Endurance Technologies Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Half Year Ended September 30, 2016
December 02, 2016 at 06:17 am EST
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Endurance Technologies Limited announced unaudited standalone and consolidated earnings results for the second quarter and half year ended September 30, 2016. For the quarter, on standalone basis, the company reported sales from operations of INR 11,596.27 million against INR 10,520.78 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 932.51 million against INR 847.65 million a year ago. Profit from ordinary activities before tax was INR 926.34 million against INR 777.40 million a year ago. Net profit for the period was INR 662.86 million or INR 4.71 basic and diluted share per INR 10 each before and after extraordinary items against INR 551.65 or INR 3.92 basic and diluted share per INR 10 each a year ago.
For the half year, on standalone basis, the company reported sales from operations of INR 22,039.69 million against INR 19,981.06 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,717.56 million against INR 1,495.83 million a year ago. Profit from ordinary activities before tax was INR 1,688.14 million against INR 1,400.00 million a year ago. Net profit for the period was INR 1,218.05 million or INR 8.66 basic and diluted share per INR 10 each before and after extraordinary items against INR 1,097.14 or INR 7.80 basic and diluted share per INR 10 each a year ago.
For the quarter, on consolidated basis, the company reported sales from operations of INR 15,395.24 million against INR 14,246.07 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,308.58 million against INR 1,173.83 million a year ago. Profit from ordinary activities before tax was INR 1,208.97 million against INR 1,106.57 million a year ago. Net profit for the period was INR 892.95 million or INR 6.35 basic and diluted share per INR 10 each before and after extraordinary items against INR 777.97 or INR 5.49 basic and diluted share per INR 10 each a year ago.
For the half year, on consolidated basis, the company reported sales from operations of INR 30,558.07 million against INR 27,632.97 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,468.88 million against INR 2,167.92 million a year ago. Profit from ordinary activities before tax was INR 2,446.67 million against INR 2,080.85 million a year ago. Net profit for the period was INR 1,724.55 million or INR 12.26 basic and diluted share per INR 10 each before and after extraordinary items against INR 1,541.50 or INR 10.87 basic and diluted share per INR 10 each 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 Second Quarter and Half Year Ended September 30, 2016