Endurance Technologies grows earnings despite market headwinds

Endurance Technologies (ENDURANCE.BO) reported a robust Q3 FY25, showcasing revenue growth of 9.2% YoY to Rs 21.9 billion for the standalone company, and 11.3% to Rs 28.8 billion on a consolidated basis. Profit after tax increased 18.5% and 21.1% respectively, reaching Rs 1.57 billion and Rs 1.84 billion. European subsidiaries showed impressive growth with revenue up 21.2% and EBITDA up 26.7%. The company highlighted its acquisition of Stöferle, a German transmission component maker, expecting EUR 80 million in sales and EUR 15-16 million in EBITDA. Endurance has also secured significant new business in India, including orders for its AURIC Shendra plant. In the electric vehicle segment, the company has won orders amounting to Rs 9.63 billion.