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Revenue
₹3,319 Cr
verified against source
Revenue YoY
17.3%
reported change
EBITDA
₹480 Cr
latest reported figure
Source
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record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Endurance Technologies reported a strong Q1 FY26 with consolidated revenue of ₹3,355 crore (+17.3% YoY) and EBITDA of ₹480 crore (+17.5% YoY), maintaining margins at 14.3%. Growth was driven by content addition in brakes and suspension, price corrections for commodity inflation, and the Stephle acquisition in Europe. Standalone revenue grew 10.1% to ₹2,351 crore, but PAT margin dipped 50bps to 7.1% due to commodity pass-through and talent investments. The ABS regulatory mandate (effective Jan 2026) is a game-changer: Endurance plans to expand ABS capacity from 640k to 3 million units by March 2026, targeting 25% market share. New orders worth ₹252 crore were won, and cumulative order book stands at ₹4,950 crore. Key risks include potential 3-6 month delay in ABS regulation and European auto market uncertainty.
Colored figures show movement against the previous available record.
Guidance to track
- Adding 2.4 million units of ABS capacity (two lines) by March 2026, on top of current 640,000 units, to meet expected 10-fold demand from mandatory ABS regulation.
- Capex driven by Oric Shendra die-casting plant, alloy wheel plant, battery pack plant, and ABS expansion. Could go higher if ABS orders accelerate.
- Lower than prior year's €50 million due to market uncertainty; focus on inorganic growth opportunities.
- From current ~13-15% share, aiming for 25% of the estimated 16 million unit ABS market as regulation kicks in.
Risks flagged
- Management expects 3-6 month delay based on past experience; final notification awaited. Could push back revenue ramp.
- New car sales down 1.8% YoY; market waiting for government incentives (Green Deal). Europe capex being reduced due to uncertainty.
- Price corrections to compensate commodity inflation negatively impacted standalone EBITDA margins by 50bps. Further inflation could pressure margins.
- KTM export uptake lower than earlier years; management expects improvement with Bajaj control but no specific timeline.
Key quotes
- This is of course for endurance no it's a real game changer.
- We are a complete solution provider endurance we give the whole system.
- This is the only possibility to save and to survive and to uh increase and maintain our profitability.
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