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.
H1
For the half year ended September 2026, Endurance Technologies reported a 31.6% year-on-year (YoY) increase in consolidated total income, including other income. Standalone total income, representing the India business, grew 37.9% during the period.
Indian operations, including Maxwell, contributed 76% of consolidated total income, including other income, while the balance came from European operations.
Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) margin stood at 12.6%, compared with 14% in the corresponding period last year. Consolidated profit after tax (PAT) increased 14.4% YoY to ₹519 crore.
Aftermarket sales from Indian operations stood at ₹303 crore, compared with ₹243 crore in the corresponding period last year. Consolidated basic and diluted earnings per share (EPS) for the period stood at ₹36.88 (not annualised), compared with ₹32.25 (not annualised) in the year-ago period.
Anurang Jain, Managing Director, said, “During Q2 FY27, the Indian automotive market recorded healthy growth, with two-wheeler sales volumes rising 18% year-on-year, three-wheelers 27% and passenger vehicles 24%. Against this backdrop, Endurance recorded 40% growth in standalone topline and 18% growth in absolute EBITDA.
With expected softening of aluminium prices, improved pass-through of higher costs, ramping up of new plants, and the fruits of our efforts on cost management and operational efficiency, we expect an increasing trend in profitability.
In India, commissioning of the AURIC Shendra plant marks progress in converting orders into advanced manufacturing operations deploying high-end technology. It will produce aluminium die-casting components for Indian and global four-wheeler OEMs across EV and ICE platforms, as well as non-automotive applications.
We also commenced supplies of dual-channel ABS during the quarter, expanding our braking systems portfolio. Our battery pack plant, which commenced two-wheeler battery pack production in Q1 FY27, is fast ramping up.
In Europe, new car registrations in Q2 grew 5.6% year-on-year, with a major share of the growth coming from Chinese OEMs. Our revenue in Euro terms also grew 5.6%. In the next quarter, our results in Europe will be further strengthened by Fondalpress, which we acquired in October 2026.
Fondalpress strengthens our European aluminium casting and machining capabilities and offers a track record of generating profitable revenue, best-in-class quality and factory management processes with significant scope for further expansion.
We are strengthening our European operations through organic growth and selective acquisitions. During the quarter, we accelerated the acquisition of Stoferle’s remaining 32% stake, taking our ownership to 100%, and acquired Fondalpress in Italy, enhancing our aluminium casting and machining capabilities. These developments strengthen our European manufacturing base and create opportunities for operational integration.”
Shares of Endurance Technologies Ltd ended at ₹2,408.55, up by ₹58.55, or 2.49%, on the BSE.