Endurance Technologies is navigating a period of rapid capacity expansion and new product launches across its EV and braking segments, even as it manages volatile input costs. Investors will be looking for updates on the revenue ramp-up of its new battery pack and alloy wheel plants, alongside management's outlook on margin recovery following a challenging start to the fiscal year.
| Results date | August 13, 2026 |
|---|---|
| Quarter | Q1 FY 2026-2027 |
| Previous quarter revenue | Rs. 4,116 Cr |
| Previous quarter PAT | Rs. 276 Cr |
| Previous quarter EBITDA margin | 14.5% |
| Market cap | Rs. 42,059.12 Cr |
| CMP | Rs. 2,987.8 |
The board meeting to consider the audited financial results and recommend dividend for FY2026 is scheduled for August 13, 2026.
An investor conference call is scheduled for August 14, 2026, at 11:00 AM IST to discuss the Q1 FY27 unaudited results, with dial-in access available for India, HK, SG, UK, and USA.
Endurance Technologies is expected to report high-single-to-low-double-digit QoQ standalone revenue growth, supported by strong 2W and 3W industry volume dispatches which grew 18-28% YoY during the quarter. The company's new Mindewadi battery pack facility, which commenced production on June 17, 2026, and the AURIC Bidkin alloy wheel plant, targeting a peak run-rate of over Rs. 600 Cr, are key contributors to this growth trajectory. However, margins are likely to face sequential compression due to non-value-add commodity inflation in aluminium and steel, with management having previously flagged Q1 FY27 as a volatile period for profitability. The company is actively negotiating with OEMs to pass on these conversion cost increases, with management signaling that margin normalization is expected from Q2 FY27 onwards.
Battery pack production and revenue ramp-up: Monitoring the contribution from the new Mindewadi facility.
ABS and braking systems trajectory: Tracking the shift toward higher-value braking technologies.
Margin and commodity cost management: Assessing the impact of unrecovered input costs on EBITDA.
Capex and capacity expansion: Evaluating the shift toward disciplined capital allocation.
Strategic corporate updates: Assessing the impact of recent M&A activities.
Endurance has consistently outperformed its key OEM customers in growth rates, including Bajaj, Honda, Royal Enfield, and TVS. For instance, in FY26, Endurance recorded 16.10% growth against Bajaj's 11.56% and 32.70% against Royal Enfield's 23.90%.
The company commenced commercial production at its new greenfield Li-ion battery pack facility in Mindewadi, Pune, on June 17, 2026, with an initial capacity of approximately 26,000 packs per month. This facility is supported by proprietary, wire-free design technology and is currently scaling to meet an initial order value of Rs. 300-360 Cr per year.
Management flagged that Q1 FY27 margins would be impacted by rising raw material, gas, and oil costs, particularly non-value-add increases in aluminium and steel prices. While the company is negotiating with OEMs to pass on these costs, pass-through typically lags by one quarter, leading to a temporary compression.