In This Article:
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Standalone Revenue: INR21.9 billion, year-on-year growth of 9.2%.
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Consolidated Revenue: INR28.8 billion, year-on-year growth of 11.3%.
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Standalone Profit After Tax: INR1.57 billion, growth of 18.5%.
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Consolidated Profit After Tax: INR1.84 billion, growth of 21.1%.
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European Subsidiaries Revenue Growth: 21.2% year-on-year in Q3.
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European Subsidiaries EBITDA Growth: 26.7% year-on-year in Q3.
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EPS Growth: From INR23.48 in FY17 to INR48.38 in FY24; trailing 12 months EPS at INR56.97.
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New Orders in Europe: EUR12.4 million, including large orders from Volkswagen and BMW.
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Stephane Acquisition Impact: Expected EUR80 million in sales and EUR15-16 million in EBITDA.
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Sales to Electric Vehicles in Q3 FY25: INR722 million, about 3.5% of total sales.
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New Orders for Electric Vehicles: INR9,631 million since FY22.
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Business Wins in FY25: INR7,806 million, with 50% for electric vehicles and 40% for four-wheelers.
Release Date: February 13, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Endurance Technologies Ltd (BOM:540153) reported a year-on-year revenue growth of 9.2% for the standalone company and 11.3% for the consolidated company.
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The company's European subsidiaries achieved a 16.1% revenue growth and a 22.1% EBITDA growth despite a challenging market environment.
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Endurance Technologies Ltd (BOM:540153) has successfully acquired Staple in Germany, which is expected to add EUR80 million in sales and EUR15-16 million in EBITDA.
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The company has won significant new orders, including INR7,806 million of business excluding Bajaj Auto, with 50% of these orders for electric vehicles.
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Endurance Technologies Ltd (BOM:540153) is making progress on its AURIC Shendra four-wheeler casting plant, which will be a landmark in the Indian diecasting industry with advanced sustainability features.
Negative Points
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The GDP growth for FY25 is expected to decline to 6.4% from last year's 8.2%, indicating a potential economic slowdown.
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The two-wheeler industry sales growth was modest at 7% in Q3 FY25, with three-wheelers growing only 0.7% compared to the previous year.
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Certain entities of KTM, an important customer, have filed for financial restructuring, which could impact future operations.
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Endurance Technologies Ltd (BOM:540153) faces challenges in the European market due to high energy costs and inflationary pressures.
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The company's expansion into four-wheeler suspension and braking systems is still in the early stages, with significant investments and development required before realizing returns.