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Informist, Wednesday, May 13, 2026

By Prateem Rohanekar

MUMBAI – Endurance Technologies Ltd. is expected to report a healthy rise in net sales due to consolidation of Stoferle Automotive and favourable euro exchange rate. Despite the growth in revenue, the company is expected to report a small growth in its net profit for the March quarter due to subdued growth in margins, as per brokerages.

The company is expected to report a net profit of INR 2.36 billion, up 1.3% on year, the average of estimates from eight brokers showed. The company's revenue is expected at INR 36.67 billion, up nearly 24% on year.

Motilal Oswal Financial Services Ltd. has the highest estimate for the company's net profit at INR 2.71 billion and Equirus Securities Pvt. Ltd. has the lowest estimate at INR 2.16 billion. Motilal Oswal also has the highest estimate for net sales at INR 37.51 billion and Anand Rathi Share and Stock Brokers Ltd. has the lowest at INR 35.77 billion.

Motilal Oswal expects the company's revenue from India to grow 23% on year on the back of seasonally strong volumes from original equipment manufacturer in the March quarter, as well as a relatively low base. The brokerage expects the company's revenue from Europe to grow 19% on year due to the Stoferle Automotive acquisition. The brokerage expects the company's consolidated net profit to grow 15% on year in the March quarter.

Equirus Securities expects the company's consolidated revenue to register a strong on-year growth, led by robust growth in the domestic business driven by strong original equipment manufacturer volumes, along with a 35-40% growth in Europe revenues supported by Stoferle Automotive acquisition and increasing euro realisation.

The company's earnings before interest, tax, depreciation, and amortisation are estimated at INR 4.78 billion, up 4.5% on year, according to the average of estimates from six brokerages. Kotak Securities Ltd. has the highest estimate for the company's EBITDA at INR 5.17 billion and YES Securities has the lowest estimate at 4.23 billion.

Motilal Oswal expects the company's India EBITDA margin to remain flat sequentially and Europe's EBITDA margin to rise 70 basis points on year to 19%. Equirus Securities expects the company's EBITDA margins to remain broadly stable sequentially as raw material cost pressure will be offset by operating leverage benefit.

The company is scheduled to announce its earnings for the March quarter on Friday. Equirus Securities suggests that investors should watch out for margins and volume outlook shared by the management.

On Wednesday, shares of Endurance Technologies closed 1.9% lower at INR 2,529.70 on the National Stock Exchange. The stock has risen over 1.8% since the company reported its December quarter earnings on Feb. 12.

All five brokerage reports on the company available with Informist have a 'buy' or equivalent recommendation on the stock with an average target price of INR 3,035. This is nearly 18% higher than the current market price.

Following are the March quarter earnings estimates for Endurance Technologies from eight brokerages in descending order of the estimate of net profit in INR billion:

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Edited by Akul Akhoury

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