Mumbai, India, December 02, 2016: The Company has adopted Indian Accounting Standards (Ind AS) from 1st April 2016 and hence the financials are prepared in accordance with the reporting structure prescribed by Section 133 of the Companies Act 2013. For comparison purpose, comparable last year’s financials (FY 2015-16) are also restated as per Ind AS.
The Board of Directors of Endurance Technologies Limited today approved the unaudited financial results for the second quarter and half year ended 30th September, 2016. The financial Highlights are as follows :
Consolidated Financial Highlights
Standalone Financial Highlights
Performance Highlights [Half Yearly FY 16-17] :
ü Consolidated Total Income incl other income (excl Excise Duty) grew by 10.1% to INR 29,026 million vs INR 26,372 Million.
ü 29.9% of Total Income incl other income came from European subsidiaries and balance 70.1% came from Indian operations.
ü Total Income incl other income in India grew by 9.7% to INR 20,345 million vs INR 18,548 Million.
ü Total Income incl other income in Europe grew by 10.9% to INR 8,681 million vs INR 7,825 Million.
ü Consolidated EBITDA Margin improved to 13.8% from 13.3% due to reduction in Raw material cost which is partially offset by increase in employee cost and other expenses.
ü Consolidated PAT (before minority interest and OCI) grew by 11.9% to INR 1,725 million vs INR 1,542 million.
ü Aftermarket sales from Indian Operations grew by 15.1% to INR 970 million vs INR 843 million.
ü Exports from India grew by 27.6% to INR 754 million vs INR 591 million
ü Consolidated Basic and Diluted EPS is INR 12.26 per share
Commenting on the Company’s performance, Mr. Anurang Jain, Managing Director of the company said :
“The company continued to grow based on its strategy of pursuing sustainable profitable growth. First half saw fairly encouraging demand from most of our OEM customers. We will continuously improve on our product offerings and solution for valued OEM customers. The European business has also turned in a robust performance”.
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