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

<p>India&rsquo;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&rsquo;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.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/enduranceAug9.jpg" alt="News" width="517" height="281" /></p> <p>Endurance Technologies&rsquo; 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.</p> <p>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.</p> <p>{googleAdsense}</p> <p>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.</p> <p>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.&nbsp;</p>