Endurance Technologies Ltd - 540153 - Shareholder Meeting / Postal Ballot-Outcome of AGM
Enclosing proceedings of 24th AGM held Today i.e. 23rd August, 2023, pursuant to regulation 30 of the Listing Regulations.23-08-2023
23-08-2023
Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
This is to inform that the audio recordings of one-on-one / group meetings with investor / analyst held on 21st August, 2023 are available on the Company's website.22-08-2023
Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
This is to inform you that a group meeting with Analysts / Institutional Investors have been scheduled on 29th August, 2023 from 9.30 a.m. to 2.30 p.m.22-08-2023
Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Enclosing transcript of the conference call held on 11th August, 202321-08-2023
Reduce Endurance Technologies; target of Rs 1467: HDFC Securities
HDFC Securities recommended reduce rating on Endurance Technologies with a target price of Rs 1467 in its research report dated August 11, 2023.17-08-2023
Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We inform you that multiple one-on-one / group meetings with Analysts / Institutional Investors have been scheduled on 21st August, 2023 between 10.00 a.m. and 5.00 p.m. These meetings are organised by Motilal Oswal Financial Services Ltd.14-08-2023
Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
This is to inform that a telephonic /virtual meeting with a group of Analysts/Institutional Investors has been scheduled on 17th August, 2023 at 11.30 a.m.11-08-2023
Endurance Technologies Results Earnings Call for Q1FY24
Conference Call with Endurance Technologies Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.11-08-2023
Q1FY24 Quarterly Result Announced for Endurance Technologies Ltd.
Auto Parts & Equipment company Endurance Technologies announced Q1FY24 results: Consolidated total income including other income increased by 16.4% on a YoY basis. 75.1% of consolidated total income including other Income came from Indian operations (including Maxwell) and the balance came from European operations. Standalone total income including other income for Q1FY24 grew by 13.3% YoY. Consolidated EBITDA margin was 13.7% vs. 11.5% in Q1FY23. Consolidated PAT at Rs 1,635 million was 58.1% higher than Q1FY23. Aftermarket sales from Indian operations stood at Rs 922 million vs. Rs 963 million in Q1FY23. Consolidated Basic and Diluted EPS for Q1FY24 stood at Rs 11.62 per share (not annualised) compared to Rs 7.35 (not annualised) in Q1FY23. Commenting on the Company’s performance and recent developments, Anurang Jain, Managing Director of the Company said, “Two-wheeler sales volumes for Indian OEMs have recorded a marginal YoY growth of 1.2% in Q1FY24, based on 9.2% growth in scooter volumes and 1.6% de-growth in motorcycle volumes. Growth in three-wheeler volumes stood at 25.5%, while passenger cars grew 7.2%. Endurance standalone revenues for Q1FY24 rose 13.3% compared to Q1FY23. In Europe, average energy prices softened compared to the preceding quarter but remained significantly higher than the long-term average before 2021. New car registration numbers for the EU grew 17.9% YoY. While most countries in the EU reported double-digit growth, the growth was not even across major OEMs. Certain key customers of our Company reported low/mid-single-digit growth. Against this backdrop, our Q1 sales in Europe in Euro terms grew 12.6% over Q1FY23. The Indian two-wheeler market is at an interesting juncture. In the scooter market, EVs are expected to soon take a lead over ICE, despite the recent setback to volumes post the reduction in government subsidies. All traditional products of our company, barring clutches, are required in EVs. Moreover, Battery Management System (BMS), where Maxwell is a key player, forms a key part of the overall electric vehicle cost. In the last month, we increased our shareholding in Maxwell from 51% to 56%, and the same will be increased to 100% in the next 4 years. Leading 2W OEMs have taken cognizance of the growing aspirations and spending ability of riding enthusiasts, and have launched new premium motorcycle models. We have won orders to supply key components to certain vehicles in this category. In the country, there are a large number of households that have experienced some economic progress and now aspire to own a vehicle. This section of our population also recognises that quick personal mobility assists them in their work and productivity. This bodes well for two-wheelers at lower price points and for the aftermarket. Endurance will continue to play a key role in these markets as well.” Result PDF11-08-2023
Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Investor Presentation
We are enclosing a presentation giving financial highlights and key updates of the Company for the quarter ended 30th June, 202310-08-2023