Endurance Technologies Q4 Review - ABS Supply From Second Half To Aid Product Profile: Prabhudas Lilladher

Endurance Technologies Ltd.’s susepnsion and breaking technologies' R&D Centre. (Source: Company website).

Endurance Technologies Q4 Review - ABS Supply From Second Half To Aid Product Profile: Prabhudas Lilladher

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Endurance Technologies Ltd.’s Q4 FY21 consolidated results exceeded our revenue/Ebitda/profit after tax estimates by 10%/11%/28% led by beat in standalone and Europe business along with better cost control.

We believe the company will be able to navigate current raw material headwinds led by-

  1. focus on increasing aftermarket mix to ~10% (versus 6.5% currently),
  2. increasing capacity of high value added products like disk brakes, alloy wheel and tyre trading and
  3. operating leverage.

Considering customer wins across internal combustion engine, electric vehicle and hybrids, the company will continue to outperform the underlying domestic two-wheeler and European passenger vehicle industry growth.

Click on the attachment to read the full report:

Prabhudas Lilladher Endurance Technologies Q4FY21 Result Update.pdf

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