Endurance Technologies Ltd Q1 FY26 Results

Two-wheeler sales volumes of Indian OEMs in QIFY26 stood at 5.8 million units, a YOY decline of 1.6%. Our standalone business topline has again fared better with a growth of 10.1%. Our European operations topline has grown 28.5% in Euro terms. Even if we remove the impact of the Stoferle acquisition, our Total Income grew 0.6% despite the European new car registrations declining 1.8%. Businesses worldwide are currently facing uncertainties with regard to trade barriers, rare earth magnet supplies, inflation and end-user demand. Very recently, challenges faced included the pandemic, wars, chip shortages and energy price hikes. Individual businesses like ours cannot change the course of these events. We instead focus on building strength and diversity in our own business. Today, we serve multiple OEMs across India and Europe. Our products go into ICE and electric vehicles. In India, we are strong in 2-wheeler and 3-wheeler end use, and are focused on growing our presence in 4-wheeler segment, which is already our area of strength in Europe. We are also adding new products to our portfolio. While the markets look indecisive, we have maintained a sharp focus on ensuring that we remain on the path of profitable growth. Our overseas subsidiary has completed the acquisition of St6ferle entities. In India, we are in different stages of planning and construction of five manufacturing facilities — Shendra Castings, Bidkin Alloy Wheels, Battery Pack, Brakes expansion and Forgings expansion. The recent announcement mandating Anti-Lock Braking systems in all 2-wheelers provides further tailwind to our growth plans.