Endurance Technologies Limited has informed the Exchange about Transcript.
ENDURANCE · price
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Endurance Technologies reported Q1 FY26 standalone total income of ₹2,351 crores, up 10.1% year-on-year, while consolidated revenue grew 17.3% to ₹3,355 crores. Consolidated EBITDA rose 17.5% to ₹480 crores with margins flat at 14.3%, though standalone EBITDA margins fell 0.5% due to commodity inflation passing through. Management highlighted a 10x growth opportunity from upcoming Indian regulations mandating ABS for 2W above 50cc from January 2026, with capacity set to expand from 640,000 to 3 million units. The company won ₹252 crores of new India orders in Q1 (excluding ₹300 crores battery pack LOI), holds ₹3,225 crores of RFQs, and completed the remaining 38.5% Maxwell acquisition (now 100% owned). FY26 CAPEX may cross ₹800 crores in India, with Europe CAPEX guided at €20-25 million versus €51 million last year.
The ABS regulatory tailwind and growing order pipeline point to strong multi-year growth potential, but near-term margin pressure from commodity costs and elevated CAPEX may weigh on returns. Key catalysts to watch are confirmation of ABS implementation timelines and the ramp-up of new ABS, disc brake, and battery pack capacities over the next 2-3 quarters.