Endurance Technologies Ltd.Income +35.9%, EBITDA +17.1%

Endurance Technologies reported Q1 FY27 standalone total income of ₹3,194 Cr, up 35.9%, but EBITDA grew only 17.1% to ₹358 Cr, a margin of 11.2%, because raw material cost rose to 68.4% of income from 64.8% and most commodity increases are passed on to customers with a lag.

Excluding that pass-through, management put the margin at 13.33%. Standalone profit after tax was ₹195 Cr, up 17.4%, and consolidated profit after tax rose 8% to ₹245 Cr. Management said it paid more than ₹300 Cr of commodity increases upfront, still ended with net cash of ₹416 Cr, and expects a better Q2 and Q3 as raw material, aluminium and conversion cost settlements come through. India order wins were ₹392 Cr, with ₹4,526 Cr of quotes pending, and four-wheeler castings at Shendra have booked ₹513 Cr of annual peak business.

Europe turnover rose 1.1% to €104.3 million, while net result fell on higher depreciation. Maxwell turned profit after tax positive for the first time, and India capex is guided at about ₹800 Cr.