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    India’s Endurance Technologies improves Q1FY18 bottomline by 15.5% QoQ

  • China Aluminium Network
  • Post Time: 2017/8/10
  • Click Amount: 157

    India’s leading automotive component manufacturer and aluminium die-casting producer Endurance Technologies Ltd reported its financial results for the first quarter ended June 30, 2017 yesterday. The company’s revenue and profit after tax improved both sequentially as well as year-on-year, thanks to a rebound in the domestic two-wheeler sales.

    Endurance Technologies’ revenue for Q1Fy2018 increased 13.4 per cent quarter-on-quarter and 9.1 per cent year-on-year to stand at INR 1678.2 crore.

    Its EBITDA for the quarter was up by 7.4 per cent Q-o-Q at INR 287.6 crore. The EBITDA margin registered a 17.14 per cent growth.

    The net profit for the aluminium die-casting and automotive component manufacturer was registered at INR 96.5 crore for Q1 FY2018, which marked an impressive 15.5 per cent Q-o-Q increase and 16.1 per cent increase over the corresponding period previous year.

    Endurance Technologies Ltd is constantly expanding its product base which includes aluminium casting, alloy wheels, suspension, transmission and braking products. Leveraging a steady demand for aluminium automotive components, it is widening its market reach all over the world.

    Source: AlCircle.com
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