Endurance Technologies Ltd Q3 FY2025-26 Earnings Conference Call
•February 13, 2026
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Why It Matters
Endurance’s aggressive capacity build‑out and expanding EV component portfolio align with India’s accelerating automotive growth, promising stronger revenue streams and enhanced market share in a high‑margin segment.
Key Takeaways
- •India’s FY26 GDP forecast rises to 7.4%, boosting demand.
- •ABS mandate for 125cc two-wheelers expected to drive sales.
- •New SMT line and disc‑brake plant to increase capacity.
- •Maxwell subsidiary’s BMS turnover jumps to ₹114 crore, expanding EV portfolio.
- •Order wins total ₹1,283 crore, with ₹354 crore in Q3 alone.
Summary
Endurance Technologies Ltd held its Q3 FY26 earnings conference call, outlining a robust macro environment and a series of strategic initiatives. The company highlighted India’s revised FY26 real GDP growth estimate of 7.4%, stable inflation, and a recent RBI repo‑rate cut to 5.25%, which together underpin strong domestic consumption and investment. Automotive sector data showed two‑wheel sales up 18.2% YoY, passenger vehicles up 19.2%, and a notable 21% share of electric and hybrid cars in the EU market.
Management detailed several growth drivers: the pending ABS mandate for 125 cc and lower two‑wheelers, expected to generate incremental demand; the commissioning of a new surface‑mount technology (SMT) line and a disc‑brake plant in Chennai slated for Q1‑Q2 FY27, expanding capacity to 7.6 million brake assemblies annually; and the launch of an integrated R&D centre for brakes and ABS. The subsidiary Maxwell recorded a record ₹114 crore turnover in the first nine months, supplying battery‑management systems to one in twelve Indian electric two‑wheelers and securing new orders worth ₹45 crore.
Specific order wins underscored the company’s diversification: total new business of ₹1,283 crore in FY26, with ₹354 crore booked in Q3 alone across four‑wheel castings, two‑wheel suspensions, and solar‑damper projects. Notable contracts include disc‑brake assemblies for Tata Motors, alloy‑wheel supply to Bajaj Auto, and a €388 crore electric‑vehicle casting deal with US and UK OEMs. The firm also secured a ₹57 crore wheel‑supply order from Suzuki and expanded its aluminium‑forging capacity with a new press slated for Q2 FY27.
The announcements signal a shift toward higher‑margin, premium components and a deeper foothold in the electric‑vehicle supply chain. Capacity expansions and R&D investments position Endurance to capture rising demand from both domestic and export markets, while the ABS mandate and favorable fiscal incentives should accelerate top‑line growth and improve earnings visibility through FY27 and beyond.
Original Description
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