Endurance Technologies shares jumped more than 10% on Friday after the company reported strong fourth-quarter results and a positive order outlook.
For the fourth quarter of fiscal 2024, Endurance Technologies posted a net profit of ₹210 crore, a 54% increase from ₹136.47 crore in the same period last year. The company’s revenue from operations grew by 20.1% year-on-year to ₹2,685 crore, while EBITDA rose by 36.4% to ₹390 crore.
As of 12:08 pm, the shares were trading 8.56% higher at ₹2,199.05 on the NSE.
Over the past year, Endurance Technologies shares have risen by around 55%, compared to a 23% increase in the benchmark Nifty 50 index.
The company’s margins expanded by 173 basis points to 14.5% during the quarter. Additionally, Endurance Technologies recommended a dividend of ₹8.50 per equity share for the financial year 2023-24.
Endurance Technologies secured orders worth ₹1,199 crore in India and €31 million in Europe during FY24. The company expects its order book to grow further, with ₹1,840 crore worth of RFQs under discussion and anticipated order book values of ₹1,580 crore for FY25, ₹2,380 crore for FY26, and ₹2,690 crore for FY27.
