ZF Commercial Vehicle Q4 results: Net profit climbs 78% YoY to ₹102 Cr, Board declares ₹13 per share dividend

  • ZF Commercial Vehicle Control Systems India is a large cap consumer discretionary company that recorded a market cap of 20,115.03 Cr during Thursday's closing session.

Livemint
Published25 May 2023, 09:13 PM IST
Among the Sensex stocks, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tech Mahindra, and ICICI Bank ended between 4% and 5.5%
Among the Sensex stocks, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tech Mahindra, and ICICI Bank ended between 4% and 5.5%

ZF Commercial Vehicle Control Systems India is a large cap consumer discretionary company that recorded a market cap of 20,115.03 Cr during Thursday's closing session. The company is a sustainable solution for commercial vehicles in logistics and public transport. The firm issued a dividend of Rs. 13 for its eligible shareholders together with the announcement of its Q4 and FY23 earnings. 

“The Board of Directors of the Company at its meeting held today have recommended a dividend of Rs.13/- per equity share of Re.5/- each for the financial year ended March 31, 2023 to the shareholders for approval. The said dividend, if approved at the forthcoming Annual General Meeting (‘AGM’), shall be paid on or before August 25, 2023. For the payment of dividend, the Record date is July 7th 2023,” said ZF Commercial Vehicle Control Systems India in a stock exchange filing.

During Q4FY23, its net income stood at 994.97 Cr up by 25.77% YoY from 791.12 Cr in Q4FY22. The net profit of ZF Commercial Vehicle Control Systems India reached 101.20 Cr during the quarter ended March 2023 up by 78.80% YoY from 56.60 Cr during the quarter ended March 2022. During the quarter under review, its EPS reached 53.36 up by 78.82% YoY from 29.84 in the year-ago quarter.

The firm recorded a total income of Rs. 3511.22 crores for the fiscal year that ended on March 31, 2023, up from Rs. 2580.88 crores for the fiscal year that ended on March 31, 2022, a 36.05% YoY growth. Its net profit jumped by 123.60% YoY from 142.07 Cr in 12MFY22 to 317.67 Cr in 12MFY23. 

The shares of ZF Commercial Vehicle Control Systems India closed today on the BSE at 10604.95 apiece up by 0.74% from the previous close of 10526.80. 

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News in Numbers

Numbers that help you understand news better
₹68,885 Cr

3.15L

48%

₹6.7 T

$240.5 M

$459 M

$3 B

₹588.25 Cr

₹20,000 Cr

7.93 Cr

₹8,943 Cr

10%

20 Yrs

First Published:25 May 2023, 09:13 PM IST
HomeMarketsStock MarketsZF Commercial Vehicle Q4 results: Net profit climbs 78% YoY to ₹102 Cr, Board declares ₹13 per share dividend

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