Endurance Technologies Limited
BSE: 540153 | NSE: ENDURANCE
Sector: Automobile | Industry: Auto Component
ABOUT COMPANY
Endurance Technologies Limited (hereinafter as “Endurance“ or “The Company”) was incorporated on December 27, 1999. It started its operations in 1985 with only two aluminium die-casting machines in small scale. The company was founded by Mr. Anurang Jain.
Endurance is one of the leading automotive (such as two, three, and four-wheeler vehicles) parts supplier with complete capability of design, development and manufacturing. The company has significance presence in India as well as in Europe (Italy and Germany). In India, Endurance caters the demands of OEMs through products such as aluminium die-casting, suspension, transmission, braking systems, and embedded electronic products (such as Battery Management Systems). In Europe, it manufactures aluminium die-casting components for major OEMs. It also served to the aftermarket. Moreover, they have acquired Maxwell Energy System – a wholly-owned subsidiary – for their battery management system.
Earning Calls Summary
Q1 Revenue Surges 36%; Commodity Headwinds Impact Margins
Management opened noting a mixed picture with steady domestic economy against a more challenging global environment. Prolonged West Asia conflict kept energy prices elevated, while the RBI held repo rate at 5.25%. India's two-wheeler sales grew 23.6% YoY in Q1, with the company outperforming industry.
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