ZF Commercial Vehicle Control Systems India (ZFCVINDIA) Q4 21/22 earnings summary

Executive summary

• FY2021-22 revenue from operations rose 55% to ₹312.80 crore; EBITDA increased to ₹61.60 crore and profit for the year to ₹18.27 crore. EPS was ₹20.14.

• Recovery in commercial vehicles lifted steering-gear demand, while the renewable-energy business continued to contribute revenue and profit.

Financial highlights

• Total income was ₹333.78 crore vs ₹227.84 crore YoY; revenue from operations was ₹312.80 crore vs ₹201.48 crore.

• EBITDA was ₹61.60 crore vs ₹44.64 crore; PBT was ₹29.90 crore vs ₹6.76 crore.

• Profit for the year rose to ₹18.27 crore from ₹8.85 crore; total comprehensive income was ₹18.47 crore vs ₹9.59 crore.

• Other income fell to ₹20.98 crore from ₹26.36 crore, including ₹14.34 crore of realised and unrealised investment gains.

Outlook and guidance

• Two wholly owned subsidiaries were formed in April 2022 for backward integration; further investment of ₹90 crore is planned over 1–2 years, funded through internal accruals and borrowings.

• Management cited supportive automotive policies and an industry recovery toward pre-pandemic sales, alongside inflation, supply-chain pressures and geopolitical uncertainty.