Amber Enterprises Q2 results: Amber Enterprises India Ltd. experienced a nearly 10% increase in share price on Wednesday, driven by a significant rise in revenue, which nearly doubled. The company reported a net profit of Rs 20.9 crore for the quarter ending September 2024, a stark contrast to the Rs 5.7 crore loss from the same period last year, according to an exchange filing.
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For the July-September quarter, the company’s income from operations surged 81% year-on-year to Rs 1,685 crore, while EBITDA climbed 91% to Rs 114 crore. These figures exceeded Bloomberg’s consensus estimates of a 30% increase in revenue and a 41% rise in EBITDA.
Amber Enterprises has recently introduced various new products, including tower air conditioners and high-efficiency split air conditioners, contributing to robust sales growth this year. The consumer and electronics division saw revenues nearly double compared to the previous financial year, with operating EBITDA tripling for these segments.
The company has demonstrated significant strength in its consumer electronics division, prompting it to raise its full-year guidance for fiscal 2025 to 45%, up from the previous 35%.
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As a key player in the heating, ventilation, and air conditioning sectors, Amber Enterprises operates 27 manufacturing facilities across India, focusing on a variety of product segments, including room air conditioners and RAC components.
