More Stories

Informist, Wednesday, Nov. 12, 2025

By Avishek Rakshit

KOLKATA - Delivery of existing orders backed by a strong order book position and incentive booking helped Endurance Technologies Ltd. report 12% year-on-year growth in net profit for the September quarter. The profit, however, still fell short of the Street's expectation.

For the quarter, Endurance Tech reported a bottom line of INR 2.3 billion against the Street's expectation of INR 2.5 billion as the company's total expenses grew faster than its revenue. The top line for the quarter under review grew 23% on year to INR 35.8 billion, ahead of the Street's estimate of INR 34.6 billion. However, total expenditure grew 23.4%, which weakened profit growth.

The top-line growth came mainly from volume growth in the company's India operations. Its order delivery volume to two-wheeler original equipment manufacturers grew 10.3% on year and sales volume to three-wheeler OEMs grew 21.4% during the quarter under review. Sales volume to Indian OEMs making four-wheeled vehicles, however, grew at a slower pace of 3.5%.

"Endurance outperformed industry by recording topline growth of 16.2% in the standalone business," Managing Director Anurang Jain said in a statement. "In Europe, new car registrations grew 7.7%. Our topline before Stoferle consolidation grew despite certain key countries like France and Italy having reported de-growth in registrations. With Stoferle consolidation, we grew 32.5% in euro terms." 

As on Sept. 30, Endurance Tech had an order book of INR 46.7 billion, of which INR 39.5 billion are new orders and INR 7.2 billion are replacement orders. However, in the coming months, Endurance Tech expects this order book to get a further boost of INR 42.1 billion, which is more than the current order book position, as various requests for quotation are under discussion with various customers.

In a presentation for investors uploaded on the bourses, the company said it has initiated discussions with multiple OEMs for large disc brake and anti-lock braking system orders in view of the new regulations for two-wheelers. Around 61% of the new orders that the company received in the first half of the current financial year are from four-wheeler OEMs, including an INR 1.5 billion order from Kia and an INR 1 billion order from an overseas electric vehicle company.

"Our operations are geared up to deliver goods on time and with consistent quality," Jain said. "We are engaged in cost-optimisation initiatives such as backward integration. Some of the resultant benefits are passed on to customers, leading to a long-term competitive advantage."

As the company's top line grew with the execution of orders, so did its costs. Raw material costs increased 21% on year to INR 20.7 billion and employee expenses increased 23% on year to nearly INR 3.0 billion. Depreciation and amortisation costs increased 37% on year to INR 1.8 billion and finance costs went up 18% on year to INR 136 million.

"Customer centricity is one of our core values," Jain said. "Our R&D centres are being expanded and modernised to ensure that the product offered to customers is well-designed, tested, and validated. For large volume business, we evaluate and, if required, we set up manufacturing facilities in close proximity to our customers. This helps us service the customers better, save on freight costs, and diversify geographically."

The company's earnings before interest, tax, depreciation, and amortisation increased 6.3% on year to INR 3.4 billion. During the first half of the current financial year, Endurance Tech's net profit increased 11.5% on year to INR 4.5 billion and revenue increased over 20% on year to INR 69 billion. Wednesday, shares of Endurance Tech closed 4.1% higher at INR 2,916.60 on the National Stock Exchange. The company declared its results for the September quarter after trading hours.  End

Edited by Rajeev Pai

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.