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Earnings Call

Endurance Technologies Earnings Call: Key Takeaways

Endurance reports record FY26 consolidated income of ₹14,720cr, up 26% YoY, driven by premiumization and European recovery. Strategy pivots toward 45% non-2W/3W revenue by FY30.

Highlights
Revenue growthFY26 Consolidated: ₹14,720cr; Standalone: ₹10,696cr. 10% CAGR (FY19-26).
MarginsEBITDA margin at 14.2%; PAT margin steady at 6.5%.
Order bookImpressive 4W, non-auto, and EV order book in Europe/India.
Demand visibilityPositive due to premiumization trend and new OEM alliances.
Management confidenceHigh; citing market outperformance and strong order book in Europe.

Growth

Consolidated Revenue FY26: ₹14,720cr (+26%); EBITDA: ₹2,090cr (+25.3%); PAT: ₹952cr (+13.9%). 7-year Revenue CAGR: 10.0%.

Outlook

Targeting 45% revenue from 4W/EV/Non-auto by FY30. Commissioning new R&D facilities for suspension and braking.

Risks

EU energy price volatility and slower-than-expected EV penetration in the 2W Indian domestic market.

Last quarter's promises, checked

Delivered

  • Guided SOP for dual channel ABS in March 2026 → delivered March 2026 (= BEAT)
  • Guided SOP for 4W driveshafts by March 2026 → delivered March 2026 (= BEAT)
  • Guided 100% capacity booking for AURIC Bidkin alloy wheel plant → delivered 100% booking (= BEAT)

Partly delivered

  • Guided FY26 India CAPEX ~₹800cr → delivered slightly less than ₹800cr (= PARTIAL)
  • Guided SOP for Battery Pack plant by March/April 2026 → delivered on track for April (= PARTIAL)

Missed

  • Guided UK-based OEM SOP for Q4 FY26 → delivered delayed to Q2 FY27 (= MISS)
Source

Earnings Call filed with NSE, NSE: ENDURANCE. Summary written with AI assistance from the document.

Read the document ↗

Endurance Technologies Ltd: key numbers

Share price
₹2,645.90
Market cap
₹37,218 Cr
Revenue (annual)
₹14,596 Cr
Net profit (annual)
₹951.7 Cr
P/E (TTM)
38.4×Sector 33.6×
Promoter holding
75.00%+0.00% QoQ
FII holding
12.69%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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