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Stock Report
Endurance Technologies Ltd reports consolidated PAT of Rs. 187.39 crore in Q4FY21
Posted On : 2021-05-19 17:33:12( TIMEZONE : IST )
Endurance Technologies Ltd has reported financial results for the period ended March 31, 2021.
Financial Results (Q4 FY20-21) - QoQ Comparison
The company has reported total income of Rs.2139.77 crores during the period ended March 31, 2021 as compared to Rs.2046.70 crores during the period ended December 31, 2020.
The company has posted net profit / (loss) of Rs.187.39 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.190.05 crores for the period ended December 31, 2020.
The company has reported EPS of Rs.13.32 for the period ended March 31, 2021 as compared to Rs.13.51 for the period ended December 31, 2020.
| Financials | Q4 FY20-21 | Q3 FY20-21 | % Change |
| Total Income | ₹ 2139.77 crs | ₹ 2046.70 crs |  4.55% |
| Net Profit | ₹ 187.39 crs | ₹ 190.05 crs |  -1.4% |
| EPS | ₹ 13.32 | ₹ 13.51 | -1.41% |
Financial Results (Q4 FY20-21) - YoY Comparison
The company has reported total income of Rs.2139.77 crores during the period ended March 31, 2021 as compared to Rs.1614.20 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.187.39 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.106.83 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.13.32 for the period ended March 31, 2021 as compared to Rs.7.59 for the period ended March 31, 2020.
| Financials | Q4 FY20-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 2139.77 crs | ₹ 1614.20 crs | 32.56% |
| Net Profit | ₹ 187.39 crs | ₹ 106.83 crs | 75.41% |
| EPS | ₹ 13.32 | ₹ 7.59 | 75.49% |
Financial Results (Year ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.6577.73 crores during the 12 months period ended March 31, 2021 as compared to Rs.6965.30 crores during the 12 months period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.519.70 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.565.53 crores for the 12 months period ended March 31, 2020.
The company has reported EPS of Rs.36.95 for the 12 months period ended March 31, 2021 as compared to Rs.40.20 for the 12 months period ended March 31, 2020.
| Financials | Year Ended FY20-21 | Year Ended FY19-20 | % Change |
| Total Income | ₹ 6577.73 crs | ₹ 6965.30 crs | -5.56% |
| Net Profit | ₹ 519.70 crs | ₹ 565.53 crs | -8.1% |
| EPS | ₹ 36.95 | ₹40.20 | -8.08% |
Commenting on the Company's performance, Mr. Anurang Jain, Managing Director of the Company said: "H1FY21 had witnessed de-growth in the number of two wheelers sold by Indian OEMs, and Q3 had witnessed strong demand recovery. Q4 saw a growth of 25.9% in the volumes, backed by demand recovery and a low base for the month of March. On a full year basis, there was de-growth of 12.1%.
Endurance standalone top-line growth for Q4 was 40.6% YOY, while de-growth for the full year was 3.8%. We have posted better-than-industry numbers with key two-wheeler OEMs in the country trusting us to deliver a wider range of products, including those in the high-end value-added category.
In Europe (European Union and United Kingdom), the market for new cars recorded de-growth of 19.4% for the year. After four quarters of de-growth, Q4FY21 witnessed a growth of 0.7%. ETL Europe's revenue performance beat the industry volume numbers, with 18.0% degrowth for the year and 3.4% growth YOY for Q4 in Euro terms. We continue to win orders for supply of products to European four-wheeler OEMs, including sizeable orders for EV and hybrid applications.
While we focus on securing profitable growth by servicing new orders, gaining access to new technology and commissioning new facilities, we also keep a keen eye on our cost structure. During the year, we have consolidated operations in Italy, offered voluntary separation to surplus manpower in India, and have taken a slew of other measures.
During the second half of FY21, our factories in India and Europe did not face any government mandated lockdowns. The Company continues to take measures to ensure a safe workplace for its people.
The Board of Directors has reviewed the Company's financial performance for the fiscal year and has recommended dividend of Rs. 6.00 per equity share of face value of Rs.10 each."
Shares of Endurance Technologies Ltd was last trading in BSE at Rs.1356.85 as compared to the previous close of Rs. 1341. The total number of shares traded during the day was 10102 in over 1084 trades.
The stock hit an intraday high of Rs. 1366.3 and intraday low of 1337.6. The net turnover during the day was Rs. 13663648.
