Reversal of tyre venture decision alleviates investor concerns Quarterly results buck the trend Endurance's Q1 numbers came in above street expectations with margins zooming beyond expectations despite topline showing softness. On the topline front, the domestic revenues showed a 3.5% yoy and 1.5% qoq growth. This positive growth came in despite the underlying auto industry declining significantly. Due to a strong order book and constant business coming from existing clients, mainly the 2W companies this growth was possible. Domestic margins went up by 450 bps yoy and 250 bps qoq on Maharashtra Government tax incentives of 70 cr In Q1, tight control on...