Endurance Technologies Q2 Results Live : Endurance Technologies declared its Q2 results on November 6, 2024, showcasing a significant increase in financial performance. The company’s topline revenue surged by 14.45% year-over-year, while profit rose impressively by 31.33%. In comparison to the previous quarter, revenue showed a modest growth of 3.08%, although profit experienced a slight decrease of 0.43%.
In terms of operational efficiency, the Selling, General & Administrative expenses saw a decline of 3.3% quarter-over-quarter, but marked an increase of 13.91% year-over-year. This indicates a mixed trend in expense management, with year-over-year costs rising even as they improved in the short term.
Operating income also demonstrated positive momentum, rising by 2.25% from the previous quarter and showing a remarkable increase of 25.48% year-over-year. The Earnings Per Share (EPS) for Q2 stood at ₹14.43, reflecting a solid year-on-year growth of 31.3%.
Investors have shown confidence in Endurance Technologies, with the stock delivering a 1.66% return in the last week, a robust 22.41% return over the past six months, and an impressive 23.13% year-to-date return. Currently, the company boasts a market capitalization of ₹33,483.38 crore, with a 52-week high of ₹3,061.30 and a low of ₹1,572.35.
As of November 7, 2024, the sentiment among analysts covering Endurance Technologies is varied. Out of 12 analysts, 3 have issued a Strong Sell rating, 2 a Sell rating, 2 a Hold rating, 2 a Buy rating, and 3 a Strong Buy rating. The consensus recommendation as of this date leans towards a Hold, reflecting a cautious optimism about the company’s future performance.
Endurance Technologies Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2912.66 | 2825.5 | +3.08% | 2545.03 | +14.45% |
| Selling/ General/ Admin Expenses Total | 241.89 | 250.16 | -3.3% | 212.36 | +13.91% |
| Depreciation/ Amortization | 131.15 | 128.76 | +1.85% | 118.41 | +10.75% |
| Total Operating Expense | 2661.81 | 2580.18 | +3.16% | 2345.11 | +13.5% |
| Operating Income | 250.85 | 245.32 | +2.25% | 199.91 | +25.48% |
| Net Income Before Taxes | 265.77 | 267.97 | -0.82% | 205.61 | +29.26% |
| Net Income | 202.98 | 203.86 | -0.43% | 154.56 | +31.33% |
| Diluted Normalized EPS | 14.43 | 14.49 | -0.41% | 10.99 | +31.3% |
