Endurance Technologies Q1 Review - Long Runway For Growth: Prabhudas Lilladher
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Endurance Technologies Ltd.’s Q1 FY22 standalone revenues declined 28% QoQ at Rs 11.5 billion (our estimate: 12.5 billion) against two-wheeler industry decline of 35%, led by higher share of Bajaj Auto Ltd.
Europe business revenue grew 105% YoY at €63.2 million.
New business win remained strong in India (Rs 514 million) and Europe business (€7.13 million).
We believe Endurance Technologies will continue to outperform industry led by-
addition of new products,
Increasing share value added products like disk brakes and alloy wheels
ability to add new customer and increase penetration with existing customers and
increasing share of AM & Exports.
We further believe operating leverage benefits, backward integration and mix improvement will aid margins going ahead.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.