Endurance Technologies Limited — Investor Meet, 18-02-2025: Analysts/Institutional Investor Meet/Con. Call Updates

**Financial Performance:** Endurance Technologies reported revenues of Rs. 21.9 billion for the standalone entity, a year-on-year increase of 9.2%. The company's consolidated revenues reached Rs. 28.8 billion, marking a growth of 11.3%. Profit after tax rose to Rs. 1.57 billion and Rs. 1.84 billion for standalone and consolidated results, representing growth of 18.5% and 21.1%, respectively. European operations displayed significant strength, achieving 21.2% revenue growth and 26.7% EBITDA growth amid market challenges.

**Future Outlook and Growth Drivers:** The company is optimistic about future growth, driven by strategic acquisitions including Stöferle, which will enhance product offerings and operational capabilities in Germany. Plans are in place to localize production and tap into the rising demand for electric vehicles (EVs) and advanced suspension technologies.

**Order Book and Operational Updates:** Endurance Technologies won business amounting to Rs. 7,806 million in FY25, with 50% of it linked to EVs. The AURIC Shendra plant is set to commence operations in June 2025, with orders secured for both traditional and electric four-wheeler applications totaling Rs. 2.2 billion. Significant emphasis is placed on expanding relationships with leading OEMs and enhancing capabilities in R&D and production.

**Analyst Q&A Insights:** Analysts inquired about revenue projections and operational challenges. Management expressed confidence in managing supply chain issues and emphasized effective cost control. Discussion highlighted the strong potential for expanding presence in the four-wheeler segment, especially through partnerships and new technologies.

**Market or Regulatory Updates:** The call underscored competitive dynamics in the European market, where Endurance has secured a foothold despite overall industry challenges. The acquisition of Stöferle is seen as a critical move to strengthen market positioning.

**Strategic Focus Areas:** Key themes include an aggressive push into EV technologies, a focus on market share expansion through strategic partnerships, and ongoing investments in R&D to foster innovation and cost competitiveness.

**Investor Insight:** Given the robust financial performance and strategic initiatives set to capitalize on emerging market opportunities, Endurance Technologies appears to be on a solid trajectory for growth. There’s a positive outlook on the company's potential, suggesting a favorable view for investors considering current market dynamics.