Endurance Technologies Q2 results: Profit up 31.33% YoY

Business Business: Endurance Technologies announced its Q2 results on November 6, 2024, which saw a significant increase in financial performance. The company’s top-line revenue grew by 14.45% year-on-year, while profit grew by an impressive 31.33%. Compared to the previous quarter, revenue saw a marginal increase of 3.08%, although profit saw a marginal decrease of 0.43%. In terms of operational efficiency, selling, general and administrative expenses saw a decline of 3.3% quarter-on-quarter but increased by 13.91% year-on-year. This reflects a mixed trend in expense management, with costs increasing year-on-year while improving in the short term.

Operating income also demonstrated positive momentum, growing 2.25% from the previous quarter and showing a significant increase of 25.48% year-on-year. Earnings per share (EPS) for the second quarter stood at ₹14.43, reflecting a solid growth of 31.3% year-on-year. Investors have shown confidence in Endurance Technologies, with the stock returning 1.66% in the past week, delivering a stellar return of 22.41% in the past six months and a stellar return of 23.13% year-to-date. Currently, the company has a market capitalization of ₹33,483.38 crore, with a 52-week high of ₹3,061.30 and lowest of ₹1,572.35. As of November 7, 2024, sentiment varies among analysts covering Endurance Technologies. Out of 12 analysts, 3 have issued a Strong Sell rating, 2 have a Sell rating, 2 have a Hold rating, 2 have a Buy rating and 3 have issued a Strong Buy rating. As of this date, the consensus recommendation leans towards Hold, reflecting cautious optimism about the company’s future performance.