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

Quarterly Statement	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	1,039	1,042	958	1,105	1,197
Expenses	837	844	779	884	965
Operating Profit	175	132	134	191	190
Operating Profit Margin %	17%	13%	15%	18%	16%
Other Income	27	67	45	30	42
EBITDA	202	198	179	221	232
Interest	1	1	1	2	1
Depreciation	32	33	32	33	34
Profit Before Tax	169	164	146	187	197
Tax %	25%	25%	26%	25%	26%
Net Profit	127	122	108	140	146
EPS	67	65	57	74	77

Yearly Balance Sheet	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Share Capital	10	10	10	10	10
Reserve & Surplus	2,105	2,400	2,781	3,205	3,681
Minority Interest	0	0	0	0	0
Non Current Liabilities	24	78	81	81	76
Current Liabilities	499	536	510	490	659
Total Liabilities	2,637	3,022	3,382	3,785	4,426
Fixed Assets	536	587	673	737	792
Capital Work in Progress	20	77	84	69	61
Investments	398	100	25	30	282
Other Assets	1,683	2,258	2,600	2,950	0
Total Assets	2,637	3,022	3,382	3,785	4,426

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	4,055	0.89%	497	13.31%
FY 2023-24	3,914	10.48%	459	27.42%
FY 2022-23	3,880	36.06%	405	123.6%
FY 2021-22	3,512	35.67%	318	36.87%
FY 2020-21	2,581	-4.57%	142	-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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While we are growing, we will always remember why we started building in the first place - you. Our user-first approach will always be at the heart of our philosophy. Come join us on this incredible journey!

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©2021-2026 Raise Securities Private Limited (formerly Moneylicious Securities Private Limited). All rights reserved. CIN: U74999MH2012PTC433549 Raise Securities is part of Raise Financial Services and works closely with Raise Partners across services.

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
Registered & Corporate Office: Unit No. 2201, 22nd Floor, Gold Medal Avenue, S.V. Road, Beside Patel Petrol Pump, Piramal Nagar, Goregaon West, Mumbai – 400104, Customer Care: 9987761000.

Details of client bank account

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In case of grievances for any of the services rendered by Raise Securities Private Limited, please write to grievance@dhan.co (for NSE, BSE and MCX) or grievancedp@dhan.co (for Depository Participant). Please ensure that you carefully read the Risk Disclosure Document as prescribed by SEBI, our Terms of Use and Privacy Policy. Compliance Officer: Mr. Manish Garg and Mobile: 8655740961 Email: complianceofficer@dhan.co To lodge your complaints using SEBI SCORES, click here.

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Attention investors:

Stock brokers can accept securities as margins from clients only by way of pledge in the depository system w.e.f September 01, 2020.
Update your e-mail and phone number with your stock broker / depository participant and receive OTP directly from depository on your e-mail and/or mobile number to create pledge.
Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month.

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ZF Commercial

ZFCVINDIA Financials

Income Statement

Balance Sheet

Cash Flow

ZFCVINDIA Revenue Growth