Endurance Technologies Ltd Q3 FY26 Results

Two-wheeler sales volumes for Indian OEMs grew 18.2% YOY in Q3FY26; while passenger vehicle volumes recorded a 19.2% YOY growth. Endurance standalone Total Income grew ahead of market at 22.2%. Market growth was on account of improved affordability following the GST rationalisation, which continues to aid demand growth even after the festive season. An average end-user has become increasingly discerning, with preference for safer and more premium offerings. Consequently, OEMs are expanding feature content across both ICE and electric platforms. We are well positioned to benefit from this shift through our strong presence in safety-critical categories such as disc brake systems and ABS, and in premium products such as Inverted Front Forks and Assist and Slip Clutches. Alongside our established leadership in two-wheelers, we are focused on expanding our presence in four-wheeler programmes and non-automotive applications, and a large part of our new orders won this year are for these applications. In Europe, new car registrations during the quarter grew at 4.6% YOY, while our revenue growth in Euro terms was at 21%. The acquisition of Stéferle, which was consummated at the start of this financial year, has not only helped us to grow our business but also to diversify our customer base and strengthen our machining capabilities. Efforts are underway to identify more such inorganic opportunities, both in India and Europe. In our Indian operations, significant efforts are underway to cross key growth milestones in FY27. These target milestones include full utilisation of our newly commissioned Bidkin plant, start of commercial production at our new facilities at Mindewadi near Pune, Shendra, Chennai, G45 Waluj and also expansions in Sanand and ABS facilities.