Auto components maker Endurance Technologies Ltd on Wednesday (February 12) reported a 21.2% year-on-year (YoY) surge in net profit at ₹184.4 crore for the third quarter that ended December 31, 2024.

In the corresponding quarter of the previous fiscal, Endurance Technologies posted a net profit of ₹152.2 crore, the company said in a regulatory filing. The company’s revenue from operations increased 11.6% to ₹2,859 crore as against ₹2,561 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA jumped 27.4% to ₹249.5 crore in the third quarter of this fiscal over ₹195.9 crore in the corresponding period in the previous fiscal.

Also Read: SKF India Q3 Results | Net profit skids 17% but revenue up 15%

EBITDA margin stood at 8.7% in the reporting quarter as compared to 7.7% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation.

Endurance Technologies reported that aftermarket sales from its Indian operations stood at ₹353.4 crore for the third quarter, compared to ₹3,257 million in the corresponding period of the previous year.

The company’s consolidated basic and diluted earnings per share (EPS) for the period was ₹42.03 per share (not annualized), up from ₹33.44 per share (not annualized) in the same period last year.

Also Read: Godrej Industries Q3 net profit zooms 77% on solid chemicals, real estate numbers

Anurang Jain, Managing Director, said, “Two-wheeler sales volumes for Indian OEMs grew 7% YOY in Q3FY25; while passenger vehicle volumes recorded a 6.6% YOY growth. The rate cut by RBI and income tax relief in the Union Budget have the potential of spurring demand and hence augur well for our industry.

During Q3, Endurance again outperformed the industry by recording a topline growth of 9.2% in the standalone financials, and 11.3% in the consolidated financials. This growth is aided by capacity and capability acquisitions, which in turn are driving new business acquisitions, largely in our segments of braking, suspensions, die casting and alloy wheels..”

The results came after the close of the market hours. Shares of Endurance Technologies Ltd ended at ₹1,862.50, down by ₹29.15 or 1.54% on the BSE.

Also Read: Bharat Forge Q3 Results | Net profit, revenue, margin down; declares dividend