Endurance Technologies reported a robust 35.9% year-on-year increase in standalone total income for Q1 FY27, reaching ₹3,194.15 crore. EBITDA grew by 17.1% to ₹357.78 crore. The company also highlighted new order wins and capacity expansions across various product segments, including automotive components and non-automotive products, indicating strong growth prospects.
Strong Q1 FY27 Financial Performance
Endurance Technologies announced its financial results for the first quarter of FY27 (ending June 30, 2026), showcasing a substantial year-on-year growth. The company’s standalone total income surged by 35.9%, reaching ₹3,194.15 crore, up from ₹2,350.7 crore in the prior year’s quarter. EBITDA saw a healthy increase of 17.1%, climbing to ₹357.78 crore from ₹305.61 crore, with an improved margin of 11.2%. Profit After Tax (PAT) also grew by 17.4%, amounting to ₹194.62 crore compared to ₹165.82 crore in Q1 FY26, representing a PAT margin of 6.1%.
Consolidated Financial Highlights
On a consolidated basis, Endurance Technologies reported a 29.6% growth in total income, totaling ₹4,348.28 crore for Q1 FY27. Consolidated EBITDA rose by 18.7% to ₹569.21 crore, with a margin of 13.1%. Consolidated PAT increased by 8% to ₹244.52 crore, achieving a 5.6% PAT margin. Notably, subsidiary Maxwell achieved profitability for the first time, with an 85% growth in total income to ₹56.52 crore.
Key Business and Product Developments
The company detailed significant progress across its product lines. In the automotive sector, Endurance is expanding ABS capacity, with SOP for dual-channel ABS expected soon, and also progressing with brake assembly and disc production lines. The company is also enhancing its 4W casting operations and has secured new orders from Hyundai, Kia, Isuzu, and a large USA EV OEM. New KTM brakes technology has commenced SOP, and capacity is being added for Hero MotoCorp and TVS. Furthermore, new investments are being made in SMT lines for electronic control units and Battery Management Systems. The non-automotive segment is seeing progress with solar damper and actuator plants, and entry into 4W battery packs.
Market Performance and Outlook
Endurance highlighted strong performance in the Indian automotive sector, with significant growth in two-wheeler and passenger vehicle sales. In Europe, despite a challenging environment, the company reported a turnover of €104.3 million and EBITDA of €18.9 million for the quarter. The company continues to focus on proprietary products, greenfield projects, and M&A opportunities to drive margin growth. Electric vehicle sales in India showed substantial growth, increasing by 87.6%.
Capex and ESG Initiatives
Capex investments are targeted towards automation to enhance quality and efficiency, with FY27 capex expected to be similar to FY26 at around ₹800 crore. The company also noted an increased incentive from the Maharashtra Package Scheme of Incentives, raising it from ₹600 crore to ₹858 crore. Endurance’s commitment to ESG was recognized with a CRISIL ESG rating upgrade to a strong score of 68.
Source: BSE
