BSEBoard Meeting3 Nov 2026 · 3 Nov 2026, 12:51 pm
The Board of Directors of ZF Steering Gear (India) Limited, inter alia, transacted following business at its meeting held today i.e. November 3, 2026: considered and approved the Unaudited Standalone and Consolidated Financial Results under Regulation 33 of the Listing Regulations, for the Quarter and Half year ended on September 30, 2026.
ZF Steering Gear India Ltd-$ · 505163
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ZF Steering Gear India Ltd has announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, with a net profit after tax of Rs. 35.40 crore and earnings per share of Rs. 39.02.
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Earnings Impact6/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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ZF Steering Gear India Ltd-$ - 505163 - Board Meeting Outcome for Board Meeting Outcome For The Board Meeting Held On November 3, 2026
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ZF STEERING GEAR (INDIA) LTD. I i i I l l
Regd. Office & Works: "
Gat Nos. 1242 & 1244, Village Vadu BK, Tai. Shirur,
Dist PI.Jne -412 216 (India) Tel.: 02137-305100,
Web: www.zfindia.com, Email Id: enquiry@zfindiacom
Corporate identity Number (ON) : l29130PN1981PLC023734
November 3, 2026
BSE Limited
25th Floor, P. J. Towers,
Dalal Street, Fort,
Mumbai- 400 001
Sub: Intimation of Outcome of the Board Meeting under Regulation 30 and 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing
Regulations).
- Unaudited Standalone and Consolidated Financial Results for the Quarter and Half year
ended on September 30, 2026.
Ref: BSE Scrip Code 505163
Dear Sir/ Madam,
Pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (Listing Regulations), we wish to inform you that the Board of
Directors of ZF Steering Gear (India) Limited (the Company), at its meeting held today, November
3, 2026, has, inter alia, considered and approved the following:
Financial Results:
1. The Unaudited Standalone and Consolidated Financial Results of the Company for the quarter
and half year ended on September 30, 2026, prepared in accordance with Regulation 33 of the
Listing Regulations.
2. The Limited Review Reports issued by the Statutory Auditors of the Company, on the aforesaid
financial results.
The said financial results, along with the Limited Review Reports, are enclosed herewith as Annexure
–A and are also available on the Company’s website at www.zfindia.com.
Head Office: - Pnde Parmar Galaxy, 3rd Floor, C+E Wing, CTS No. ·10+10A, Connaught Road, Sadhu vaswanl ChOWI<, PUM 411001
ZF STEERING GEAR (INDIA) LTD. I i i I l l
Regd. Office & Works: "
Gat Nos. 1242 & 1244, Village Vadu BK, Tai. Shirur,
Dist PI.Jne -412 216 (India) Tel.: 02137-305100,
Web: www.zfindia.com, Email Id: enquiry@zfindiacom
Corporate identity Number (ON) : l29130PN1981PLC023734
Time of Commencement of the Board Meeting: 11:15 a.m.
Time of Conclusion of the Board Meeting: 12:35 p.m.
You are requested to take the aforesaid disclosure and the Annexure on your
record.
Thank you
Yours faithfully
for ZF Steering Gear (India) Ltd
Satish Mehta
Company Secretary & Compliance Officer
Membership No. F3219
Head Office: - Pnde Parmar Galaxy, 3rd Floor, C+E Wing, CTS No. ·10+10A, Connaught Road, Sadhu vaswanl ChOWI<, PUM 411001
Annexure - A
ZF STEERING GEAR (INDIA) LIMITED
CIN: l.291301'Nl9811'1.C023734
Registered Office: 1242/-1-1 Villa!;;" Vacllt B11dr11k. Tai. Shirur. District 1'1111e. Maharas1ra. ludia. 412216 Td: 02137-305100.
Elllail: c11q11iry1~1•'lfi11dia.co111
STATEMENT OF UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER, 2026.
(Rs. In Crnrrs)
Quartei-Ended Half Year Ended Year Ended
Sr No PARTICULAR 30-Sep-26 30-Jun-26 30-Sep-25 30-Sep-26 30-Sep-25 31-Mar-26
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
I lncc,nH'
a I Revenue frolll operation 175.47 137.78 116.-11 313.25 247.3-1 55(1.7-1
b) Ulher I 11c11111c 8.78 18.84 3.38 27.62 10.92 21.1-1
Total l11ru1ne 184.25 156.62 I IIJ.7'> 340.87 251U6 577.XX
2 Expenses
a) Cost or lll.tlcrials c11ns111ned 116.89 95.56 79.-17 212.45 16737 368.1l /
b I Chang,,s in i11w111ories ni' finisheu guou anu work-in-progress 1.32 (551) 13 78) (4 19) [6.14) I.l•J
c) 1--:rnplo) cc bend it cxpcnSl:!S 18.71 18.43 17.14 37.14 35.23 70.88
d I Finanec cost 0.92 0.85 0.61 1.77 144 3.3(1
c) Depreciation and alllortization expenses 6.14 6.03 701 12.17 13.62 29.37
I) Other ewenscs 17.50 17.16 12.31 34.66 23 04 51.6(1
Total Expenses J 61.48 132.52 112.76 294.00 23-1.56 52-1.(,5
3 Total l'rolil before cxnplional items ( 1-2) 22.77 2-1.10 7.03 46.87 23.70 53.23
-I Exc1·ptional Items
- - -
S1a1111ory impact or new Lahour Codes - 0.67
Total exce111ional items - - - - - o.,,7
5 l'rnlil Before tax (3--1) 22.77 2-1.10 7.03 46.87 23.70 52.5(,
(, Tax expense
a) Current tax 6.57 6.71 3.57 [3.28 8 01) 20.9 I
b) lkkrreu tax (0.68) ( 113) 10 <ill) (1.81) (039) (0 131
Total lax expense 5.89 5.58 2.81) ll.47 7.61 211.78
7 Net Profit after tax (:'Hi) 16.88 18.52 -U-t 35.40 16.01) 31.78
8 Other 1·0111prehensivc inrume
i) I terns that \\'ill 11t11 be rcdassil"ied IIJ profit or loss
a I Re111casurrn1ents of the dei'ined benefit plans 0.13 0.04 028 0.17 0 31 0.14
b) lni.:omc lax rdatin!.! lo above items (0.03) (001) (0 10) (004) (()11) (00-1)
Total Other comprehensive income/(Lossl O.lO 0.03 11.18 0.13 0.20 (1.10
9 Total CClllllll"ehcnsive income (7+11) 16.98 111.55 4.32 35.53 I <,.2'> 31.811
10 Paid up Capital (Face Value: l{s 10 per share) 9.07 9 07 9 07 9.07 9.07 l) 07
- - - -
II Reserve excluding rcvaluatilrn reserve - 512.67
12 Earnings per share (of Its.I 0/-eachl
Hasi" 18.61 20.-11 -1.5(, 39.02 17.73 35.03
Diluted 18.61 20.-11 - -1.56 39.02 17.73 35.03
*Hasic and Diluted FPS for all Dcriods t:xeept year cndcd 31 March 2026 arc not annualised.
c, GEAfi>
c::··",
~g~ For and on behalf of the Hoard of Oireeto1·s
l lli "?i'"'' , •••
PUNE ; I
. V'"dl. ::/~ * ·<::>" " \
I - I~ ~ lunot
Dall': 03 November, 2026 Managin g Din·ctor
PlaCl': 1'1111e _{_ IHN -0004'>903
EeJ.£~iD
ZF STEERING GEAR (INDIA) LIMITED
CIN: 1.2'J I 301'Nl9811'LC023734
Registerc:d Office: 1242/44, Village Vadu Budrnk Tai Shirur, Dist Punc-412 216.
Td: 02137-305100. Email: cnquirv1a.1·1.lindia.cn111
STATEMENT OF lJNAlJDITED STANDALONE SEGMENT REPORTING
(l{s. in (."rorcs)
Quarter Ended Half Year Ended Yea,· Ended
Sr. No. PARTICULARS 30-Sen-26 30-Jun-26 30-Scn-25 30-Scn-26 30-Sen-25 31-Mar-26
Unaudited Unaudited Unaudited Unaudited Unaudited Audited
I Sco., menl l{cvenuc
a) /\utu Cu111poncnts 174.56 140.60 115.54 315.16 2➔5 17 557.-19
b) Rem:m1bk Fncrgy 4.44 -1.07 4. (() 8.51 7.97 13.16
c) Unallocable 8.63 14.49 3.12 23.12 10.60 15.38
Tulal 187.63 159.1(1 122.76 346.79 263.7-1
Less -l11tcr-st..:uinc111 rcvt11uc 3.38 2.54 2.97 5.92 5.48 8.15
Total Income l84.25 156.62 119.79 340.87 258.26 -8.15
2 Segment l{esuhs
Prolit/ 11.oss) bclt>re tax and linan,:c rnsls li-0111 each
scg.m1..:n1
a) i\ulo Components 16.32 I 3.38 J. 76 29.70 10.99 36.61
b I Renewable I' nergy 3.40 2.99 3 !JI 6.39 5.80 8.81
cJ Unallocable 3.97 8.58 0.87 12.55 8.35 10.50
Tolal 23.69 2-1.95 7.6-1 48.64 25.1-1 55.92
l.ess -Finance Costs 0.92 0.85 0 (, I L.77 1.44 3.36
Total l'rnlil hefor·e tax 22.77 2-1.10 7.03 46.87 23.70 52.56
J Capital Employed
a) Auto Components 293.05 283.-1-1 2-14.78 293.05 24-1.78 276.46
h I Rcne\\·abk Lnc:rgy 76.47 73 07 (, 7.-l'J 76.47 67.49 70.08
c) Unallocable assets kss liabilities 187.75 183.78 193.83 187.75 193.83 175.20
Total Ca11i1al emuloved in the Comnany 557.27 5-10.29 506.10 557 27 506.10 521.7-1
C':> GE.-<11y For and on behalf of the Board of Dir·ector·s
(i'"""l
j ~ PUNE ~ )
Y"'c.P , .I~*·<:>" " \ _..µrr. ,rsillunot
Date: 03 November, 202(, - ~ ffina~ n'g Di rector
Place: Punc l)IN -000-W)OJ
ZF STEERING GEAR (INDIA) LIMITED
STANDALONE BALANCE SHEET
.\SAT 30 SEPTD-IBER 2026 (Rs. In Crores)
As at As at
30 September 2026 31 March 2026
Unaudited Audited
ASSETS
Non-current assets
Property. Plant and Equipment 99.05 I 08.75
Right of use asset 7.76 8.49
Capital ,.vork-in-progre,s 0.95 1.64
Investment Property 0.66 0.68
Other Intangible assets 0.52 0.61
Financial assets
( i) I nvt:sllnents 150.18 1.rn.41
(ii) Loans 226.38 187.79
(iii) Other non-currt:nt financial assets 1.15 0.92
Other non-current assets 1.72 2.71
Income Tax Assets (N<:t) - 2.47
D<::ferreci Ta, Assets (Net) 0.54 -
Total non-current assets 488.91 -l62.47
Current assets
Inventories 62.74 58.58
Financial assc:ts
( i) Tracie receivables 136.34 96.18
lii) Cash and cash equivalents 8.64 4 05
( iii) Bank Balances other than Cash and cash equivaknts 0.10 0.11
( iv) Loans 0.04 0.08
(v) Others 7.71 4.37
Other current assets 6.95 5.56
Total current assets 222.52 168.93
TOTAL ASSETS 711.43 63IA0
EQuITY AND LIABILITIES
EQUTY
Equity share capital 9.07 9.07
Other equitv 548.20 512.67
Total Equity 557.27 521.7-l
LIABILITIES
Non-current lia
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