The call ran from 11:01 AM to 12:03 PM IST (1 h 3 min).
Key takeaways
Strong consolidated revenue growth driven by India and Europe, despite volatile commodity prices. Robust order book execution across EV and four-wheeler segments offset one-time European depreciation hits.
| Revenue growth | Consolidated income up 33% YoY; India standalone up 40%. |
|---|---|
| Margins | Consolidated EBITDA at 12.1%; India margin slightly compressed by RMC. |
| Order book | Total order wins since FY22 reach ₹6,372 Cr excluding Bajaj. |
| Demand visibility | Strong domestic demand; European car market remains sluggish but stabilizing. |
| Management confidence | Balanced; focused on aggressive diversification into EV and four-wheeler segments. |
Growth
Consolidated income grew 33% YoY. India standalone revenue rose 40%, while Europe grew 13% despite a sluggish auto market.
Outlook
Cumulative SOP for four-wheeler proprietary products targets ₹800 Cr revenue by FY31. Capex for FY27 guided at ₹1,100 Cr (India).
Risks
Commodity price volatility, especially steel. Geopolitical tensions in West Asia impacting energy costs and global supply chains.
Last quarter's promises, checked
Delivered
- Hero battery-pack SOP Jun-26 → battery packs launched for 2W OEMs (= BEAT)
Partly delivered
- Gas/conversion cost recovery in Q2 or Q3 → price hikes from Oct-26 (= PARTIAL)
- Bajaj dual-channel ABS SOP this quarter (120k/yr) → ABS launched; volume unverified (= PARTIAL)
Missed
- Q2 EBITDA margin above Q1's 13.1% → consolidated 12.1% (= MISS)
- All RM increases recovered in Q2 → OEM price hikes from Oct-26 (= MISS)
- FY27 India capex ~₹800 Cr (flat on FY26) → ₹1,100 Cr (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Endurance Technologies Q2 FY27 Results: Net Profit ₹274.3 Cr, Up 20.7% YoY
Endurance Technologies Ltd reported revenue from operations of ₹4,786 Cr (+33.6% YoY) and net profit of ₹274.3 Cr (+20.7% YoY) for Q2 FY27.
- Key figure
- Net profit ₹274.3 Cr · +20.7% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Targeting 45% turnover from 4W, Non-auto, and EV by FY30. Commissioning new R&D facilities in India.
Growth they described
FY26 Consolidated Revenue grew to INR 14,720 Cr; EBITDA reached INR 2,090 Cr (14.2% margin).
Call details
| Company | Endurance Technologies Ltd |
|---|---|
| NSE symbol | ENDURANCE |
| ISIN | INE913H01037 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 4 November 2026 |
| Time | 11:00 AM IST |
| Length | 1 h 3 min |
| Audio | Our stream on YouTube ↗ |
Endurance Technologies Ltd: key numbers
- Share price
- ₹2,502.70
- Market cap
- ₹35,204 Cr
- Revenue (annual)
- ₹14,596 Cr
- Net profit (annual)
- ₹951.7 Cr
- P/E (TTM)
- 34.6×Sector 31.7×
- Promoter holding
- 75.00%+0.00% QoQ
- FII holding
- 12.07%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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