Q2 2025 Endurance Technologies Ltd Earnings Call Transcript
Key Points
- Endurance Technologies Ltd (BOM:540153) reported a strong financial performance with a 16.8% year-on-year growth in standalone total income and a 29.7% increase in net profits.
- The company is expanding its operations with new factories for four-wheeler aluminum castings and two-wheeler alloy wheels, which are expected to significantly contribute to future growth.
- Sales to electric vehicle two-wheelers have almost doubled, showcasing a strong CAGR growth of 236% over the last 3.5 years.
- The company's braking segment has shown robust improvement, with total income doubling in two years and plans to expand further with new ABS products.
- Endurance Technologies Ltd (BOM:540153) is making strides in sustainability, aiming to reach a carbon neutral percentage of more than 50% by FY30.
- The four-wheeler market in India and Europe showed weak performance, with passenger vehicle volumes dropping by 1% in India.
- The company faces challenges in fully utilizing its suspension plant capacities, although improvements are underway.
- Operating expenses increased by 20% year-on-year, impacting the potential for greater margin expansion despite revenue growth.
- The European market is experiencing a decline in vehicle registrations, although Endurance Technologies Ltd (BOM:540153) has managed to grow its market share.
- There is uncertainty regarding the timing and recognition of incentives under the new mega project scheme, which could impact financials in FY26.
Okay, ladies and gentlemen, good day, and welcome to the Endurance Technologies Limited, Q2 FY25 earnings conference call hosted by Axis Capital Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Nishit Jalan from Axis Capital. Thank you and over to you, sir.
Thank you [Del]. Good morning, everyone. Welcome to Q2 FY25 post results conference call of Endurance Technologies. We are pleased to host an entire management team of Endurance. We have with us, Mr. Anurang Jain, Managing Director; Mr. Massimo Venuti, Director, and CEO Endurance Overseas; Mr. Rajendra Abhange, Director and COO; Mr. Rajagopal Sastry, Group CFO; and Mr. Raj Mundra, Treasurer and Investor Relations. I'll hand over the call to Mr. Anurang for his opening comments, post which we can start with the Q&A. Over to you, Mr. Anurang.
Thanks a lot. Good
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