Endurance Technologies Limited CC-Nov25.pdf · 2025-11-13
On the India business, on the 4W side, we have been winning a lot of orders, but our revenue has been stuck at around 5% to 6% of total revenues. How do you see revenue scaling up in this business over the next 2 years? Will the contribution from this business go up meaningfully from here on? And my second question is on Europe. In Europe, earlier you used to say that, a lot of EV business is coming in, where investments initially will be higher? So, we should start looking at our EBIT margin. Your depreciation expenses have gone up substantially. Is it because of EV investment?
You mentioned that the depreciation is increasing because of some startup costs. So, is it going to be the normal run rate, or you will see depreciation coming off beyond once the plant starts, or it's going to stay around the similar levels?