Endurance Technologies is one of India's leading automotive component manufacturing companies. Today Endurance Technologies is the largest aluminium die casting manufacturer in India and one of the leading automotive component manufacturers in aluminium die casting (including alloy wheels), suspension, transmission and braking systems. The company's products and services in India include raw and machined aluminium castings such as high pressure die castings, suspension products such as shock absorbers for scooters, motorcycles and 3 wheeler, front fork for motorcycles & scooters, hydraulic dampers for quadricycles, transmission products such as clutch assemblies, cork and paper based friction plates for motorcycles & three wheelers. It also includes Continuous Variable Transmission (CVT) assemblies for scooters

Braking systems such as hydraulic disc brake assemblies including calipers, master cylinder and rotary disc brake for motorcycles & scooters and hydraulic drum brake assemblies and tandem master cylinder for three wheelers.

The OPM during the firstquarter ended June 2019 rose 330 bps to 17.9%due to decreased raw materialexpenses. Raw material cost (as a % to sales, net of stock) fell 400 bpsat 54.4% during Q1FY20. Other expenses (% of sales net of stock)rose 48bps to 18.37%. Employee expenses rose 40 bps to 9.3%.

Thus the operating profit rose 26% to Rs 341.37 crore. Other income stood at Rs 6.78 crore vis a vis Rs 4.13 crore in previous corresponding period. PBIDT thus rose26% to Rs 348.15 crore. After 13% rise in depreciation cost at Rs 92.73crore and 2% drop in interest expense to Rs 5.8crore, PBT rose 33% at Rs 249.62crore. After 33% rise in tax provision (6 bps rise in tax rate) at Rs 84.02 crore, net profit stood 33% higher at Rs 165.6crore against profit of Rs 124.6crore in previous corresponding quarter.

Shares of Endurance Technologies is currently trading 12.2% higher at Rs 833.5at BSE 0n 9 August 2019, a day after earnings were announced.