Endurance Technologies Limited — Board Meeting, 15-05-2025: Outcome of Board Meeting

Endurance Technologies has announced a board meeting on approving consolidated financial results for the quarter and year ended March 31, 2025. Revenues jumped to Rs. 11,561 Cr (from Rs. 10,241 Cr), with profit after tax at Rs. 836 Cr, showcasing solid growth. The board proposed a Rs. 10 per share dividend. Key strategic actions include acquiring the remaining 38.5% stake in Maxwell Energy Systems for Rs. 7.5 Cr and a 60% buyout of Germany’s Stoferle Automotive GmbH for EUR 37.74 million, boosting their presence in automotive castings and CNC machinery. A voluntary separation scheme led to an exceptional charge of Rs. 14.2 Cr. J. B. Bhave & Co. was appointed as Secretarial Auditor for five years, subject to shareholder approval.