ZF Commercial Vehicle Control Systems India Limited (ZF CVCS India) has reported a slight dip in its financial performance for the second quarter of fiscal year 2026, as per the company's latest financial results.

Financial Highlights

The company's revenue for Q2 FY26 stood at 9.02 billion rupees, marginally lower than the 9.06 billion rupees recorded in the same quarter of the previous fiscal year. Net profit saw a slight decrease to 1.06 billion rupees, down from 1.09 billion rupees year-over-year.

EBITDA and Margin Compression

ZF CVCS India's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) dropped to 1.32 billion rupees from 1.39 billion rupees in the corresponding quarter of the previous year. This decline in EBITDA resulted in a compression of the EBITDA margin, which fell to 14.65% from 15.38% year-over-year.

Half-Yearly Performance

For the first half of FY26, the company reported:

Despite the quarterly dip, the half-yearly figures show a slight improvement in both revenue and net profit compared to the same period in the previous fiscal year.

Management Changes

The company has announced changes in its board composition:

• Dr. Christian Brenneke has resigned as Non-Executive Non-Independent Director, effective from November 4, 2025.
• Mr. Ivan Brajdic has been appointed as an Additional Director (Non-Executive & Non-Independent), effective from November 5, 2025.

ZF CVCS India continues to navigate the challenging automotive components market, maintaining a stable financial position despite the slight decline in quarterly performance. The company's focus remains on adapting to market conditions and maintaining its position in the automotive components and allied services sector.

ZF Commercial Vehicle Control Systems India Limited , a prominent player in the commercial vehicle industry, has announced a significant change in its leadership team. K. Venugopal, who held the position of Strategy and Market Intelligence Leader, has submitted his resignation, citing personal reasons related to his parents' health.

Resignation Details

The company disclosed the following key information regarding Venugopal's departure:

Company Background

ZF Commercial Vehicle Control Systems India Limited, formerly known as WABCO India Limited, is a key player in the commercial vehicle solutions sector. The company's change in name reflects its acquisition by the ZF Group, a global technology company supplying systems for passenger cars, commercial vehicles, and industrial technology.

Impact and Transition

Venugopal's departure marks the end of a significant tenure with the organization, spanning over a decade. His role as Strategy and Market Intelligence Leader suggests he played a crucial part in shaping the company's strategic direction and market positioning during a period of substantial change, including the transition from WABCO India to becoming part of the ZF Group.

The company has accepted Venugopal's resignation. While no immediate announcement has been made regarding his successor, ZF Commercial Vehicle Control Systems India may be looking to fill this important strategic role in the near future.

Regulatory Compliance

In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has duly informed the stock exchanges about this change in senior management. This transparency ensures that shareholders and the market are promptly updated on significant personnel changes that could impact the company's operations.

As the commercial vehicle industry continues to evolve, particularly with increasing focus on technology and sustainability, the appointment of Venugopal's successor will be of interest to industry observers and stakeholders alike.