Endurance Technologies Limited Announces Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2018
May 15, 2018 at 07:37 am EDT
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Endurance Technologies Limited announced audited standalone and consolidated earnings results for the fourth quarter and full year ended March 31, 2018. For the quarter, on standalone basis, the company reported revenue from operations of INR 12,722.72 million against INR 10,593.39 million a year ago. Profit before exceptional items was INR 1,183.07 million against INR 700.53 million a year ago. Profit before tax was INR 1,183.07 million against INR 700.53 million a year ago. Profit for the period was INR 818.97 million or INR 5.82 basic and diluted share against INR 524.92 or INR 3.74 basic and diluted share a year ago. EBITDA of INR 1,665 million against INR 1,174 million a year ago.
For the full year on standalone basis, the company reported revenue from operations of INR 47,690.12 million against INR 42,801.52 million a year ago. Profit before exceptional items was INR 4,288.81 million against INR 2,988.81 million a year ago. Profit before tax was INR 4,020.03 million against INR 2,988.81 million a year ago. Profit for the period was INR 2,716.03 million or INR 19.31 basic and diluted share against INR 2,214.97 or INR 15.75 basic and diluted share a year ago. EBITDA of INR 6,088 million against INR 4,836 million a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 17,816.70 million against INR 14,801.09 million a year ago. Profit before exceptional items was INR 1,680.10 million against INR 1,680.10 million a year ago. Profit before tax was INR 1,680.10 million against INR 1,186.09 million a year ago. Profit for the period attributable to shareholders of the company was INR 1,163.63 million or INR 8.27 basic and diluted share against INR 835.41 million or INR 5.94 basic and diluted share a year ago. EBITDA of INR 2,650 million against INR 2,017 million a year ago.
For the year, on consolidated basis, the company reported revenue from operations of INR 66,660.47 million against INR 59,912.01 million a year ago. Profit before exceptional items was INR 6,062.16 million against INR 4,646.45 million a year ago. Profit before tax was INR 5,793.38 million against INR 4,646.45 million a year ago. Profit for the period attributable to shareholders of the company was INR 3,907.57 million or INR 27.78 basic and diluted share against INR 3,303.10 million or INR 23.48 basic and diluted share a year ago. EBITDA of INR 9,513 million against INR 7,874 million a year ago.
Endurance Technologies Limited is an India-based global automotive components manufacturer. The Company has operations in India and Europe (Italy and Germany). In India, the Company predominantly caters to two and three-wheeler original equipment manufacturers (OEMs) and its products include aluminum castings, suspensions, transmission, braking and battery management systems. In Europe, it supplies aluminum castings to four-wheeler OEMs, and also caters to the aftermarket for two-wheeler components. The Company provides end to end services by engaging its customers from conception to end user delivery and also catering to the replacement market. It has approximately 31 manufacturing plants out of which 19 are located in India and 12 in overseas countries. Its 2-wheeler (2W) products include ABS modulator, alloy wheel 2W EV, clutch, 2W alloy wheel and 2W brake disc. Its 4-wheeler products include passenger vehicle torque converter housing and passenger vehicle engine mounting bracket.
Endurance Technologies Limited Announces Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2018