ZFCVINDIA ZF Commercial Vehicle Control Systems India Q3 FY26 results (Oct–Dec 2025) and concall
ZF Commercial reported a strong Q3 FY26, with revenues crossing INR 1,100 crores for the first time in a single quarter, driven by robust market outperformance and margin expansion. The company saw significant growth in aftermarket sales and strategic product areas like EV bus components, despite a decline in exports to the US. Regulatory tailwinds for advanced safety systems and low-floor buses are expected to drive future demand, though competitive pricing in ADAS remains a watch area.
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What they filed
Q3 FY26: revenue up 11.7%, net profit up 12.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 911 | 962 | 1,012 | 976 | 913 +0% | 1,075 +12% |
| EBITDA | 140 | 177 | 175 | 132 | 134 −4% | 199 +12% |
| Net profit | 109 | 125 | 127 | 122 | 108 −1% | 140 +12% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
