BackZF 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.
PremiumZF 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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