Endurance Technologies Ltd. (NSE:ENDURANCE) is an Indian automotive components manufacturer that produces a wide range of aluminum die-castings, suspensions, transmissions, and braking systems for two-wheelers, passenger cars, and commercial vehicles. The company was founded in 1985 and is headquartered in Aurangabad, Maharashtra. Endurance Technologies operates in India, Europe, and Southeast Asia and has over 25 manufacturing facilities across these regions.
Endurance Technologies Ltd., an auto parts and equipment firm, has released its Q3FY23 and 9MFY23 results. The total income, including other income, increased by 19.9% YoY, mainly driven by industry growth, order intake, and capacity creation in India, along with higher metal prices. Indian operations contributed 79% of total income, and the rest came from European operations. Standalone total income, including other income, grew by 23.5% YoY. The EBITDA margin was 11.8%, compared to 13.4% last year, due to the increased cost of metal components and higher energy costs, primarily in Europe. Profit after tax was Rs 3,431 million, a 5.7% increase from last year. Despite economic challenges faced by key export markets, aftermarket sales from Indian operations stood at Rs 3,085 million, a growth of 7.3% YoY. The basic and diluted EPS for the period stood at Rs 24.39 per share (not annualized), compared to Rs 23.07 per share (not annualized) in the corresponding period last year.