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17 MAY 2019 AL CIRCLE

Endurance Technologies’ consolidated net profit and sales up 27% and 18% YoY in FY2019

EDITED BY : HEENA IQBAL 1MINS READ

Leading automotive component manufacturer Endurance Technologies announced results for the quarter and year ended 31st March 2019. The company reported a 27.75 per cent increase in consolidated net profit at INR 148.65 crore for the fourth ended March 2019. Net profit was INR 116.36 crore for the fourth ended March 2018.

Sales for the fourth quarter stood at INR 1900.36 crore, up 9.55 per cent from INR 1734.76 crore in the same period last year.

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For FY2019, Endurance Technologies’ net profit increased from INR 390.76 to INR 495.01 crore. This marks a growth of 26.68 per cent year-on-year. Sales for the full year increased 18.25 per cent to INR 7510.50 crore. The company had posted INR 6351.38 crore sales in the previous year.

Endurance Technologies operates 25 plants globally, with 16 of these manufacturing plants in India. It also operates manufacturing units in Germany and Italy. The company predominantly caters to two and three wheeler OEMs and products include aluminium castings, suspensions, transmission and braking systems.


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EDITED BY : HEENA IQBAL 1MINS READ

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