Endurance Technologies has reported its audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results at its meeting held on May 14, 2026, and recommended a dividend of ₹11.50 per equity share of face value ₹10 each (115%) for FY 2025-26. The company also announced the appointment of Mr. Indrajit Banerjee as Chairman of the Board with effect from June 10, 2026, consequent upon the conclusion of the tenure of Mr. Soumendra Basu as Chairman on June 9, 2026.

Consolidated Financial Performance

For the full year, the company achieved its best-ever standalone and consolidated topline and bottomline. Consolidated Total Income including Other Income rose by 26.1% to ₹14,720 crore, while Profit After Tax (PAT) increased by 13.8% to ₹952 crore. Consolidated EBITDA for the year stood at ₹2,090 crore, a growth of 25.3% year-on-year. The following table summarises the consolidated financial performance:

On a quarterly basis, Q4 EBITDA stood at 5.68B rupees compared to 4.22B rupees in the same period of the previous year, with the EBITDA margin at 13.90% versus 14.26% year-on-year.

Standalone Financial Performance

On a standalone basis, Total Income for the year grew by 20.0% to ₹10,695.99 crore, with PAT reaching ₹733.83 crore, an increase of 8.1% over the previous year. Revenue from operations stood at ₹10,640.18 crore for the full year. The standalone Basic & Diluted EPS for the year was ₹52.17 compared to ₹48.25 in the previous year.

Balance Sheet Highlights

On a consolidated basis, total assets stood at ₹11,627.39 crore as at March 31, 2026, compared to ₹9,139.28 crore in the previous year. Total equity increased to ₹6,840.82 crore from ₹5,717.41 crore. On a standalone basis, total assets were ₹6,196.08 crore against ₹5,395.90 crore previously, with standalone equity at ₹4,940.75 crore.

Cash Flow Summary

Consolidated net cash flows from operating activities for the year were ₹1,850.72 crore, compared to ₹1,531.69 crore in the previous year. Net cash used in investing activities was ₹1,816.23 crore, largely reflecting capital expenditure of ₹1,295.81 crore and acquisition of a subsidiary amounting to ₹350.06 crore. On a standalone basis, net cash from operating activities was ₹895.64 crore, while net cash used in investing activities was ₹804.55 crore.

Operational Highlights

Indian operations contributed 73% of Consolidated Total Income. The European business reported a 29% growth in Total Income, largely driven by the Stöferle acquisition. Endurance Overseas SpA, Italy, completed the acquisition of a 60% stake in Stöferle Automotive GmbH and Stöferle GmbH, Germany, for €37.74 million, with the transaction completed on April 2, 2025. The Group recognised Goodwill of €32.30 million on this acquisition. The SPA also includes call and put options for the remaining 40% stake, exercisable over five years from June 2026. Additionally, the company acquired the remaining 38.50% stake in Maxwell Energy Systems Private Limited for a total cash consideration of ₹7.50 crore, making it a wholly-owned subsidiary. Aftermarket sales from Indian operations increased to ₹575 crore from ₹506 crore in the previous year.

Corporate Developments

The Board appointed Mr. Indrajit Banerjee, Independent Director, as Chairman of the Board with effect from June 10, 2026. Mr. Banerjee has a career spanning more than 40 years, having served as Chief Financial Officer/Executive Director at Ranbaxy, Lupin, Cairn India, and Indian Aluminium Company Limited, with expertise spanning finance, strategy, mergers and acquisitions, and general management. The Twenty Seventh Annual General Meeting of the Company is scheduled for August 13, 2026. The Register of Members and Share Transfer Books will remain closed from August 1, 2026 to August 13, 2026 for determining shareholders entitled to receive the dividend. The Record Date for dividend entitlement has been fixed as July 31, 2026, and the dividend, if declared, shall be paid on or before September 12, 2026. The Cut-off Date for e-voting eligibility has been fixed as August 6, 2026.

Management Commentary

Managing Director Mr. Anurang Jain noted that despite geopolitical and supply chain uncertainties, the company navigated the challenging environment through cost-control measures and pricing discussions. He highlighted that Total Income growth in India was higher than the industry two-wheeler volume growth. The company expects trade agreements and new order wins to aid profitable growth going forward.

Endurance Technologies Limited has completed the publication of its postal ballot notice in newspapers on April 30, 2026, as part of the regulatory compliance process for seeking shareholder approval for the re-appointment of Mr. Anant Talaulicar as Independent Director.

Newspaper Publication and Regulatory Compliance

The company published the postal ballot advertisement in Financial Express (English) and Loksatta (Marathi) newspapers on April 30, 2026, fulfilling requirements under Regulations 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice has been made available on the company's website at www.endurancegroup.com .

Postal Ballot Process Timeline

The postal ballot follows a comprehensive timeline with specific milestones for shareholder participation:

The company has engaged National Securities Depository Limited (NSDL) to provide the remote e-voting facility. Mrs. Sarika Kulkarni, Practicing Company Secretary, has been appointed as the Scrutiniser to conduct the postal ballot process.

Director Re-appointment Details

Mr. Anant Talaulicar (DIN: 00031051) is proposed for re-appointment as Independent Director for a second term of five consecutive years, commencing from July 12, 2026 and concluding on July 11, 2031.

Professional Background and Expertise

Mr. Talaulicar brings extensive experience from his tenure with the Cummins Group, spanning nearly four decades in various leadership positions across the United States and India. His educational qualifications include Master's degrees in Mechanical Engineering from University of Michigan, USA, and Business Administration from Tulane University, Louisiana, USA, along with a Bachelor's degree in Mechanical Engineering from Mysore University, India.

Current Directorships and Remuneration

Mr. Talaulicar currently serves as Independent Director on the boards of several listed companies including The Hi-Tech Gears Limited, India Nippon Electricals Limited, Everest Industries Limited, and KPIT Technologies Limited. His remuneration structure includes commission and sitting fees for Board and Committee meeting attendance.

Voting Process and Shareholder Eligibility

Shareholders whose names appear in the Register of Members or Register of Beneficial Owners as of the cut-off date of April 24, 2026 are eligible to participate in the postal ballot. The voting will be conducted exclusively through remote e-voting, with no physical ballot papers being dispatched. The resolution requires approval as a Special Resolution from the shareholders.