ZF Commercial Vehicle Control Systems India Ltd (BOM:533023)

Q3 2026 ZF Commercial Vehicle Control Systems India Ltd Earnings Call Transcript

Feb 12, 2026 / 09:00 AM GMT

Release Date Price: ₹2637.27 (-0.80%)

Transcript

Key Points

Positve

ZF Commercial Vehicle Control Systems India Ltd (BOM:533023) reported a 12.8% year-on-year increase in total revenues for Q3 FY26, reaching 1,105 crores.
The company achieved an EBITDA margin of 20% on total sales, indicating strong operational performance.
The aftermarket sales grew by 19.2% over the same quarter in the previous financial year, driven by broad-based momentum across key segments.
The company outperformed the market by 7.5% in sales growth, supported by high EV bus production and increased market share.
ZF Commercial Vehicle Control Systems India Ltd (BOM:533023) is advancing strategic initiatives to strengthen competitiveness and deliver long-term value, including localization efforts and expanding product portfolios.

Negative

Export performance declined by 10.9% compared to the same period last year, primarily due to volume reduction from the US market.
The trailer segment experienced a production dip due to factors like fleet underutilization and export declines.
There is increased competition in the ESC and ADAS systems market, with other players offering products at lower prices.
The company faces challenges in maintaining its pricing advantage due to competitive pressures in the market.
The impact of US tariffs and geopolitical uncertainties continue to create headwinds for export growth.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ZFCV.NS - ZF Commercial Vehicle Control Systems India Ltd
Q3 2026 ZF Commercial Vehicle Control Systems India Ltd Earnings Call
Feb 12, 2026 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to ZF Commercial Vehicle Control Systems India Limited Q3 FY26 post-results earning conference call hosted by Bhatiwala and Karani Securities India Private Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing and 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Annamalai Jayaraj.

Thank you and over to you.

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