Conference Call with Endurance Technologies Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Auto Parts & Equipment company Endurance Technologies announced Q2FY25 results Standalone Financial Highlights: Standalone Total Income Incl Other Income: Rs 23,171 million compared to Rs 19,843 during Q2FY24, change 16.8%. EBITDA Rs 3,161 million compared to Rs 2,584 million during Q2FY24, change 22.3%. EBITDA margin: 13.6% for Q2FY25. PBT Rs 2,429 million compared to Rs 1924 million during Q2FY24, change 26.2%. PAT Rs 1,848 million compared to Rs 1425 million during Q2FY24, change 29.7%. PAT margin: 8.0% for Q2FY25. Consolidated Financial Highlights: Standalone Total Income Incl Other Income: Rs 29,392 million compared to Rs 25,605 during Q2FY24, change 14.8%. EBITDA Rs 4 085 million compared to Rs 3 338 million during Q2FY24, change 22.4%. EBITDA margin: 13.9% for Q2FY25. PBT Rs 2 658 million compared to Rs 2 056 million during Q2FY24, change 29.3%. PAT Rs 2,030 million compared to Rs 1,546 million during Q2FY24, change 31.3%. PAT margin: 6.9% for Q2FY25. Anurang Jain, Managing Director of the Company said: "Two-wheeler sales volumes for Indian OEMs grew 13.1 % YoY in Q2FY25; three-wheeler growth stood at 4.9%. Passenger vehicle volumes recorded marginal de-growth in India, while Europe new car registrations degrew 7.8%. Endurance outperformed industry by recording topline growth of 16.8% in the standalone business and 6.4% in Euro terms in Europe. In both geographies, we have grown with higher operating margins. Our growth strategy is built on two pillars - building on core strengths and tapping oppurtunities in new areas. Our core strengths are in our traditional products of machined aluminium castings, suspensions, brakes and transmissions, and in strong relationships with our top customers. We augment our strengths here through more premium offerings to cater to higher cc vehicles, addition of sophisticated machining lines in our 4W casting operations, and gaining competitive advantage by deploying advanced process technology, backward integration and scale. We offer our products to suit the technologies that our key customers in India and Europe want to offer to riders, and thereby gain market share. Further, in the aftermarket, we strengthen our distribution network and launch new products. On the other hand, tapping new opportunities involves addressing needs of customers where our presence is limited. We also strengthen our presence in new product areas through technology arrangements as in the case of ABS and aluminium forgings, M&A; as in the case of BMS, and internal development as in the case of driveshafts. We will continue to invest judiciously on both these pillars of growth. Currently, we are investing in two greenfield projects in India, several brownfield expansions in India and Europe, backward integration projects, green energy and a brand new R&D; center for Suspensions. We continue to engage with counterparties and intermediaries to pursue technology tie-ups and acquisitions." Result PDF
Conference Call with Endurance Technologies Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.