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 and financial year ended 31st March, 2023. FY23 Annual Result Announced for Endurance Technologies Ltd.
Auto Parts and Equipments company Endurance Technologies announced FY23 results: Consolidated Total Income including Other Income for the year rose by 16.6%, supported by industry growth, order intake and capacity creation in India, and by higher metal prices. 77% of Consolidated Total Income including Other Income came from Indian operations and the balance came from European operations. Standalone Total Income including Other Income for the year grew by 18.8% YoY. Consolidated EBITDA Margin was 12.2% vs. 13.2% last year. The margin was impacted by higher metal cost component in our product price and increased energy costs, particularly in Europe. Consolidated PAT at Rs 4,796 million was 4.1% higher than last year. Aftermarket sales from Indian operations stood at Rs 4,311 million vs. Rs 4,189 million in the last year, despite key export markets facing economic challenges. Consolidated Basic and Diluted EPS for the year stood at Rs 34.09 per share, compared to Rs 32.75 per share in the last year. Commenting on the Company's performance and recent developments, Mr. Anurang Jain, Managing Director of the Company said: "During Q4, the aggregate two-wheeler sales volumes for Indian OEMs witnessed a YOY drop of 4.1 %, primarily due to significantly lower exports. Our India business recorded a topline growth of 6.1%. For the full year also, we have continued our trend of 'better than industry' growth. While two-wheeler industry sales volumes grew 8.3% over FY22, our topline grew 18.8%. While our topline benefited from pass-through of elevated metal prices, a large part of the growth came from higher volumes produced and sold from our plants, particularly in brakes, alloy wheels, machined castings and front forks. The EU new car registration numbers for the full year grew by 2.9% over the previous year, but degrew by 24% from the pre-pandemic base of FY19. Our European business turnover in Euro terms rose 12.7% YOY. Normalised for the impact of higher aluminium prices, the increase stood at 9.8%. Our European business EBIDTA margins improved to 14.5% in FY23 from 14.1% in FY22 despite high energy costs, which were partially compensated by customers and government support. A number of measures taken by us in FY23 will serve us well, as we continue to pursue our objective of profitable growth. During the year, we have made acquisitions in key areas of embedded electronics and European aftermarkets. We have booked new orders aggregating Rs 9.4 billion from OEMs (excluding Bajaj Auto) in ETL India, Rs 1.3 billion in Maxwell and Euro 84 million in Europe. In the EV space, we have booked orders of Rs. 3.8 billion in ETL India, Rs 1.3 billion in Maxwell and Euro 41 million in Europe during the year. Additionally, our European plants have booked orders of Euro 27 million for hybrid vehicles. We have set up facilities to augment manufacturing capacities for existing and new products, and also for backward integration. The Board of Directors has reviewed the Company's financial performance for the fiscal year and has recommended a dividend of Rs. 7 per equity share of face value of Rs. 10 each." Result PDF Endurance Technologies Ltd - 540153 - Book Closure From 12Th August, 2023 To 23Rd August, 2023 (Both Days Inclusive)
The Register of Members and Share Transfer Books will remain closed from 12th August, 2023 to 23rd August, 2023 (both days inclusive) for determining the shareholders entitled for final dividend. Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
We are enclosing press release giving highlights of the financial results, both standalone and consolidated, for the quarter and financial year ended 31st March, 2023 Endurance Technologies Ltd - 540153 - Board Meeting Outcome for Outcome Of The Board Meeting
We inform you that the Board of Directors of the Company, at its meeting held today i.e. on 17th May, 2023, considered and approved, inter alia, the following items of business: 1. Audited financial statements, both standalone and consolidated, for the quarter and financial year ended 31st March, 2023. 2. Recommended dividend of Rs. 7 per equity share of face value of Rs. 10 each (70%), for the financial year 2022-23. 3. The Twenty Fourth Annual General Meeting ('AGM') of the Members of the Company will be held on Wednesday, 23rd August, 2023. The Register of Members and Share Transfer Books will remain closed from 12th August, 2023 to 23rd August, 2023 (both days inclusive) for determining the shareholders entitled for aforesaid dividend. Endurance Technologies Ltd - 540153 - Audited Financial Statements, Both Standalone And Consolidated, For The Quarter And Financial Year Ended 31St March, 2023
We inform you that the Board of Directors of the Company, at its meeting held today i.e. on 17th May, 2023, considered and approved, inter alia, 1. Audited financial statements, both standalone and consolidated, for the quarter and financial year ended 31st March, 2023 2. Recommended dividend of Rs. 7 per equity share of face value of Rs. 10 each (70%), for the financial year 2022-23 3. The Twenty Fourth Annual General Meeting ('AGM') of the Members of the Company will be held on Wednesday, 23rd August, 2023. Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We hereby inform that a conference call for institutional investors / analysts is scheduled on 18th May, 2023 at 11:00 a.m. (IST) to discuss the audited financial results (both standalone and consolidated) for the quarter and financial year ended 31st March, 2023 Endurance Technologies Ltd - 540153 - Board Meeting Intimation for Intimation Of Board Meeting For Approval Of Financial Results For The Quarter And Financial Year Ended 31St March, 2023, Closure Of Trading Window And Recommendation Of Dividend
Endurance Technologies Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/05/2023 ,inter alia, to consider and approve This is to inform that a meeting of the Board of Directors of the Company is scheduled on Wednesday, 17th May, 2023 to, inter alia, consider and approve the audited financial results (both standalone and consolidated), for the quarter and financial year ended 31st March, 2023 and recommend dividend, if any, on the equity shares of the Company for the financial year 2022-23
