Endurance Technologies Q1 Results Total Revenue ₹2,825.50 crores & Net Income ₹203.86 crores

Endurance Technologies Quarterly Overview

Endurance Technologies Q1 Results: Endurance Technologies reported its Q1 results for June 2024, showing important financial details. The total revenue for this quarter was ₹2,825.50 crores, which is an increase of 5.24% compared to the previous quarter (QoQ) of ₹2,234.34 crores. Year-over-year (YoY), the revenue also grew by 15.33% from ₹2,449.96 crores in June 2023. Selling, general, and administrative expenses were ₹250.16 crores, up 10.28% QoQ from ₹209.15 crores and increased by 14.37% YoY from ₹218.73 crores. Other operating expenses reached ₹575.27 crores, which is a rise of 7.07% QoQ and 24.66% YoY compared to ₹461.47 crores last year.

Endurance Technologies’ Total operating expenses were ₹2,580.18 crores, showing a 6.46% increase QoQ and a 15.10% increase YoY from ₹2,241.64 crores. Operating income dropped by 6.07% QoQ to ₹245.32 crores but increased by 17.76% YoY from ₹208.32 crores. Net income was ₹203.86 crores, reflecting a 3.00% decline QoQ but a significant YoY rise of 24.68% from ₹163.50 crores. Finally, diluted normalized EPS was ₹14.49, down 3.01% QoQ but up 24.70% YoY from ₹11.62. Overall, the results show strong year-over-year growth despite some quarterly challenges.

Here’s a summary of Endurance Technologies' Q1 results for June 2024, in very simple English and table format:

Source: Here 

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Endurance Technologies Q1 Results

The Endurance Technologies financial results table shows the company’s performance for the quarter ending June 30, 2024. The total revenue from operations was approximately ₹21,203.97 million, which is higher than the ₹18,253.68 million from the same quarter last year. This increase indicates that the company is selling more products or services. Other income, which includes different sources of revenue, added about ₹142.16 million, leading to a total income of ₹21,346.13 million.

Endurance Technologies spent ₹19,161.01 million. The largest expense was the cost of materials consumed, which was about ₹13,902.84 million. This expense shows how much it costs to produce the goods they sell. After subtracting expenses from total income, the profit before tax was ₹2,185.12 million. The company then paid taxes, which totaled ₹556.50 million. After taxes, the profit for the period was ₹1,628.62 million.

Endurance Technologies had an item in other comprehensive income showing a loss of ₹79.09 million, leading to a total comprehensive income of ₹1,549.53 million. Lastly, the earnings per share (EPS) for shareholders was ₹11.58, indicating how much profit each share earned during this period. Overall, the results show a positive growth trend for Endurance Technologies.

Here’s a simplified summary of the standalone unaudited financial results for Endurance for the quarter ended June 30, 2024:

(in million)

Endurance Technologies Financial Metrics

Endurance Technologies is a company with a market capitalization of ₹34,581 crore, meaning it is valued at this amount in the stock market. The current share price is ₹2,458, which can fluctuate between a high of ₹3,061 and a low of ₹1,525. The company's price-to-earnings (P/E) ratio is 48.0, indicating how much investors are willing to pay for each unit of earnings. Its book value is ₹354, which represents the company's net asset value per share. With a dividend yield of 0.35%, investors earn a small return from dividends. 

Here’s a simplified summary of the provided financial data:

Quarterly Results 

Here’s the table for the specified quarters (Dec 2023, Mar 2024, Jun 2024) with the particulars:

(Consolidated Figures in Rs. Crores)

About Endurance Technologies 

Endurance Technologies is a company that specializes in manufacturing high-quality automotive components. Founded in 1985, it started with just two aluminum die-casting machines and has grown significantly over the years. Today, the company operates 32 manufacturing plants in three countries and exports products to more than 38 countries. Endurance focuses on quality, cost, and innovation to provide reliable solutions for its customers.

Endurance Technologies' mission is to be a trusted partner by ensuring product safety and sustainability. With a strong commitment to excellence, Endurance Technologies aims to create value for all its stakeholders.