Endurance Technologies Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
February 14, 2018 at 05:19 am EST
Share
Endurance Technologies Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on standalone basis, the company reported revenue from operations of INR 11,168.70 million compared to INR 9,814.57 million a year ago. Profit before exceptional items and tax was INR 1,025.25 million compared to INR 600.14 million a year ago. Profit before tax was INR 756.47 million compared to INR 600.14 million a year ago. Net profit for the quarter was INR 487.30 million or INR 3.46 per basic and diluted share (not annualized) compared to INR 472.00 million or INR 3.35 per basic and diluted share (not annualized) a year ago. EBITDA was INR 1,471 million compared to INR 1,069 million a year ago.
For the nine months, on standalone basis, the company reported revenue from operations of INR 34,967.40 million compared to INR 32,208.13 million a year ago. Profit before exceptional items and tax was INR 3,105.74 million compared to INR 2,288.28 million a year ago. Profit before tax was INR 2,836.96 million compared to INR 2,288.28 million a year ago. Net profit for the period was INR 1,897.06 million or INR 13.49 per basic and diluted share (not annualized) compared to INR 1,690.05 million or INR 12.01 per basic and diluted share (not annualized) a year ago. EBITDA was INR 4,423 million compared to INR 3,662 million a year ago.
For the quarter, on consolidated basis, the company reported revenue from operations of INR 15,808.82 million compared to INR 14,078.82 million a year ago. Profit before exceptional items and tax was INR 1,467.79 million compared to INR 1,013.70 million a year ago. Profit before tax was INR 1,199.01 million compared to INR 1,013.70 million a year ago. Net profit for the quarter was INR 781.81 million or INR 5.56 per basic and diluted share (not annualized) compared to INR 743.15 million or INR 5.28 per basic and diluted share (not annualized) a year ago. EBITDA was INR 2,313 million compared to INR 1,842 million a year ago.
For the nine months, on consolidated basis, the company reported revenue from operations of INR 48,795.28 million compared to INR 45,082.41 million a year ago. Profit before exceptional items and tax was INR 4,382.06 million compared to INR 3,460.36 million a year ago. Profit before tax was INR 4,113.28 million compared to INR 3,460.36 million a year ago. Net profit for the period was INR 2,743.94 million or INR 19.51 per basic and diluted share (not annualized) compared to INR 2,467.69 million or INR 17.54 per basic and diluted share (not annualized) a year ago. EBITDA was INR 6,863 million compared to INR 5,857 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 Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017