Net profit of Z F Steering Gear (India) reported to Rs 5.39 crore in the quarter ended March 2021 as against net loss of Rs 6.92 crore during the previous quarter ended March 2020. Sales rose 40.40% to Rs 85.39 crore in the quarter ended March 2021 as against Rs 60.82 crore during the previous quarter ended March 2020.

For the full year,net profit reported to Rs 8.85 crore in the year ended March 2021 as against net loss of Rs 0.28 crore during the previous year ended March 2020. Sales declined 29.69% to Rs 201.48 crore in the year ended March 2021 as against Rs 286.57 crore during the previous year ended March 2020.

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ZF Steering Gear (India) will hold a meeting of the Board of Directors of the Company on 15 May 2021.

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Z F Steering Gear (India) announced that ICRA has retained the credit ratings of the company and the outlook on the long term rating has been revised from Negative to Stable. The rating has been retained at ICRA A1+ (Stable)/ ICRA A1+.

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Net profit of Z F Steering Gear (India) reported to Rs 6.31 crore in the quarter ended December 2020 as against net loss of Rs 1.13 crore during the previous quarter ended December 2019. Sales rose 1.97% to Rs 64.27 crore in the quarter ended December 2020 as against Rs 63.03 crore during the previous quarter ended December 2019.

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