Endurance Technologies Q2: Net profit up 21%, revenue climbs 34% on strong auto demand
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Endurance Technologies Ltd on Tuesday (November 3) reported a 20.7% net profit rise to ₹274.3 crore.
- ✓Revenue grew 33.6% to ₹4,786.2 crore, driven by strong two-wheeler demand.
- ✓Managing Director Anurang Jain said, "We expect an increasing trend in profitability." The company now plans to use softening raw material prices to boost future growth.
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Strong domestic two-wheeler demand and expanding European casting operations fueled double-digit revenue growth, even as operating margins faced cost pressures. Discover how management plans to leverage softening raw material prices and recent acquisitions to lift upcoming profitability.
Auto component maker Endurance Technologies Ltd on Tuesday (November 3) reported a 20.7% year-on-year (YoY) increase in net profit to ₹274.3 crore for the second quarter, compared with ₹227.3 crore in the corresponding quarter last year.
Revenue grew 33.6% YoY to ₹4,786.2 crore from ₹3,582.8 crore in the year-ago period.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 17.2% to ₹559 crore from ₹477 crore. However, EBITDA margin contracted to 11.7% from 13.3% in the corresponding quarter last year, a decline of 160 basis points.
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