Endurance Technologies Ltd (NSE:ENDURANCE)
₹ 2348.1 -12 (-0.51%) Market Cap: 330.29 Bil Enterprise Value: 325.12 Bil PE Ratio: 43.14 PB Ratio: 6.24 GF Score: 91/100
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Q3 2020 Endurance Technologies Ltd (CN) Earnings Call Transcript

Feb 07, 2020 / 04:30AM GMT
Release Date Price: ₹1077.1 (-1.76%)
Nishit Jalan
Axis Capital Limited, Research Division - Executive Director of Auto

Welcome to the Q3 FY '20 result conference call of Endurance Technologies. From the management, we have with us Mr. Anurang Jain, Managing Director; Mr. Ramesh Gehaney, our Director and COO; Mr. Massimo Venuti, Director and CEO, Endurance Overseas; Mr. Satrajit Ray, Director and Group CFO; and Mr. Raj Mundra, Treasurer and Head, Investor Relations.

I'll now hand over the call to Mr. Jain for his opening remarks, post which we can have Q&A. Over to you, Mr. Jain.

Anurang Jain
Endurance Technologies Limited - MD & Director

Thank you very much and good morning to everybody. I would like to share the details of how Endurance has done in both the third quarter and the first 9 months of 2019/'20.

The first 9 months of 2019/'20 have been tough for the 2-wheeler industry, which is 78% of the Endurance sales in India. As for the CM data, the 2-wheeler sales industry -- the 2-wheel industry sales degrew by 12.8% as compared to the first 9 months of the previous

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