Buy Endurance Technologies; target of Rs 1640: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Endurance Technologies has recommended buy rating on the stock with a target price of Rs 1640 in its research report dated February 09, 2023.
Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
This is to inform you that a one-on-one meeting with Eastspring Investments (Singapore) Ltd. (Eastspring) has been scheduled on 16th February, 2023 through video conference. Endurance Technologies Ltd - 540153 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
We are enclosing the Notice of Postal Ballot dated 8th February, 2023
Endurance Technologies Results Earnings Call for Q3FY23
Conference Call with Endurance Technologies Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript. Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
We wish to inform you that the Board of Directors at its meeting held on 8th February, 2023 approved amendment to the 'Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information' (the 'Code') of the Company. Endurance Technologies Ltd - 540153 - Intimation Of Postal Ballot And Cut-Off Date
In terms of Regulation 30 of the Listing Regulations, we inform you that the Board of Directors of the Company, at its meeting held on 8th February, 2023 has, inter alia, approved the following: 1. Amendment to the Memorandum of Association ('MOA') of the Company 2.Amendment to the Articles of Association ('AOA') of the Company by deleting / altering relevant regulations to remove reference of common seal 3.Postal Ballot and Cut-off date Q3FY23 Quarterly Result Announced for Endurance Technologies Ltd.
Auto parts & equipment firm Endurance Technologies announced Q3FY23 results: Consolidated Q3FY23 & 9MFY23: Total Income including Other Income for the period rose by 19.9% YoY, supported by industry growth, order intake and capacity creation in India, and by higher metal prices. 79% of Total Income including Other Income came from Indian operations and the balance came from European operations. Standalone Total Income including Other Income for the period grew by 23.5% YoY. EBITDA Margin was 11.8% vs 13.4% last year. The margin was impacted by higher metal cost component in our product price and increased energy costs, pafticularly in Europe. PAT at Rs 3,431 million was 5.7% higher than last year. Aftermarket sales from Indian operations stood at Rs 3,085 million vs Rs 2,874 million in the corresponding period of last year, despite key export markets facing economic challenges. Basic and Diluted EPS for the period stood at Rs 24.39 per share (not annualised) compared to Rs 23.07 per share (not annualised) in the corresponding period of last year. Commenting on the Company's performance and recent developments, Mr. Anurang Jain, Managing Director of the Company said: "On a YoY basis, Indian two-wheeler sales volumes in Q3FY23 have been flat. Endurance standalone revenues for the quarter rose 7.4% compared to the last year. Our topline benefited from elevated metal prices, and higher volumes from plants, particularly in brakes and alloy wheels, where capacity was augmented to service new customer orders. The EU and UK industry numbers grew by 14.9%, with our key markets of Italy and Germany recording higher-than-average growth. Despite this, the quarter's industry numbers translate to a drop of 19.4% compared to 3.6m new car registrations in Q3FY20, which was the pre-pandemic level. Our European business turnover in Euro terms rose 26.10% YoY. Normalized for the impact of higher aluminum prices, our topline saw a YoY increase of 23.60%. Our European business margins have recovered, primarily due to falling energy prices, and energy cost-related compensation from governments and customers. Macro events concerning public health, government policy, geo-political matters, commodity prices, etc, have a significant impact on businesses. Our strengths, including the strength of our Balance Sheet, enable us to effectively counter the impact of such events. These strengths were seen playing out both during the Covid lockdowns, and more recently during the European energy crisis. Moreover, our derisked portfolio of businesses ensures that the impact of such events is cushioned. We have recently embarked upon derisking our 4-wheeler OEM focussed European business, where we have additionally focussed on growing our 2-wheeler Aftermarket business in Europe by the acquisition of Adler, Grimeca, Frenotecnica and New Fren, and created a pool of Aftermarket brands." Result PDF Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We inform you that a one-on-one meeting with Amansa Capital Pte. Ltd., Singapore (Amansa) has been scheduled on 9th February, 2023 at Mumbai Endurance Technologies Ltd - 540153 - Unaudited Financial Results, Both Standalone And Consolidated, For The Quarter And Nine Months Ended 31St December, 2022
We are enclosing outcome of Board meeting dated 8th February, 2023 along with unaudited financial results, both standalone and consolidated, for the quarter and nine months ended 31st December, 2022 Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
In terms of Regulation 30 read with Schedule III - Part A to the Listing Regulations, this is to inform you that a conference call for analysts and institutional investors is scheduled on 9th February, 2023 at 11 :00 am (IST) to discuss financial results for the quarter and nine months ended 31st December, 2022.