Endurance Technologies achieves record FY26 performance on strong India and Europe growth

Endurance Technologies Ltd. achieved record financial results in FY26, with strong growth in both India and Europe. The company reported a 13.8% year-on-year increase in consolidated profit after tax, reaching Rs 952 crore. This performance was supported by robust domestic demand, expansion in Europe, and new order wins.

Key Highlights

• Endurance Technologies reported a 13.8 percent rise in consolidated profit after tax to Rs 952 crore in FY26.
• Total income grew 26.1 percent to Rs 14,720 crore, driven by strong India and Europe performance.
• European business revenue rose 29 percent, with the Stöferle acquisition contributing significantly
• Standalone India income increased 20 percent to Rs 10,696 crore, exceeding the industry's two-wheeler growth.
• The board recommended a dividend of ₹11.50 per equity share for FY26

FY26 Financial Performance

Endurance Technologies’ consolidated total income rose 26.1% to Rs 14,720 crore in FY26, up from Rs 11,678 crore in the previous year. Consolidated EBITDA increased by 25.3% year-on-year to ₹2,090 crore. The EBITDA margin was 14.2%, slightly lower than 14.3% last year. Managing Director Anurang Jain described FY26 as another record year for the company.

The company’s India business also performed well. Standalone total income increased 20% to ₹10,696 crore in FY26, compared to ₹8,913 crore in FY25. This growth exceeded the 13% rise in industry two-wheeler volumes. Standalone EBITDA grew 11% to ₹1,351 crore, and profit after tax rose 8.1% to ₹734 crore. However, the standalone EBITDA margin narrowed to 12.6% from 13.7%, reflecting ongoing cost pressures.

For Q4FY26, standalone total income rose 31.1% year-on-year to ₹2,975 crore. Standalone EBITDA grew 13.7% to ₹371 crore, and profit after tax increased 20.5% to ₹210 crore. Consolidated total income for Q4FY26 was ₹4,116 crore, up 37.3% from ₹2,998 crore in the same period last year. Consolidated EBITDA rose 30.8% to ₹598 crore, with an EBITDA margin of 14.5%, compared to 15.2% a year earlier. Consolidated profit after tax for the quarter rose 12.8% to ₹276 crore. Profit before tax, excluding exceptional items, grew 22.7% to ₹371 crore.

European Business and Outlook

Europe was a key growth driver in FY26. Total income from the European business grew 29% during the year, mainly due to the Stöferle acquisition. Before consolidating Stöferle, topline growth in Europe was in line with the market, where new car registrations rose about 3%.

Endurance Overseas reported €106.9 million revenue in Q4FY26, up 33.6% from €80 million a year earlier. For the full year, European revenue reached €391.7 million, compared to €303.9 million in the previous year, an increase of 28.9%. The Stöferle acquisition contributed €21 million in revenue, €4.9 million in EBITDA, and €2.6 million in net profit during Q4FY26. For the full year, Stöferle contributed €82.1 million in revenue, €17.9 million in EBITDA, and €8 million in net profit.

Director and CEO of Endurance Overseas, Massimo Venuti, said the European business delivered its best-ever quarter, despite higher energy costs and external challenges. Higher production volumes helped the company absorb fixed costs more effectively.

Challenges and Future Plans

Jain noted that FY26 faced geopolitical, supply-chain, and tariff uncertainties. The conflict in West Asia disrupted trade routes and kept freight and energy costs high. Changing tariffs and trade developments created further uncertainty. The company managed these challenges through supply-chain coordination, pricing discussions, and cost-control measures. It also increased fuel flexibility by using alternative energy sources.

Looking ahead, Endurance expects sustained domestic demand, India’s trade agreements with the EU, UK, and US, and new order wins to support its FY27 outlook. Orders in the four-wheeler and non-auto sectors are expected to aid profitable growth. The company’s board recommended a dividend of ₹11.50 per equity share of face value ₹10 each for FY26.