Shares of Endurance Technologies Ltd declined 4.23% to Rs 2,793.30 on Thursday, November 13, likely due to profit booking after the stock rallied nearly 4% in Wednesday’s session, closing at Rs 2,911.00.
The drop comes a day after the auto component maker reported a steady Q2 FY26 performance, with net profit rising 9.5% year-on-year (YoY) to Rs 222.2 crore, compared to Rs 203 crore in the same period last year. Revenue grew 22.7% YoY to Rs 3,582 crore, supported by robust domestic and European sales.
EBITDA increased 22.5% YoY to Rs 476.4 crore, while margins remained stable at 13.3%, reflecting controlled cost management despite inflationary pressures. The company also reported an increase in aftermarket sales from Indian operations to Rs 243 crore, up from Rs 230 crore in Q2 FY25.
Endurance continues to maintain a strong order pipeline with Rs 4,209 crore worth of RFQs under discussion. The company is expanding its manufacturing footprint through two projects — a machined castings facility at AURIC Shendra (Chhatrapati Sambhajinagar) and a lithium-ion battery pack plant in Pune, both scheduled for commissioning by Q4 FY26.
Analysts attribute today’s fall to short-term profit booking, as investors likely locked in gains following Wednesday’s rally. The company’s long-term fundamentals remain strong, driven by growth in both domestic and European operations and a growing focus on the electric vehicle component segment.
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