Amber Enterprises India reported its Q2 & H1 FY26 results. The company delivered revenue of INR1,647 crores for the quarter. Despite a 30-35% decline in the room air conditioning industry, the company maintained almost flat revenue compared to the previous year. The company also raised equity funds of approximately INR1,000 crores during the quarter.
Financial Performance Overview
Amber Enterprises India announced its Q2 and H1 FY26 financial results, showcasing resilience amidst challenging market conditions.
Key highlights:
- Revenue: Recorded INR1,647 crores in Q2, remaining nearly flat compared to the previous year despite a significant downturn in the RAC industry.
- EBITDA: Operating EBITDA for the quarter stood at INR98 crores, a 19% decline.
- Profitability: Experienced a loss after tax of INR32 crores due to increased financing costs and JV losses.
Segment Performance
Consumer Durables Division
- Revenue declined by 18%, attributed to adverse weather and deferred purchases due to GST rate changes.
- Looking ahead, the company anticipates 13-15% growth for the year, driven by product diversification and market share gains.
Electronics Division
- Achieved revenue of INR642 crores in Q2, reflecting a robust 30% year-over-year growth.
- EBITDA increased by 5% year-on-year, reaching INR39 crores.
- This division secured funding of INR1,750 crores for expansion initiatives.
Railway Subsystem and Defense
- Recorded revenue of INR132 crores, a 7% increase, with an EBITDA of INR21 crores.
- The division anticipates doubling its revenue over the next two financial years, supported by a strong order book of INR2,600 crores.
Strategic Developments
Amber Enterprises successfully raised equity funds of approximately INR1,000 crores via QIP. ILJIN completed the acquisition of a majority stake in Power-One Microsystems and a controlling stake in Unitronics.
The company’s application for Ascent multilayer PCB project has been approved under the ECMS scheme, with an investment of INR991 crores planned.
Source: BSE
