Business
Endurance Technologies slips 8% as Q3 profit halves to Rs 95 crore
Shares of Endurance Technologies fell 8% to Rs 1,423 in intraday trade on Wednesday after the company’s profit after tax (PAT) halved to Rs 94.6 crore in Q3FY22 due to weak operating results . The auto parts and equipment company posted a PAT of Rs 1.9 crore in the same period last year (Q3 FY21).
Consolidated operating income fell 7% year-on-year to Rs 1,889 crore compared to Rs 2,041 crore in the previous quarter. Earnings before interest, tax, depreciation and amortization (Ebitda) fell 41% year-on-year to Rs 2,107 crore, while profit margins contracted by 640 basis points to 11.1% in the quarter.
Management said the market this year has been dampened by headwinds such as weak rural demand and rising cost of ownership. “In the EU (including the UK), new car registrations fell 23.4% year-on-year in the third quarter. The European auto market is deeply affected by semiconductor shortages and soaring energy prices,” management said.
Endurance is one of the leading auto parts manufacturers with a wide range of technology-enhanced products in India and Europe (Italy and Germany). In India, the company primarily serves two- and three-wheel OEM5 products including aluminum castings, suspension, transmission and braking systems. In Europe, the company mainly serves four-wheeled vehicle OEM5, mainly supplying aluminum casting products.
Complete News Source : Business Standard
Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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