ZF Commercial Financials - Balance Sheet, Income Statment, Cash Flow

Quarterly Statement	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Revenue	979	1,039	1,042	958	1,105
Expenses	785	837	844	779	884
Operating Profit	177	175	132	134	191
Operating Profit Margin %	18%	17%	13%	15%	18%
Other Income	17	27	67	45	30
EBITDA	194	202	198	179	221
Interest	1	1	1	1	2
Depreciation	32	32	33	32	33
Profit Before Tax	161	169	164	146	187
Tax %	22%	25%	25%	26%	25%
Net Profit	126	127	122	108	140
EPS	66	67	65	57	74

Yearly Balance Sheet	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Share Capital	10	10	10	10
Reserve & Surplus	2,105	2,400	2,781	3,205
Minority Interest	0	0	0	0
Non Current Liabilities	24	78	81	81
Current Liabilities	499	536	510	490
Total Liabilities	2,637	3,022	3,382	3,785
Fixed Assets	536	587	673	737
Capital Work in Progress	20	77	84	69
Investments	398	100	25	30
Other Assets	1,683	2,258	2,600	2,950
Total Assets	2,637	3,022	3,382	3,785

Yearly Cash Flow	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Operating Activities	138	299	193	286
Investing Activities	-177	-270	-131	-227
Financing Activities	-29	-31	-34	-44
Net Cash Flow	-68	-3	28	15

Financial Year	Revenue	Revenue Growth	Net Profit	Profit Growth
FY 2024-25	3,914	0.54%	459	13.31%
FY 2023-24	3,880	9.84%	405	27.42%
FY 2022-23	3,512	35.44%	318	123.6%
FY 2021-22	2,581	36.48%	142	36.87%
FY 2020-21	1,902	-3.42%	104	-34.64%

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We are bullish on India, we are bullish on India's prospects to be one of the largest economies in the world. We believe that the stock market provides a unique opportunity for all of India's traders and investors to participate in the growth story of the country.

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SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320
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Details of client bank account

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ZF Commercial

ZFCVINDIA Share Price

ZFCVINDIA Financials

Income Statement

Balance Sheet

Cash Flow

ZFCVINDIA Revenue Growth