Endurance Technologies , a leading auto component manufacturer, reported a robust 16.2% year-on-year growth in standalone revenue for the second quarter of fiscal year 2026 (Q2 FY26). The company's standalone total income reached Rs. 2,692.2 crores, up from Rs. 2,317.1 crores in the same quarter last year. However, the company faced margin pressures due to increased raw material costs and strategic investments.

Financial Performance

Endurance Technologies' Q2 FY26 financial highlights include:

The company's EBITDA grew by 6.3% to Rs. 335.9 crores, but the EBITDA margin compressed by 110 basis points to 12.5%. This margin pressure was primarily attributed to increased aluminum prices, which constitute 55% of the company's total raw material purchases.

Strategic Investments and Expansion Plans

Endurance Technologies announced several strategic initiatives and expansion plans:

1. ABS Capacity Expansion: The company plans to increase its Anti-lock Braking System (ABS) capacity by 2.4 million units per annum, a five-fold increase from current levels.

2. New Chennai Plant: A new facility for disc brake systems is being set up in Chennai, with production expected to start in Q2 FY27.

3. R&D Facility: A new integrated R&D facility for brakes, double the size of the existing one, is set to be commissioned by Q4 FY26.

4. Aluminum Forging: The company has won export orders worth Rs. 5 crores per annum for new parts from a German OEM, with production starting in Q1 FY28.

5. Battery Pack Manufacturing: A new facility near Pune is expected to commence operations in January 2026, serving a leading 2W OEM in India.

New Business Wins

Endurance Technologies secured significant new business during H1 FY26:

• Total order wins in India business: Rs. 909 crores per annum
• New business in 4W segment: Rs. 355.8 crores
• Cumulative EV segment orders: Rs. 1,012 crores per annum (Rs. 1,195 crores including Bajaj Auto)

The company expects Rs. 3,500 crores per annum out of the total orders won since FY22 to peak in FY28.

Market Position and Future Outlook

Anurang Jain, Managing Director of Endurance Technologies, expressed confidence in the company's growth trajectory, stating, "We are very, very focused on that, and we will put all our efforts to improve the product mix also. That's clearly our target as we go forward."

The company maintains a strong market position in key segments:

• 43% market share in front forks
• 44% market share in shock absorbers

Endurance Technologies continues to focus on expanding its presence in the 4W suspension market and is exploring opportunities in solar dampers and other emerging sectors.

Conclusion

While Endurance Technologies demonstrated strong revenue growth in Q2 FY26, the company faces challenges in maintaining margins due to raw material cost pressures. However, its strategic investments in capacity expansion, new product lines, and R&D facilities position the company well for future growth, particularly in the evolving automotive landscape with a focus on electric vehicles and advanced braking systems.

Endurance Technologies Limited , a leading automotive component manufacturer, has reported strong financial results for the second quarter of fiscal year 2026. The company's consolidated total income, including other income, grew by 22.6% year-on-year to Rs 3,604.00 crore in Q2 FY26, compared to Rs 2,939.00 crore in the same quarter last year.

Financial Highlights

Operational Performance

The company's standalone business, representing its Indian operations, grew by 16.2% year-on-year, outperforming the overall two-wheeler industry growth of 10.3% during the quarter. Endurance's European operations, including the recently acquired Stöferle entities in Germany, reported a significant growth of 32.5% in Euro terms.

Key Developments

1. Acquisition: Endurance completed the acquisition of the remaining 38.50% stake in Maxwell Energy Systems Pvt. Ltd. on May 16, 2025, making it a wholly-owned subsidiary.

2. European Expansion: The company finalized the allocation of the purchase consideration for the acquisition of a 60% stake in Stöferle Automotive GmbH and Stöferle GmbH in Germany, recognizing goodwill of €32.30 million.

3. New Orders: The company secured new orders worth Rs 909.00 crore in India during H1 FY26, including Rs 300.00 crore for battery packs. Additionally, it won business worth €12.70 million in Europe.

4. Capacity Expansion:

   • Production commenced at the new Alloy Wheel plant in AURIC Bidkin with a capacity of 3.60 million wheels per annum.
   • Setting up a lithium-ion battery pack plant in Pune, expected to start operations in Q4 FY26.
   • Establishing additional capacities for ABS and Disc Brakes in Waluj and Chennai.

Management Commentary

Anurang Jain, Managing Director of Endurance Technologies, stated, "Our R&D centers are being expanded and modernized to ensure that the product offered to customers is well-designed, tested and validated. We are engaged in cost optimization initiatives such as backward integration. Some of the resultant benefits are passed on to customers, leading to a long-term competitive advantage."

He also highlighted the company's strategy of setting up manufacturing facilities in close proximity to customers for large volume business, citing the decision to establish a brakes plant near Chennai as an example of this approach.

Outlook

Endurance Technologies continues to focus on expanding its product portfolio, particularly in the electric vehicle (EV) segment. The company is actively pursuing leads worth Rs 137.00 crore in the embedded electronics space and is engaging with three OEMs for further orders in the new energy battery pack segment.

With a strong order book, strategic acquisitions, and ongoing capacity expansions, Endurance Technologies appears well-positioned to capitalize on the growth opportunities in both the domestic and international automotive component markets.

The company's ability to outperform industry growth rates, coupled with its focus on R&D and customer-centric manufacturing strategies, suggests a positive outlook for the coming quarters, despite slight margin pressures observed in the current results.