Revenue Growth and Operating Income Trends
Over the past several years, Z F Steering's net sales have shown a consistent upward trend, rising from ₹312.80 crores in the fiscal year ending March 2022 to ₹493.87 crores in March 2025. This represents a significant recovery and expansion compared to earlier years, where sales hovered around the ₹435-447 crore range between 2017 and 2019. The total operating income mirrors this growth pattern, with no other operating income reported, indicating that the company’s core business activities are the primary revenue drivers.
Raw material costs have naturally increased in line with sales, reaching ₹313.85 crores in March 2025, though the company has managed to control inventory fluctuations and employee costs, which have risen mo...
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