38 Cr (+23.23% YoY), achieving its highest ever EBITDA margin of 23.42%. Domestic OE sales grew, driven by increased penetration of advanced technologies and e-mobility solutions. Aftermarket business also saw a 9% growth, benefiting from new requirements for trailer braking systems. Exports declined 11.6%, primarily due to lower US demand. The company anticipates a CV industry rebound in H2 FY26, focusing on future mobility solutions like advanced driver assistance systems (ADAS) and electric vehicle components, aiming to significantly increase content per vehicle. Management expresses confidence in leveraging technology and manufacturing capabilities for sustained growth.