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Amber Enterprises India Results: Latest Quarterly Results & Analysis

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Amber Enterprises India Ltd. 30 Jul 2025 12:13 PM
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Q1FY26 Quarterly Result Announced for Amber Enterprises India Ltd.

Consumer Electronics company Amber Enterprises India announced Q1FY26 results

  • Revenue of Rs 3,449 crore, growth of 44% over same quarter of previous year
  • Operating EBITDA of Rs 263 crore, growth of 31% over same quarter of previous year
  • Profit After Tax (PAT) of Rs 106 crore, growth of 42% over same quarter of previous year

Daljit Singh, Managing Director said: “We are pleased to report a robust performance for the quarter with Revenue from Operations of Rs 3,449 crore, reflecting a growth of 44% YoY, resultant Operating EBITDA of Rs 263 crore, growth of 31% YoY and PAT of Rs 106 crore, translating into growth of 42% on a YoY basis.

Consumer Durables Division

The Consumer Durables division delivered revenue growth of 33% YoY despite a challenging RAC season driven by a strong portfolio, deepening customer relationships, and component business expansion. We remain optimistic of outpacing RAC industry growth for the year.

Electronics Division

The Electronics Division continues to demonstrate transformational growth, recording a YoY revenue increase of 97% in Q1FY26.

We are pleased to share that we have filed two applications under the Electronics Component Manufacturing Scheme for Multi-layer PCBs through Ascent Circuits and HDI PCBs through Korea Circuit JV.

Amber Group, through ILJIN Electronics, signed a definitive agreement to acquire a majority stake in Power-One Micro Systems Pvt. Ltd on 27th June 2025. This strategic move provides a strong foothold to Amber’s Electronics Division in the rapidly expanding sector of Battery Energy Storage Systems (BESS), Solar Inverters (On Grid, Off Grid and Hybrid), EV charges and UPS.

Additionally, Amber Group through ILJIN signed definitive agreements to acquire a controlling stake in Israel-based Unitronics (1989) (R"G) Ltd. on 27th July 2025, offering comprehensive solutions in Industrial Automation and Control Systems such as PLCs (Programmable logic controllers), HMIs (Human-Machine Interface), PLCs with integrated HMIs, VFDs (Variable Frequency Drives), Servo Drives, SaaS solutions like UniCloud, and Industrial Internet of Things (IIoT) with built-in business intelligence, supported by its allin-one software for machine and process control across various industries. Unitronics has robust global presence with US and Europe as the key market.

Together, this marks a significant addition to our Electronics Division – ILJIN, expanding its portfolio from Consumer Durables, Hearable and Wearable, Telecom, Automotive, Energy Meters, Defense into high potential industrial segment. The strategic action coupled with the rapidly growing PCB-A vertical and significant expansion of Bare PCB lays a strong foundation for the division to drive its next phase of rapid scale-up.

Railway Sub-systems & Defense Division

The Railway Sub-systems & Defense division witnessed a revenue growth of 29% on a YoY basis in Q1FY26, driven by product offtake particularly in Metro projects. We remain confident of the division’s long-term growth, driven by a healthy order book and an expanding product portfolio.

Overall, our focused strategic initiatives across divisions position us well to enter the next phase of the company’s growth.”

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Consumer Electronics company Amber Enterprises India announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue of Rs 3,754 crore, growth of 34% over same quarter of previous year
  • Operating EBITDA of Rs 314 crore, growth of 34% over same quarter of previous year
  • Profit After Tax (PAT) of Rs 118 crore, growth of 20% over same quarter of previous year

FY25 Financial Highlights:

  • Revenue of Rs 9,973 crore, growth of 48% over previous year
  • Operating EBITDA of Rs 796 crore, growth of 53% over previous year
  • Profit After Tax (PAT) of Rs 251 crore, growth of 80% over previous year

Commenting on the results for Q4 & FY25, Daljit Singh, Managing Director said: “We are pleased to report that FY25 has been a phenomenal year, both in terms of the performance and progression of the company. We delivered a robust consolidated performance for the year with Revenue from Operations of Rs 9,973 crore reflecting a growth of 48% YoY, and resultant Operating EBITDA of Rs 796 crore, growth of 53% YoY and record PAT of Rs 251 crore, translating into growth of 80% on YoY basis.

On the progression of the company, we undertook strategic collaborations and actions emphasised below to reshape the growth trajectory of the company during the year. We are prudently allocating capital towards the technology intensive manufacturing businesses and creating competitive edge with backward integration, strategic collaboration, manufacturing excellence, scale to strengthen the customer relationships and enhance our margin profile, in line with the ‘Aatmanirbhar Bharat’ vision of Government of India, fostering domestic capabilities.

We applaud the launch of new Electronic Component Scheme by Government of India; And, on way forward we plan to file application for the PCB categories in the scheme.

Overall, with key strategic initiatives in each division, we are well poised to attain new scale for the company”

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Consumer Electronics company Amber Enterprises India announced 9MFY25 & Q3FY25 results

Q3FY25 Financial Highlights:

  • Consolidated Revenue of Rs 2,133 crore, growth of 65% over Q3FY24.
  • Operating EBITDA of Rs 162 crore, growth of 97% over Q3FY24.
  • Profit After Tax (PAT) of Rs 37 crore, against loss of Rs 1 crore in Q3FY24.

9MFY25 Financial Highlights:

  • Consolidated Revenue of Rs 6,219 crore, growth of 59% over 9MFY24.
  • Operating EBITDA of Rs 482 crore, growth of 69% over 9MFY24.
  • Profit After Tax (PAT) of Rs 133 crore, growth of 228% over 9MFY24.

Jasbir Singh, Executive Chairman & CEO and Whole time Director of Amber Enterprises India, said: “We are pleased to report the robust financial performance for Q3FY25. The Consumer Durable division reported strong growth of 67% YoY, led by the underlying RAC industry channel inventory filling in anticipation of positive summer season, and aided by deepening of the customer relationships.

The Electronic division continues to be on transformative growth momentum with revenue growth of 96% YoY in Q3FY25. The growth levers are in place for further rapid scale up with addition of business application on PCB Assembly front, and on the Bare board front, the Ascent facility expansion coupled with JV with Korea Circuit for HDI, Flex and Semiconductor substrates PCB will pave the way for growth.

The Railway Sub-systems & Defense division revenue witnessed a 13% decline on a YoY basisin Q3FY25, impacted by deferral in offtake of products. However, the delay in Indian Railways offtake is more momentary and with no cancellations of order. We remain optimistic for the strong growth trajectory of the division over long-term, backed by the order book and products expansion.

Overall, with the key strategic initiatives in each division, we are well poised to attain new scale for the company.”

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Consumer Electronics company Amber Enterprises India announced Q2FY25 results

  • Consolidated Revenue grew by 82% YoY in Q2FY25 Rs 927 crore compared to Q2FY24 Rs 1,685 crore, lead by strong consumer demand owing to prolonged summers and lower channel inventories during the period.
  • Operating EBITDA in Q2FY25 grew by 85% YoY, reflective of our blend of strategy for RAC and the components complimented with the growth in Electronic Division.
  • Groundbreaking ceremony for manufacturing plant of Ascent at Hosur, Tamil Nadu, the new plant will add annual capacity of upto 8,40,000 SqM in two phases.
  • Entered Joint Venture agreement with Korea Circuit to foray into the advanced manufacturing of HDI, Flex, and Semiconductor Substrates PCBs.
  • Strong order book and new product additions in Railway subsystems and defense providing long term visibility on growth.

Jasbir Singh, Executive Chairman & CEO and Whole time Director of Amber Enterprises India Ltd. said: “For Q2FY25, our consolidated revenues surged by 82% year-over-year to Rs. 1,685 crore, our Operating EBITDA grew to Rs 120 crore, reflecting 85% increase from the previous year. Our profit after tax grew to Rs 21 crore during the period against the loss of Rs 6 crore during corresponding period of previous year.

The Consumer Durable division clocked robust growth during the quarter owing to favourable weather and channel filling. Propelled by both the vertical of RAC and Non-RAC Components division with strong growth of 104% and 68% respectively, and resultant blended growth of 95%. Additionally, during the quarter we onboarded one new customer for the tower AC and successfully converted a customer from gas charging to ODM solutions.

The Electronics division, reported a robust growth of 98% against previous year. We are pleased to inform of the Ground-Breaking ceremony of a new manufacturing plant for Ascent at Hosur, Tamil Nadu. Additionally, inked a JV agreement with Korea Circuit, the JV will foray us into advanced manufacturing of HDI, Flex, and Semiconductor Substrates PCBs.

The Railway Sub-systems & Mobility division saw a 6% year-over-year decline in Q2FY25 revenues during the quarter, due to slow lifting of material by Indian Railways as production is more focused towards Non-AC coaches. This shift of focus is momentary and no order cancellation done by Indian Railways. Backed by the strong order book and products expansion, we remain optimistic for the robust potential of the division in the long-term horizon.

Overall, with the key strategic initiatives of Ascent’s new plant expansion and JV with Korea Circuit we are well poised to attain new scale for the company.”

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Consumer electronics company Amber Enterprises India announced Q1FY25 results:

  • Revenue grew by 41% YoY due to strong demand for RAC owing to favorable summer season
  • Increase in operating EBITDA margins to 8.3% is reflective of our blend of strategy for finished goods and the components
  • Expansion of product portfolio like Tower Air conditioners, Window Top Throw Inverter Series, Tropical high efficiency split air conditioners and Cassette Air Conditioners
  • Induction of bare PCBs in electronics division opened new avenues in segment of automobile, defense, medical, energy solutions and aerospace
  • Strong order book and new product additions in Railway subsystems and defense providing longterm visibility on growth

Commenting on the results and performance for Q1FY25, Jasbir Singh, Executive Chairman & CEO and Whole time Director of Amber Enterprises India said: “For Q1FY25, our revenues surged by 41% year-over-year to Rs 2,401 crore due to strong demand for RAC owing to favorable summer season. Operating EBITDA also rose to Rs 200 crore, reflecting a 45% increase from the previous year, and improving operating margins to 8.3%. Our profit after tax grew by a robust 60% YoY in Q1FY25.

Owing to favourable weather conditions and good secondary sales, we recorded a growth of ~50% year over year in the RAC whereas the non–RAC components vertical grew by ~39% year over year. On a blended basis, this division grew by 44% YoY.

The electronics division, on the back of strategic acquisitions, has reported a robust performance with a 45% year-over-year increase in revenues. We are glad to inform that we have received our first order for defense products in this segment. Additionally, Amber acquired and increased its share in ILJIN and EVER to 90.2% each. Given the strong order book, we believe this division should grow by 45% year over year in FY25 as against the earlier guidance of 35% growth for this financial year.

The Railway Sub-systems & Mobility division saw a 9% year-over-year decline in revenues during this quarter due to slow lifting of material by Indian Railways as production is more focused on Non-AC coaches. Also, there is a delay in Metro projects due to shortage of sub systems. The long-term horizon of this division stands to be robust.

Overall, all the three business divisions of Amber are well placed, and we are very excited for the opportunities that lie ahead of us.”

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Consumer Electronics company Amber Enterprises India announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue: Rs 2,805 crore down from Rs 3,003 crore in Q4FY23
  • PAT: Rs 99 crore down from Rs 108 crore in Q4FY23
  • EBITDA: Rs 240 crore up from Rs 222 crore in Q4FY23

FY24 Financial Highlights:

  • Revenue: Rs 6,729 crore down from Rs 6,927 crore in FY23
  • PAT: Rs 139 crore down from Rs 164 crore in FY23
  • EBITDA: Rs 547 crore up from Rs 471 crore in FY23

Commenting on the results and performance for Q4 & FY24, Jasbir Singh, Executive Chairman & CEO and Whole time Director of Amber Enterprises India said: “For FY24, our revenues reached Rs 6,729 crore, while our operating EBITDA increased to Rs 519 crore, marking a 9.3% YoY growth and resulting in an 80 basis points improvement in operating margins compared to the previous year. This improvement in operating EBITDA is due to a better product mix. However, our PAT for the year was affected by higher finance costs and depreciation.

Our recent acquisition of a 50% stake in Resojet Pvt. Ltd. for the manufacturing of fully automatic top and front load washing machines represents a significant step forward in expanding our Consumer Durables portfolio. This joint venture will help us strengthen our Consumer Durables Division, broaden our footprint beyond RAC, enhance our capabilities, and offer more comprehensive solutions to meet evolving customer needs, deliver high-quality products, and develop the local manufacturing ecosystem in India.

The acquisition of a 60% stake in Ascent Circuits has strengthened our EMS portfolio by integrating our current product lineup and expanding our customer base, leveraging Ascent’s technical expertise. This also increases local value addition and provides backward integration into the passive components of PCB assemblies for diverse applications.

Furthermore, AT Railway Sub Systems, a wholly-owned subsidiary of Sidwal, has entered into a joint venture with Yujin Machinery of South Korea. This collaboration will expand our product offerings and allow us to acquire Yujin’s technical expertise in manufacturing driving gears, couplers, and pantographs for various rolling stocks.

With all these initiatives across our divisions, we have laid a strong foundation for robust growth over the next decade. Each division is well-positioned to capture multibillion-dollar opportunities in the coming years.”


     

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Consumer Electronics company Amber Enterprises India announced Q2FY24 results:

1. Financial Performance
- Revenue for Q2FY24 increased by 24% to Rs 927 crores compared to the same quarter last year.
- Operating EBITDA for Q2FY24 improved to Rs 65 crores, showing an increase of 25%.
- Despite weak demand in the Room Air Conditioner (RAC) segment due to unseasonal weather patterns, margins improved during the quarter.

2. Product Mix and Contribution
- RAC finished goods contributed 40% to the consolidated revenue.
- Non-RAC components category improved to 39% of the revenue.

3. Business Diversification
- The company has diversified its offerings beyond RAC to include solutions for home appliances, consumer electronics, wearables, hearables, telecom, and automobile segments.
- A joint venture with Nexxbase Marketing Private Limited has been formed to undertake manufacturing, assembling, and designing of wearables and smart electronics products.

4. Mobility Segment
- Sidwal, a subsidiary of Amber Enterprises, is expanding its footprint in the mobility HVAC industry and is now venturing into railway sub-systems space by adding products such as doors, gangways, and pantry systems.
- Sidwal provided HVAC systems for the recently inaugurated new RRTS (to be known as Namo Bharat).
 

 

 

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Consumer Electronics company Amber Enterprises India announced Q4FY23 & FY23 results:

Q4FY23:

  • Revenue at Rs 3,003 crore Up 38%
  • Operating EBITDA at Rs 204 crore Up 54%
  • PAT at Rs 108 crore Up 82%

FY23:

  • Revenue at Rs 6,927 crore Up 65%
  • Operating EBITDA at Rs 475 crore Up 61%
  • PAT at Rs 164 crore Up 47%

Commenting on the results and performance for Q4FY23, Mr. Jasbir Singh, Chairman & CEO of Amber Enterprises India Ltd. said: “We are happy to report a revenue of Rs 6,927 cr for FY23, a growth of 65% over the same period last year.

The company has transformed from a RAC player to a diversified B2B solution provider since the IPO launch in 2018.

While Room Air Conditioner remains our focus segment, our other four divisions (Electronics, Motors, Mobility and components) within the group, are witnessing a rampant growth ultimately strengthening the top line and bottom line.

We are focused on prudent asset allocation for better return on investment, while balancing growth and profitability and improving return ratios.

ROCE has improved from 11% in FY22 to 15% in FY23 and it is further expected to improve in the range of 19% to 21% in next 2-3 years time.

Our strong fundamentals, experienced leadership, and dedicated team position us well to capitalize on emerging trends and opportunities in the industry. From here on, the only way for us is ahead, and the only change we are focused on embracing is growth.”

 

 

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Consumer Electronics firm Amber Enterprises India announced Q1FY23 Result :

  • For Q1FY23, we were able to surpass the pre-pandemic sales level, indicating that demand is returning to normal
  • We were able to pass on the commodity price increase to our customers with a quarterly lag
  • High costs of raw materials and logistics continued to have an unfavourable impact on operating profit in percentage terms

Commenting on the results and performance for Q1FY23, Mr. Jasbir Singh, Chairman & CEO of Amber Enterprises India Ltd. said: “In comparison to Q1FY20, the previous comparable first quarter of normal business and economic activity, the performance of Q1FY23 stands out. The quarter continued to bring challenges related to inflation, rising interest rates and foreign exchange fluctuations. With the recent revision in BEE ratings for the AC industry from 1st July 2022, there will be price increases across Air conditioners but with easing of commodity costs, we believe, demand will not be much impacted.

Considering the Q1 sales and order book for the rest of the year, we are confident that we will be able to reach the PLI threshold level and qualify for the PLI incentives for the first year. On the new greenfield facility, SriCity plant will be operational during H2 FY23.

At Amber, all the business divisions are ready to take advantage of multiple opportunities. Our goal is to capture the bulk of RAC and component market share. We believe the available opportunities will boost our position in domestic market while also providing a solid foundation for exports market going forward.”

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Consumer Electronics Company Amber Enterprises India declares Q3FY22 result:

  • For 9MFY22 RAC contributed 46% of Total Revenue Components & Mobility Application contributed 54% of Total Revenue
  • On a standalone performance, the decline in profitability is due to commercialization expenditures for three new facilities in Kadi (Gujarat) for injection molding, Chennai (Tamil Nadu) for sheet metal components and heat exchangers, and Supa (Maharashtra) for sheet metal components. Once revenue starts flowing in, we expect profitability to normalise.
  • With a surge in demand for air-conditioned coaches and many forthcoming Metro projects around the country, we have also strengthened our product portfolio for Railways, Metros, and Bus Air Conditioning in Sidwal.

Commenting on the results and performance for Q3 & 9MFY22, Mr. Jasbir Singh, Chairman & CEO of Amber Enterprises India Ltd said: “I'm pleased to report that on all metrics, including Revenue, EBITDA, and PAT, we were able to surpass the pre-pandemic level for the quarter. This demonstrates the customers’ positive demand prospects.

Rising raw material prices and supply chain issues continued to plague the quarter. Amber has been able to pass on higher raw material prices to the customers and channel inventory levels are being managed by effective supply chain planning in line with growth expectations.

To enhance the R&D capabilities, we are undertaking a number of short-term and long-term R&D initiatives as we believe that high value added, and technology-driven components will further help us to provide opportunities to capture shifts in customer preferences along with evolving regulatory requirements.”

 

 

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