Endurance lands ₹1,596 cr in Indian orders, wins a ₹300 cr EV battery deal.
The auto-parts maker's Europe unit posted record quarterly margins as revenue grew 26.1% for the full year. A battery-pack contract starts production in late May.
— 1 earlier story on Endurance Technologies Ltd. →What's new
- Endurance won ₹1,596 crore in new Indian orders, including a ₹300 cr battery-pack contract from an EV two-wheeler OEM.
- The European unit delivered a record 20.5% EBITDA margin on higher production volumes.
- Company plans to double ABS production and expand aluminium forging and alloy-wheel capacity.
Why this matters
The order wins are forward revenue: the ₹300 cr battery-pack deal alone is about 2% of last year's ₹14,720 cr turnover, with production starting this quarter. Europe's record profitability shows the business can expand margins even with high energy costs. The capacity plans signal management expects demand growth to continue.
What we're watching
- Execution on the new battery-pack line and the timing of the next EV order wins.
- Whether Europe can sustain a 20.5% margin as volumes rise.
- Progress on the ABS and forging capacity expansions versus stated timelines.
The full read
Endurance Technologies won ₹1,596 crore in new Indian orders during the quarter, headlined by a ₹300 crore battery-pack contract from an electric two-wheeler OEM. That deal alone is about 2% of the company's ₹14,720 crore FY24 revenue, and production starts in late May. The results themselves were solid: consolidated revenue jumped 37.3% to ₹4,116 crore in Q4, and full-year growth was 26.1%. But the real story was Europe. The unit delivered its best-ever quarter, with a 20.5% EBITDA margin, scaling volumes without sacrificing profitability despite high energy costs. Management is doubling down on growth, planning to expand ABS, aluminium forging, and alloy wheel capacity. The battery-pack win is a clear step into EV components. The open question is whether Endurance can replicate that ₹300 crore win and turn the new capacity into sustained orders.
Questions answered
- What is the significance of the ₹300 cr battery-pack order?
- It is Endurance's first major disclosed battery-pack contract and represents a shift into EV components. The order is from an electric two-wheeler OEM, with production set to start by the end of May, so it will begin contributing to revenue within the current quarter.
- How did the European business perform?
- The European unit posted its best-ever quarterly result, with a 20.5% EBITDA margin. The improvement was driven by higher production volumes, which offset elevated energy costs.
- What capacity expansions is the company planning?
- Endurance plans to double its production capacity for anti-lock braking systems (ABS). It is also expanding its aluminium forging and alloy wheel manufacturing capacity to meet growing demand.
- How do the new orders compare to the company's revenue?
- The ₹1,596 crore in new Indian orders represents over 10% of the ₹14,720 crore revenue reported for FY24, providing a visible pipeline for the coming year.
Endurance Technologies Ltd.
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All notes on ENDURANCE →- 22 May 2026 · 2:56 PM IST Endurance lands ₹1,596 cr in Indian orders, wins a ₹300 cr EV battery deal.
- 12d ago Endurance sells tiny Italian software arm for up to €7.5M