ZF Steering Gear India Ltd. Announces Quarterly Financial Results and Revisions Project Cost for Aluminium Subsidiary
ZF Steering Gear (India) Limited has released its unaudited financial results for the quarter ended June 30, 2026. In addition to the quarterly performance details, the company also announced a significant upward revision in the project cost for the aluminium initiative of its wholly owned subsidiary, DriveSys Systems Private Limited.The board meeting, held on July 24, 2026, considered and approved the financial results along with other operational updates, including the revised project expenditure plan.
Financial Performance Highlights (Standalone)
The company's standalone performance for the quarter ended June 30, 2026, saw Total Revenue stand at 156.62 units (units unspecified). The net profit after tax stood at 18.52 units.A summary of the unaudited standalone financial results for ZF Steering Gear (India) Limited is presented in the table below:
| Metric | Quarter Ended 30-Jun-26 | Quarter Ended 31-Mar-26 | Quarter Ended 30-Jun-25 | Year Ended 31-Mar-26 |
|---|---|---|---|---|
| Revenue from Operations | 137.78 | 168.84 | 130.93 | 556.71 |
| Other Income | 18.84 | 5.80 | 7.51 | 2.11 |
| Total Revenue | 156.62 | 174.19 | 138.47 | 577.88 |
| Operating Expenses | 95.56 | 101.88 | 87.40 | 363.19 |
| Profit before Tax (PBT) | 24.10 | 12.70 | 16.67 | 53.23 |
| Net Profit after Tax | 18.52 | -1.19 | 11.95 | 31.71 |
Revision of Project Cost for Aluminium Initiative
ZF Steering Gear (India) Limited also confirmed a revision in the project cost for its aluminium project, managed by DriveSys Systems Private Limited, which is a wholly owned subsidiary of the company. The project cost was revised upward from Rs. 100 crore to Rs. 150 crore.The increase in project cost accounts for several strategic enhancements planned for the facility. These include:
- Enhanced Value Addition: The addition of specialized equipment designed to enhance value addition in aluminium extrusion products. This encompasses facilities for anodizing, machining, cutting, punching, assembly, and other downstream processing activities, transforming the unit into an Integrated Aluminium Value Chain Unit.
- Capacity Expansion: The revision also factors in the planned expansion of the project's capacity, which includes securing additional land adjacent to the current site and subsequent investment in necessary plant, machinery, and capital expenditure for the expanded scope.
The holding company, ZF Steering Gear (India) Limited, has granted consent for this revised project cost structure at the subsidiary level.
ZFSTEERING Stock Price Movement
Edging up sharply at 12:36 PM, shares of ZF Steering Gear (India) Limited are trading at ₹700 after gaining 5.11% in live market activity. The stock maintains strong momentum amidst a volume of 12,315 shares transacted so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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