Endurance Technologies (ENDURANCE) Q4 24/25 earnings summary

Executive summary

• India's economic growth is projected at 6.5% for FY2025, supporting strong industrial production and consumption.

• Consolidated total income grew 13.1% year-over-year to ₹116.78B in FY25, with robust growth across India, Europe, and Maxwell segments.

• EBITDA increased 18% year-over-year to ₹16.68B, with margin improvement in both standalone and European operations.

• PAT rose 22.9% year-over-year to ₹8.36B, reflecting robust operational performance and margin expansion.

• Dividend of Rs. 10 per equity share (100%) recommended for FY 2024-25, subject to shareholder approval.

Financial highlights

• Standalone total income for FY2025 grew 12.5% to INR 89.1 billion; consolidated total income rose 13.1% to INR 116.8 billion.

• Standalone and consolidated profit after tax for FY2025 were INR 6.79 billion and INR 8.36 billion, respectively.

• Q4 FY2025 standalone and consolidated total income grew 8.4% and 10.6% year-on-year, respectively.

• Standalone EPS for FY 2024-25 was Rs. 48.25; consolidated EPS was Rs. 59.46.

• European business posted 15.4% year-on-year growth in FY2025 and 20.9% EBITDA growth.

Outlook and guidance

• Strong growth expected from new EV and non-auto product lines, with significant SOPs in FY2026 and FY2027.

• Order book expected to grow with ₹34B of RFQs under discussion in India.

• Transition to EV/Hybrid in Europe expected to reduce ICE revenue share to 25% by FY28.

• Aftermarket segment targets 10% share by FY28.

• The Board has proposed a dividend payout, indicating confidence in future cash flows and profitability.