Broker's call: Endurance Tech (Add)
Choice Broking08-02-2024
Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Endurance Technologies Limited informs you that the audio recording of conference call for analysts / investors held today i.e. 7th February, 2024, is available on Company's website at: https://www.endurancegroup.com/wp-content/uploads/2024/02/ENA0820240207151374.mp307-02-2024
Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Endurance Technologies Limited inform you that the audio recording of conference call for analysts / investors held today i.e. 7th February, 2024, is available on Company's website at: https://www.endurancegroup.com/wp-content/uploads/2024/02/ENA0820240207151374.mp307-02-2024
Endurance Technologies Results Earnings Call for Q3FY24
Conference Call with Endurance Technologies Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.07-02-2024
9MFY24 Result Announced for Endurance Technologies Ltd.
Auto Parts & Equipment company Endurance Technologies announced 9MFY24 results: Consolidated Total Income, including Other Income, increased by 15.5% YoY, reaching Rs 76,152 million from Rs 65,943 million. 77% of Consolidated Total Income, including Other Income, originated from Indian operations (including Maxwell), with the remaining from European operations. Standalone Total Income, including Other Income, for the period experienced a growth of 13.5%. Consolidated EBITDA Margin improved to 13.1% from 11.8% last year, with margin expansion observed in both standalone and European businesses. Consolidated Profit After Tax (PAT) amounted to Rs 4,703 million, marking a 37.1% increase compared to the previous year. Aftermarket sales from Indian operations stood at Rs 3,257 million, compared to Rs 3,085 million in the corresponding period of the previous year. Consolidated Basic and Diluted Earnings Per Share (EPS) for the period stood at Rs 33.44 per share (not annualized), up from Rs 24.39 per share (not annualized) in the corresponding period of the previous year. Commenting on the Company's performance and recent developments, Anurang Jain, Managing Director of the Company, stated: "On a YoY basis, Indian two-wheeler sales volumes in Q3FY24 have grown by 18.7%. Endurance standalone Total Income rose 25.1% despite lower metal costs. Our European business turnover in Euro terms grew at 5.4%, in line with the growth in EU new car registration numbers. The Indian EV two-wheeler market is at an interesting juncture. Phasing out of FAME-II subsidies in June led to a sharp drop in market size, but the market has since recovered. The recovery has been largely led by certain OEMs who were relatively late entrants in the EV fray. With subsidy allocation for two-wheelers widely expected to be lower in FAME-III, OEMs are cognizant about the need to ensure cutting-edge capabilities in the ecosystem to grow the EV market and their own market share. Two-wheeler EV OEMs, both traditional and new-age, recognize us for our ability to design, develop, and produce components such as suspensions, brakes, machined aluminum castings, and BMS, with a focus on performance, durability, and cost. We achieve excellence in this area by offering technology acquired from international players, which is further cost-optimized, localized, and improved by our 300+ R&D; engineers. For EV two-wheelers, we already have capacity for incremental production for suspensions and brakes and have embarked upon projects at Aurangabad and Chennai to add capacity for casting and machining of aluminum components. We have also commenced today, commercial production of BMS ECUs on our newly installed SMT line at Aurangabad. In the Indian passenger vehicles market, the pace of powertrain electrification has been slow, but the signs are encouraging. Our European subsidiaries have won orders for a large number of parts for EVs and Hybrid vehicles. Several of these parts are already in production. As the Indian market matures, we would use our experience in Europe to improve our process technology for EV and hybrid-focused casting and machining in India. While the future pace of electrification in mobility is not ascertained, it appears quite certain that the Indian economy will see good growth, and a large number of families will experience personal mobility for the first time, and that bodes well for our sector." Result PDF07-02-2024
Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Investor Presentation
Enclosed is the Presentation giving financial highlights and key updates of unaudited financial results of the Company for the quarter and nine months ended 31st December, 2023.06-02-2024
Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Enclosed is the Press Release giving highlights of the financial results, both standalone and consolidated, for the quarter and nine months ended 31st December, 2023.06-02-2024
Endurance Technologies Ltd - 540153 - Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015
Amendment to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information06-02-2024
Endurance Technologies Ltd - 540153 - Intimation Of Appointment Of Senior Management Personnel And Chief Operating Officer - Designate
This is to intimate appointment of Senior Management Personnel and Chief Operating Officer-Designate Mr. Rajendra Abhange in April 2024. Date of appointment will be intimated in due course.06-02-2024
Endurance Technologies Ltd - 540153 - Unaudited Financial Results, Both Standalone And Consolidated, For The Quarter And Nine Months Ended 31St December, 2023
This is to inform unaudited financial results, both standalone and consolidated, for the quarter and nine months ended 31st December, 2023.06-02-2024