Endurance Tech.

Q1 FY27

Endurance Tech. Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹2,986

Market cap₹42.6K Cr

P/E43.3

Updated25 Aug 2026

Read4 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueRank 2

MarginRank 3

CapexYes

Order bookNo

Not discussed on this call: fundraise.

The short version

Endurance expects strong growth driven by new business wins, especially in EV battery packs and Maxwell products. Endurance Technologies expects continued growth driven by 2W and 4W proprietary products, non-auto segments (solar dampers, actuators), and electronics (BMS, Battery Packs).

From Endurance Tech.'s Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 2

Endurance expects strong growth driven by new business wins, especially in EV battery packs and Maxwell products.
Alloy wheel plants (Chakan fully utilized; Bidkin at 60%, expected full by FY end) will support volume growth.
The battery pack assembly plant with 17,000-18,000 packs/month capacity will be fully utilized by October 2026.
Expansion in ABS, brakes, and suspension systems targets increased market share; brakes business growing at 30%+ CAGR.
EV sales in India grew 87.6% in Q1 FY 27; overseas EV & plug-in hybrids grew 14.4%.
Orders in Europe continue amid challenges; M&A expected to drive growth.
Capex remains stable around ₹800 crores but can increase with large opportunities.
Overall consolidated total income grew 29.6% in Q1 FY 27, with continued CAGR expected.
Order book and request for quotes remain strong (₹4,526 crores in quotes).

Profitability & Margins

Endurance Technologies expects continued growth driven by 2W and 4W proprietary products, non-auto segments (solar dampers, actuators), and electronics (BMS, Battery Packs).
Despite challenging global conditions, the company has sustained profitable growth, including new order wins like Mercedes' 100% SOB for hybrid programs starting January 2027.
Capex remains strong at approximately ₹800 crores yearly, focused on automation and new growth areas, with additional Tier-2 supplier capex boosting capacity.
Electric vehicle (EV) business in India grew 87.6% in Q1 FY 27, signaling strong future momentum; overseas EV/plug-in hybrid sales also increased by 14.4%.
The alloy wheel capacity will be fully utilized by end of FY 27, supporting volume growth.
Margins expected to improve in Q2 due to passing on commodity cost increases and softening aluminum prices.
Strategic M&A in Europe is expected to drive growth despite OEM challenges and increased competition from Chinese players.
Overall, a robust pipeline of new orders and focus on technology-intensive products supports positive earnings and EPS growth outlook.

See what Endurance Tech. said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

Endurance's India capex for FY 27 is expected to remain similar to FY 26, around ₹800 crores.
Capex includes investments in both Endurance and strong Tier-2 suppliers.
A key focus area for FY 27 capex budget is automation across existing plants to enhance quality, consistency, and operating efficiency.
New greenfield projects and possible M&A activity are considered for technology-intensive, scalable growth areas to increase margin percentage.
Manufacturing capacities (e.g., alloy wheels at Bidkin and battery pack plant at Mindewadi) are currently ramping up, expected to reach optimum sales by Q3 FY 27.
There is potential to increase capex if large opportunities arise.
The company has finalized incentives under Maharashtra Package Scheme increasing from ₹600 crores to ₹858 crores over seven years, aiding investment recovery.
Future M&A in Europe and non-automotive sectors are expected but will be communicated in subsequent investor calls.

Fundraising & Capital Structure

There is no explicit mention of any current or planned fundraising through debt or equity in the transcript.
The company highlights strong cash balances and growing business without indicating a need for new capital infusion.
Capital expenditure guidance for FY27 remains stable around ₹800 crores, funded through existing capacities and vendors.
Management emphasizes focus on organic growth, operational efficiency, and targeted capital expenditure rather than raising new funds.
No announcements or discussions related to new equity issuance or debt raising were made during the call.

See what Endurance Tech. said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

India business order wins in Q1 FY27: ₹391.6 crores (₹26.1 crores new business, ₹365.4 crores replacement).
EV business won: ₹11.3 crores; remaining ₹380.3 crores are ICE business.
Four-wheelers orders: ₹18.6 crores; rest ₹373 crores primarily for two-wheelers.
Cumulative India EV orders since FY23 (excluding Bajaj Auto): ₹1,496 crores; including Bajaj Auto: ₹1,806 crores.
Total orders won (excluding Maxwell but including battery packs) since FY23: ₹5,270 crores with ₹4,241 crores as new business.
Europe order book in Q1 FY27: €13.9 million, including large orders from Mercedes and Stellantis.
Current request for quotes in hand: ₹4,526 crores.
Europe order book has declined recently due to increased presence of Chinese OEMs and competitive pressures.

Endurance Tech. — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹4.1K Cr, net profit ₹276 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Endurance Technologies Ltd's management said in earlier quarters

Others in Auto Components this season

Tube Investments of India Ltd (Q1 FY27)
Capex of around Rs.350 Crores planned for TI standalone entities to drive growth. Key concall takeaways from Tube Investments of India Ltd's Q1 FY27 earnings…
SPR Auto Technologies Ltd (Q1 FY27)
Emerging segments such as EV motors, drone motors, and electric marine motors through the EMFi subsidiary show scalable growth potential, with peak sales…
Triton Valves Ltd (Q1 FY27)
Capacity expansion underway to support demand, with 50-60% of a ₹15 crore capex commercialized in FY 27. Key concall takeaways from Triton Valves Ltd's Q1 FY27…
Rane (Madras) Ltd (Q1 FY27)
The provided document (page 1 of 1) is a letter from Rane (Madras) Limited concerning the transcript of an earnings conference call held on August 21, 2026…

Compare:vs Samvardh. Mothe.vs Bosch Ltd vs Bharat Forge Ltd

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →

Frequently Asked Questions

What were Endurance Tech. Q1 FY27 results?

What is Endurance Tech. share price analysis?

Endurance Tech. currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 43.3 with a market cap of ₹42,614 Cr. Investors should review the full earnings analysis for detailed insights.

Is Endurance Tech. planning capital expenditure?

Endurance's India capex for FY 27 is expected to remain similar to FY 26, around ₹800 crores.

Keep Endurance Tech. on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.