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ZF Steering Reports Q1 Fy27 PAT Rises 55% To Rs 12.37 Crore; Raises Aluminium Project Cost To Rs 150 Crore

ZF Steering Gear (India) Share priceAutomobile & Ancillary Sector StocksSmall Cap
ZF Steering Reports Q1 Fy27 PAT Rises 55% To Rs 12.37 Crore; Raises Aluminium Project Cost To Rs 150 Crore
Published on July 24, 2026|Author: Team Choice

ZF Steering Gear (India) Limited announced its Q1 FY27 financial results and approved an increase in the estimated cost of the aluminium project being developed by its wholly owned subsidiary, DriveSys Systems Private Limited.

What Happened and Why It Matters

The company reported consolidated total income of Rs 157.85 crore in Q1 FY27, compared with Rs 138.33 crore in the corresponding quarter last year.

Consolidated net profit attributable to shareholders increased to Rs 12.37 crore from Rs 7.97 crore, while basic and diluted earnings per share (EPS) improved to Rs 13.63 from Rs 8.78.

On a standalone basis, total income rose to Rs 156.62 crore from Rs 138.47 crore, while net profit increased to Rs 18.52 crore from Rs 11.95 crore in Q1 FY26.

Alongside the quarterly results, the Board approved an increase in the aluminium project cost to Rs 150 crore, up from the earlier estimate of Rs 100 crore. The additional investment will support downstream processing facilities, capacity expansion, and the acquisition of adjacent land. The company stated that approximately Rs 118 crore has already been invested in the project.

Business Impact and Strategic Relevance

  • Improved Financial Performance: Consolidated total income increased to Rs 157.85 crore, while net profit rose to Rs 12.37 crore during Q1 FY27.
  • Higher Project Investment: The aluminium project cost has been revised to Rs 150 crore to support additional processing capabilities and future manufacturing expansion.
  • Manufacturing Expansion: The project will include facilities for anodising, machining, cutting, punching, assembly, and other downstream aluminium processing activities.
  • Long-Term Growth: The integrated aluminium value chain is expected to diversify revenue streams and strengthen the company's presence in sectors including renewable energy, construction, automobiles, railways, and furniture.

What to Watch Next

Investors will monitor the progress of the aluminium project, utilisation of the additional investment, and the contribution of the expanded manufacturing capacity to long-term growth. Future quarterly earnings and the execution timeline of the project will also remain key focus areas.

About ZF Steering Gear (India) Limited

ZF Steering Gear (India) Limited manufactures steering systems and automotive components for passenger and commercial vehicles. The company is also expanding its capabilities through strategic investments in advanced manufacturing projects aimed at supporting long-term growth.

Source

Disclaimer

Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations

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