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Informist, Tuesday, Nov. 11, 2025

By Adhithya Aji

MUMBAI - Endurance Technologies Ltd. is expected to report double-digit growth in its consolidated net profit and revenue for the September quarter. The auto ancillary company is likely to benefit from an increase in the production of two-wheelers that has led to new order ramp ups. The rise in the European subsidiary's revenues and consolidation of operations of its Stoferle acquisition will likely boost Endurance Tech's earnings growth, according to brokerages tracking the company.

The auto parts maker is expected to report a consolidated net profit of INR 2.50 billion, up 23% on year and over 10% sequentially, according to the average of estimates from six brokerages. The highest estimate for the bottom line is INR 2.73 billion from Anand Rathi Share and Stock Brokers Ltd. and the lowest is INR 2.37 billion from YES Securities (India) Ltd.

The net sales of the company are expected to be INR 34.63 billion, nearly 19% higher on year and over 4% higher sequentially, according to the average of six estimates. The estimate for top line range from INR 36.47 billion by Anand Rathi Share and Stock Brokers to INR 32.72 billion by HDFC Securities Ltd. Endurance Tech earned around 69% of its total income from domestic business and around 30% from its business in Europe.

The company's revenue will likely grow 21% on year in the September quarter, led by the increase in two-wheeler production volumes, Kotak Securities Ltd. said. Endurance Tech's revenue is also estimated to benefit from new order ramp-ups for segments such as anti-lock braking system, disc brakes, and alloy wheels, Kotak Securities said. Over half of the company's revenue contribution came from the two-wheeler segment in the June quarter.

An on-year growth of 50% in the revenues of the European subsidiaries (The company has multiple subsidiaries in Europe, checked the annual report) driven by new order wins and a favourable currency conversion is also likely to help the company's top line, according to the brokerage.

"(Endurance Tech's) India business to grow 10% YoY on the back of a steady revival in OEM (original equipment manufacturer) demand in 2Q (Jul-Sept)," Motilal Oswal Financial Services Ltd. said. The brokerage expects revenue from Endurance Tech's Europe business to rise 33% on year following its acquisition of a 60% stake in German aluminium castings company Stoferle in April.

The company is expected to post consolidated earnings before interest, tax, depreciation, and amortisation of INR 4.70 billion for the reporting quarter, according to an average of estimates from four brokerages. The highest estimate for the EBITDA is INR 4.95 billion from Kotak Securities and the lowest is INR 4.49 billion from YES Securities (India) Ltd. Endurance Tech will report its September quarter earnings on Wednesday.

Brokerages expect Endurance Tech's EBITDA margin to expand on year. The metric is expected to improve by 90 basis points on year to 14% partly due to operating leverage benefits and improvement of profitability in the European business, Kotak said. Motilal Oswal expects the EBITDA margin to improve 100 basis points on year to 17%. On the other hand, Yes Securities expects the EBITDA margin to improve by only 20 basis points because favourable operating leverage is likely to be partially offset by higher raw material cost.

Of the 12 brokerage reports available on the company with Informist, nine have a 'buy' rating, two have a 'hold' call, and one has a 'sell' rating. The average target price of the brokerages having a 'buy' rating is INR 2,748, which is lower than the current market price.

Tuesday, shares of the company closed nearly 1% lower at INR 2,802.60 on the National Stock Exchange. The stock is up over 7% since the announcement of its June quarter earnings on Aug. 13.

Following are the Jul-Sept earnings estimates for Endurance Technologies, in INR million, from six brokerages in descending order of the estimate of net profit: 

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Edited by Deepshikha Bhardwaj

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