Date: 13th August, 2026

Financial Performance Summary

Consolidated Financial Results (Q1 FY26-27 vs Q1 FY25-26)

| Particulars | Q1 FY26-27 (₹ Crore) | Q1 FY25-26 (₹ Crore) | % Change |

| Total Income Including Other Income | 4,348 | 3,355 | 29.6% |

| EBITDA | 569 | 480 | 18.7% |

| EBITDA % | 13.1% | 14.3% | |

| PBT (before exceptional items) | 330 | 302 | 9.5% |

| Exceptional Items | - | - | |

| PBT (after exceptional items) | 330 | 302 | 9.5% |

| PAT | 245 | 226 | 8.0% |

| PAT % | 5.6% | 6.7% | |

Standalone Financial Results (Q1 FY26-27 vs Q1 FY25-26)

| Particulars | Q1 FY26-27 (₹ Crore) | Q1 FY25-26 (₹ Crore) | % Change |

| Total Income Including Other Income | 3,194 | 2,351 | 35.9% |

| EBITDA | 358 | 306 | 17.1% |

| EBITDA % | 11.2% | 13.0% | |

| PBT (before exceptional items) | 260 | 223 | 16.9% |

| Exceptional Items | - | - | |

| PBT (after exceptional items) | 260 | 223 | 16.9% |

| PAT | 195 | 166 | 17.4% |

| PAT % | 6.1% | 7.1% | |

Performance Highlights

  • Consolidated Total Income including Other Income increased by 29.6% year-over-year
  • Standalone Total Income grew significantly by 35.9% year-over-year
  • 73.7% of Consolidated Total Income came from Indian operations including Maxwell, with the balance from European operations
  • Consolidated EBITDA margin declined to 13.1% from 14.3% in Q1 FY26, primarily due to lower margins in the standalone entity attributed to higher commodity prices
  • Despite pass-through of major cost elements, commodity price increases adversely impacted percentage margins
  • Aftermarket sales from Indian operations increased by 11.1% to ₹125 crore compared to ₹112 crore in the corresponding quarter of last year
  • Consolidated Basic and Diluted EPS stood at ₹17.38 per share (not annualized) compared to ₹16.09 per share (not annualized) in the corresponding quarter of last year

Management Commentary

Mr. Anurang Jain, Managing Director, commented on the quarter's performance:

Q1 FY27 was described as "one of the most challenging quarters" due to raw material shortages and large increases in raw material and energy prices.

The Indian automotive market demonstrated resilience with:

  • Two-wheeler volumes growing 23.6% year-over-year
  • Passenger vehicle volumes growing 23.0% year-over-year

Endurance's standalone Total Income growth of 35.9% reflected market growth, higher raw material costs passed through, and ramp-up of sales against new orders.

Growth Outlook

The continuing strength in demand for new vehicles has prompted significant capacity expansions among major Indian two-wheeler and four-wheeler OEMs. Endurance expects to benefit from:

  • Established content on two-wheeler platforms
  • Deepening presence in four-wheelers
  • Pattern of business share growing with multiple OEMs

These expansions represent "a strong runway for our profitable growth" according to management. The company is positioned to participate actively in industry growth with:

  • Production facilities capabilities
  • Technical prowess
  • Financial strength
  • Management bandwidth

European Operations Update

In Europe, new car registrations improved across countries, growing 7.4% year-over-year. However, a significant part of this growth came from Chinese OEMs, whom Endurance currently does not serve.

European revenue in Euro terms grew 1%, largely in line with production trends of the company's customer base of marquee European OEMs.

European lawmakers are formulating rules for localized content to create a level playing ground for local manufacturers. The company will monitor these developments and diversify its customer portfolio to strengthen its position in the region.

Business Overview

Endurance is a leading automotive component manufacturer with operations in India and Europe (Italy and Germany).

In India, the company predominantly serves two and three-wheeler OEMs with products including:

  • Aluminium castings
  • Suspensions
  • Transmissions
  • Braking systems
  • Battery packs and battery management systems

In Europe, the company supplies aluminium castings to four-wheeler OEMs and serves the aftermarket for two-wheeler components.

The company operates 34 plants globally:

  • 21 plants in India
  • 5 plants in Germany
  • 8 plants in Italy

Additional capabilities include:

  • In-house tool room
  • 29-acre proving ground
  • 5 DSIR-approved R&D facilities in India
  • 2 technical centers in Italy