Endurance Technologies Ltd - 540153 - Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
Endurance Technologies Ltd has informed BSE regarding the details of Voting results of AGM, under Regulation 44(3) of SEBI (LODR) Regulations, 2015. Kindly Click here Endurance Technologies Ltd - 540153 - Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
We inform you that the AGM of Members of the Company was held today i.e. 25th August, 2021 at 3.00 p.m. through Video Conferencing or Other Audio Visual Means ('VC' / 'OAVM'). The registered office of the Company situated at E-92, MIDC Industrial Area, Waluj, Aurangabad - 431 136, Maharashtra was the deemed venue of the meeting. In this regard, we are enclosing proceedings of the AGM, Voting results of the AGM and consolidated report of the Scrutinizer. You are requested to take the above information on record. Endurance Technologies Ltd - 540153 - Shareholder Meeting / Postal Ballot-Outcome of AGM
We inform you that the AGM of Members of the Company was held today i.e. 25th August, 2021 at 3.00 p.m. through Video Conferencing or Other Audio Visual Means ('VC' / 'OAVM'). The registered office of the Company situated at E-92, MIDC Industrial Area, Waluj, Aurangabad - 431 136, Maharashtra was the deemed venue of the meeting. In this regard, we are enclosing proceedings of the AGM, Voting results of the AGM and consolidated report of the Scrutinizer. You are requested to take the above information on record. Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
We inform you that a meeting with a group of Analysts/Institutional Investors has been scheduled on 17th August, 2021 at 12.30 p.m. These meetings have been organised by Citigroup Global Markets India Private Limited. We request you to take the above information on your record.
Earnings Call for Q1FY22 of Endurance Technologies
Conference Call with Endurance Technologies Management and Analysts on Q1FY22 Performance and Outlook. Listen to the full earnings transcript. Q1FY22 Result Announced for Endurance Technologies Ltd.
Performance Highlights [For Q1 FY 2021-22]: The results for first quarter of the last year were abnormally adverse, as they were impacted by the prolonged suspension of operaUons due to the Covid-19 pandemic. Results for the first quarter of this fiscal were also impacted by lower offtake by OEMs due to the second wave of infections. Consolidated Total Income including Other Income increased to INR 77,064 million vs INR 6,140 million in Q1 of FY 2020-21. 68% of Consolidated Total Income including Other Income for the quarter came from Indian operations and balance 32% came from European operations. Standalone Total Income including Other Income for the quafter increased to INR 11,578 million vs INR 3,603 million in Q1 of FY 2020-21. Consolidated EBITDA Margin for the quarter was 15.1%, as against 8.7% for the corresponding quarter of the last year. Consolidated PAT for the quarter at INR 966 million was at 5.7 % of Consolidated Total Income. Our Indian operations recorded Aftermarket sales of INR 626 million, as against INR 169 million in Q1 of FY 2020-21. Consolidated Basic and Diluted EPS for the quarter stood at INR 6.86 per share. Commenting on the Company's performance, Mr. Anurang Jain, Managing Director of the Company said: "Very few two-wheelers were sold by Indian OEMs in the lockdown affected Q1 of the last financial year. However, Q2, Q3 and Q4 had witnessed sales in excess of 5.4 million vehicles per quarter. In Q1 of this fiscal, the sale of two-wheelers again dropped to 3.54 million, due to a renewed wave of infections in the country. Against such market drop of 35 % over the preceding quarter, Endurance's standalone top-line fell 28% gradual easing of restrictions on commercial activity and likely reopening of educational institutions, guick demand revival can be expected. In Europe (European Union and United Kingdom), the new car registration data showed an improvement in Q1 of this fiscal, against Q4 of the previous year. However, production of cars in markets such as Germany showed a decline. Our European operations recorded a marginal increase in Total Income, compared to the exit quarter. We continue to win orders for supply of products to European four-wheeler OEMs, including sizeable orders for EV and hybrid applications. In India, we continue efforts to supply all four of our products to all major 2W/3W OEMs. We have also made significant progress in winning aluminium casting orders for passenger cars, commercial vehicles and tractors, and for non-auto applications. During the last year, we had taken major cost optimization actions by consolidating operations in Italy and offering voluntary separation to surplus manpower in Aurangabad. In May 2021, we have made our Chakan operations leaner by offering a voluntary separation scheme. Applications from 177 workmen under this scheme were accepted, leading to a one-time outgo of Rs. 314.5 million for the Company, and the same has been recorded as an exceptional item in this quarter's results. We have also commenced prodrlction of steel-braided brake hoses in June 2021, for ABS applications in mid and high end bikes. We take pride in being cost-competitive while delivering quality products to our customers. During the quarter, our factories in India and Europe did not face any government mandated lockdowns. The Company continues to take measures to ensure a safe workplace for its people." Result PDF Endurance Technologies Ltd - 540153 - Results - Financial Results For The Quarter Ended 30Th June, 2021
The Board of Directors of the Company, at its meeting held today i.e. 11th August, 2021, has approved the unaudited financial results, both standalone and consolidated, for the quarter ended 30th June, 2021 ('Financial Results') of the financial year 2021-22. Pursuant to above-referred regulations, we enclose the following documents: a) Statement of Financial Results; b) 'Limited Review' reports of the Statutory Auditors on the aforesaid Financial Results; and c) Press Release giving highlights of the Financial Results. The meeting commenced at 2.00 p.m. and concluded at 4.20 p.m. Endurance Technologies Ltd - 540153 - Board Meeting Outcome for Outcome Of Board Meeting
The Board of Directors of the Company, at its meeting held today i.e. 11th August, 2021, has approved the unaudited financial results, both standalone and consolidated, for the quarter ended 30th June, 2021 ('Financial Results') of the financial year 2021-22. Pursuant to above-referred regulations, we enclose the following documents: a) Statement of Financial Results; b) 'Limited Review' reports of the Statutory Auditors on the aforesaid Financial Results; and c) Press Release giving highlights of the Financial Results. The meeting commenced at 2.00 p.m. and concluded at 4.20 p.m. Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
This has reference to our letter dated 16th July, 2021 informing that a Board meeting of the Company is scheduled on 11th August, 2021 to, inter alia, consider and approve the unaudited financial results (both standalone and consolidated) for the quarter ended 30th June, 2021. In terms of the referred Regulation 30 read with Schedule III - Part A to the Listing Regulations, we inform you that a conference call for institutional investors / analysts is scheduled on 12th August, 2021 at 11:00 a.m. (IST) to discuss the above financial results. Details of the conference call are enclosed. Endurance Technologies Ltd - 540153 - Reg. 34 (1) Annual Report
We had informed vide our letter dated 19th May, 2021 that the Twenty Second AGM of the Company is scheduled on Wednesday, 25th August, 2021. We enclose herewith for record: i. Notice of the AGM (including e-voting instructions); and ii. Annual Report (including BRR) of the Company for the FY 2020-21. Further, we inform that the Company has completed despatch of Notice convening the AGM together with the Annual Report for the FY 2020-21 to all its Members, on 29th July, 2021. These documents have been sent through electronic mode on 29th July, 2021, to those Members whose e-mail addresses are registered with the Company / DP(s). Aforesaid documents are also available on the website of the Company www.endurancegroup.com and on the website of Link Intime India Private Limited, Registrar and Transfer Agent, at https://instavote.linkintime.co.in.