October 23, 2024
New Delhi, India
Amber Enterprises Shares
Shares of Amber Enterprises India skyrocketed nearly 20% on Wednesday, reaching an all-time high of ₹6,815.85 after the company reported robust Q2 FY25 results, surpassing market expectations. The company recorded a consolidated revenue growth of 82% year-over-year (YoY), reaching ₹1,685 crore, primarily driven by strong consumer demand during prolonged summers and lower channel inventories.
Profit Turnaround and Strong Division Growth
Amber Enterprises posted a profit after tax of ₹19.24 crore, a major turnaround from the ₹6.94 crore loss in the same quarter last year. The Consumer Durables division grew 95% YoY, supported by the performance in both residential air conditioners (RAC) and non-RAC components. Meanwhile, the Electronics Division saw a 98% YoY revenue surge, driven by the expansion into new business lines and PCB manufacturing through a joint venture with Korea Circuit.
Product Expansion and Strategic Moves
In the Consumer Durables segment, Amber continues to expand its product offerings, including Tower Air Conditioners and Inverter Series units. The company also converted a major MNC customer from a gas charging service to a full Original Design Manufacturing (ODM) solution and onboarded a new customer in its Tower AC segment.
Long-Term Growth Potential
Amber Enterprises is also diversifying through its Electronics Division, expanding into PCBA and PCB manufacturing. Additionally, the company’s order book and product additions in railway subsystems and defense signal long-term growth potential.
Amber Enterprises Shares closed 12.57% higher at 6408 INR today.
Latest Q2 Results
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