Endurance Technologies Q2 Results Review - Inline; Europe Performance Has Been Impressive: Motilal Oswal

The company is now focusing on increasing the four-wheeler revenue contribution to 45% by FY30 from 25%, and this will remain a key growth driver in the coming years, says the brokerage.

Endurance Technologies Ltd.’s facility for suspension transmission, braking systems and die casting. (Source: Company website)

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Motilal Oswal Report

Endurance Technologies Ltd. reported an in-line performance, as Ebitda margin sustained a healthy 13%+ level in the last three quarters. Its healthy performance in Europe despite adversities is commendable.

We are particularly optimistic about its shift toward the four-wheeler segment, targeting 45% sales by FY30. A sustained recovery in underlying two-wheeler demand, a strong focus on ramping up presence in the PV segment, and a strong order backlog in the Europe in FY25 are the potential catalysts for the stock. We maintain our FY25E/FY26E EPS. Reiterate Buy with a target price of Rs 2,825 (premised on 34 times Sep-26E EPS).

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Motilal Oswal Endurance Technologies Q2FY25 Results Review.pdf
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Also Read: Trent Q2 Review - Robust Growth, Albeit Weaker Than Lofty Expectations On Store Consolidation: Motilal Oswal

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