Endurance Technologies’ Strong All-Round Q3 Performance In Both Businesses: Motilal Oswal
Endurance Technologies Ltd.’s susepnsion and breaking technologies R&D Centre. (Source: Company website)

Endurance Technologies’ Strong All-Round Q3 Performance In Both Businesses: Motilal Oswal

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.

Motilal Oswal Report

Endurance Technologies Ltd. reported a strong all-round beat in Q3 FY21, with contribution from both businesses.

While recovery in the India business continues to be strong, the Europe business is seeing the impact of a second wave of Covid-19.

The company’s outperformance of the underlying two-wheeler industry would continue on the back of a content increase and the mining of recently added customers.

Thus, we believe it is the best proxy for the two-wheeler industry in India.

Click on the attachment to read the full report:

Motilal Oswal Enducance Technologies Q3FY21 Result Update.pdf

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