Endurance Technologies Ltd (CN) Q1 2022 Earnings Call Hosted by Axis Capital Ltd Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Pramod Amthe - CIMB Research - Analyst : This is with regard to the aluminum casting. In the annual report, you had talked about expanding into non-auto tractor. What is going to drive this in the sense, are there any regulatory changes which are happening or are these the import substitutions you are trying, -- Why is these segments looking for aluminum castings?

Question: Pramod Amthe - CIMB Research - Analyst : And the second 1 is with regard to the ABS opportunity. Looking at the monopoly of 1 player there, and might be the technology and the things they do. What is the -- other than the technology type which you made, what is the extent of the attraction you offer on the price versus the leader one? And second, how do you achieve those costs to reach those price difference in the region?

Question: Pramod Amthe - CIMB Research - Analyst : For ABS. What's the price difference you will start with and will it merge gradually as you get to --?

Question: Aditya S. Makharia - HDFC Securities Limited, Research Division - Analyst : Just on the inorganic opportunity, I didn't get what you said that you are looking to acquire something, which gives you EV capabilities? Or I mean, just a thought process on the ...

Question: Aditya S. Makharia - HDFC Securities Limited, Research Division - Analyst : Okay. So are you actively talking -- Or is this like a statement you mentioned which could happen over the next 1, 2 years?

Question: Aditya S. Makharia - HDFC Securities Limited, Research Division - Analyst : Okay. And just last question, your earlier acquisitions have been fairly small. They've given you a lot of capability with the Italian companies you acquired, but the turnover is relatively limited. So I guess that is the thought process you are moving ahead with, right?

Question: Aditya S. Makharia - HDFC Securities Limited, Research Division - Analyst : Into either, yes, right. Got it. And you want -- just last question, there's no leverage, which we'll take on the balance sheet, which you've never taken so far. So that's capital allocation point of view.