Endurance Technologies Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 30, 2016
February 08, 2017 at 06:18 am EST
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Endurance Technologies Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 30, 2016. For the quarter, on standalone basis, the company reported sales from operations of INR 9,636.65 million against INR 9,890.40 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 624.16 million against INR 684.20 million a year ago. Profit from ordinary activities before tax was INR 600.14 million against INR 618.18 million a year ago. Net profit for the period was INR 472.00 million or INR 3.35 basic and diluted share before and after extraordinary items against INR 427.19 or INR 3.04 basic and diluted share before and after extraordinary items a year ago.
For the nine months, on standalone basis, the company reported sales from operations of INR 31,676.34 million against INR 29,871.46 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,341.72 million against INR 2,180.03 million a year ago. Profit from ordinary activities before tax was INR 2,288.28 million against INR 2,018.18 million a year ago. Net profit for the period was INR 1,690.05 million or INR 12.01 basic and diluted share before and after extraordinary items against INR 1,524.33 or INR 10.84 basic and diluted share before and after extraordinary items a year ago.
For the quarter, on consolidated basis, the company reported sales from operations of INR 13,871.17 million against INR 13,719.18 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,028.41 million against INR 1,054.92 million a year ago. Profit from ordinary activities before tax was INR 1,013.70 million against INR 968.43 million a year ago. Net profit for the period was INR 892.95 million or INR 6.35 basic and diluted share before and after extraordinary items against INR 777.97 or INR 5.49 basic and diluted share before and after extraordinary items a year ago.
For the half year, on consolidated basis, the company reported sales from operations of INR 44,440.89 million against INR 41,405.94 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 3,518.20 million against INR 3,293.93 million a year ago. Profit from ordinary activities before tax was INR 3,460.36 million against INR 3,049.28 million a year ago. Net profit for the period was INR 2,467.69 million or INR 17.54 basic and diluted share before and after extraordinary items against INR 2,195.97 or INR 15.52 basic and diluted share before and after extraordinary items 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 30, 2016