Endurance Technologies Gets ₹858.29 Cr Subsidy Boost

Endurance Technologies receives addendum increasing industrial promotion subsidy eligibility to ₹858.29 crore, up ₹252.26 crore from previous ₹606.03 crore under Maharashtra's Package Scheme of Incentives - 2019.

Endurance Technologies Reports 21.9% EBITDA Growth in Q2 with Strong Order Wins

Endurance Technologies reported consolidated total income of Rs 3,604 crore in Q2, with EBITDA growing 21.9% year-on-year to Rs 498 crore. The company's standalone business grew 16.2% driven by industry recovery, while Europe operations showed 47.1% growth in INR terms. The company won new orders worth Rs 909 crore in India including Rs 300 crore for battery packs, and Euro 12.7 million in Europe. Key developments include production commencement at the Alloy Wheel plant with 3.6 million wheels annual capacity, setting up lithium-ion battery pack plant in Pune, and acquiring 100% stake in Maxwell. The company has Rs 4,209 crore of RFQs under discussion with various customers. For the half-year period, consolidated income reached Rs 6,958 crore with EBITDA of Rs 977 crore, up 19.7% year-on-year.