Net sales during the quarter rose by 24.9% YoY to Rs 976.94 crore.

Total expenditure increased by 20.2% to Rs 832.90 crore in Q4 FY23 over Q4 FY22, due to higher raw material costs (up 20.4% YoY) and higher other expenses (up 21.6% YoY) and higher employee expenses(up 13.7% YoY).

Profit before tax in Q4 FY23 stood at Rs 134.86 crore, up by 75.8% from Rs 76.72 crore in Q4 FY22.

For the year ended on 31 March 2023, the company recorded a PAT of Rs 317.67 crore (up 123.6% YoY) and net sales of Rs 3,444.25 crore (up 35.4% YoY).

The company's board has approved a dividend of Rs 13 per share for FY23.

ZF Commercial Vehicle Control Systems India, part of ZF Group Commercial Vehicle Solutions Division, is a market leader for advanced braking systems, conventional braking products and related air assisted technologies and systems in India. The company provides industry-leading solutions in the autonomous, connected and electric (ACE) domains to commercial vehicle industry in India.