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Informist, Monday, Feb. 9, 2026

By Durgesh Nandan

MUMBAI – Endurance Technologies Ltd. is expected to report double-digit on-year growth in its consolidated net profit and revenue for the December quarter. However, on a sequential basis, the company's bottom line and top line are likely to fall slightly. The sequential fall is primarily due to the rise in aluminium prices, according to brokerages tracking the company.

The automobile parts manufacturer is expected to report a consolidated net profit of INR 2.15 billion, up nearly 17% on year but down over 5% sequentially, according to the average of estimates from six brokerages. The highest estimate for the bottom line is INR 2.4 billion from Motilal Oswal Financial Services Ltd. and the lowest is INR 1.8 billion from Elara Securities (India) Pvt. Ltd.

The company's revenue is expected to be INR 35.29 billion, up 23% from the year-ago quarter but down over 1% sequentially, according to the average of estimates. The highest estimate for the top line is INR 37.1 billion from Motilal Oswal and the lowest estimate is INR 32.13 billion from Elara Securities.

The company's revenue is expected to increase year-on-year due to rise in production of two-wheelers and three-wheelers and will be supported by the consolidation of Stoferle, which the company had acquired in 2025, HDFC Securities said.

The company is expected to post consolidated earnings before interest, tax, depreciation, and amortisation of INR 4.62 billion for the quarter under review, according to the average of estimates. The highest estimate for EBITDA is INR 4.91 billion from Motilal Oswal and the lowest is INR 4.15 billion from Elara Securities. Endurance Tech will report its December quarter earnings Thursday.

The company's EBITDA margin is likely to improve 20 basis points on year to 13.2%, driven by better operating leverage and improvement in profitability of the European Union business, which will be partly offset by lower profitability in India due to higher expenses because of initial investments required for ramping up new orders, Kotak Securities Ltd. Motilal Oswal expects the EBITDA margin for the India business to fall 80 bps on year to 11.7% due to high costs of new plants and personnel.

The India business is expected to grow 24% on year on the back of strong original equipment manufacturer volumes for the December quarter and a relatively low base, Motilal Oswal said.

The auto ancillary company is likely to benefit from the execution of new orders and an increase in demand for automobiles due to the cut in the Goods and Services Tax, according to brokerages.

Of the four brokerage reports on the company available with Informist, three have a 'buy' or equivalent recommendation on the stock with an average target price of INR 3,236. This is around 29% higher than the current price. One has a 'hold' or equivalent recommendation on the stock with an average target price of INR 3,015.

Shares of the company are down 14% since its September quarter results were announced. The shares Monday closed at INR 2,505.50 on the National Stock Exchange, up 2.5% from the previous session.

Following are the Oct-Dec earnings estimates for Endurance Technologies from six brokerages in descending order of the estimate of net profit in INR billion:

End

Edited by Ashish Shirke

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