Q3 2025 ZF Commercial Vehicle Control Systems India Ltd Earnings Call Transcript
Key Points
- The company's EBITDA operational profit improved to 23.3% in this quarter compared to 20.5% in the same quarter in the previous year.
- Aftermarket revenue saw a significant increase of 20.6% quarter-on-quarter, indicating strong performance in this segment.
- Export sales delivered robust performance with INR 290.6 crores, driven by strategic expansion into new business segments.
- The digital business income grew by 39% quarter-on-quarter, supported by additional business acquisition in connected Advanced Driver Assistance Systems (ADAS).
- The company received notable recognition, including the ZF DNA of Quality Excellence Awards, highlighting its commitment to superior quality standards.
- OE sales for the quarter declined by 15.3% compared to the corresponding period in the previous fiscal year, primarily due to a reduction in vehicle production.
- The domestic market experienced a 9.5% decline in the commercial vehicle industry on a quarter-on-quarter basis due to broader economic slowdown.
- The company's sales to state transport undertakings remained stagnant due to replacement of aging buses and slower-than-expected reduction of electric buses.
- There was a negative impact from foreign exchange losses, with INR 9.3 crores of FX losses reported in the last quarter.
- The mix of vehicle production was unfavorable, with a shift towards buses and Intermediate Commercial Vehicle (ICV) segments, resulting in lower content per vehicle.
Ladies and gentlemen, good day, and welcome to ZF Commercial Vehicle Control Systems India Limited Q3 FY25 Earnings Conference Call hosted by Batlivala and Karani Securities India Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Annamalai Jayaraj from Batlivala and Karani Securities India Private Limited. Thank you, and over to you, sir
Thanks Yusuf. Good morning, all participants. Thank you for joining us today, and welcome to ZF Commercial Vehicle Control Systems India Limited call to brief you on the quarterly earnings. Today, the third quarter earnings for FY24, 25 will be presented by the management team of ZF Commercial Vehicle Control Systems India Limited. Your host today from ZF Commercial Vehicle Control Systems India Limited are Mr. P. Kaniappan, Managing Director; Sweta Agarwal, Chief Financial Officer; and Mr. Muthulakshmi, Company Secretary. I'll now hand over the call to
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