Amber Enterprises reported strong Q3 FY26 consolidated revenue of INR2,943 crores (up 38% YoY) and operating EBITDA of INR247 crores (up 53% YoY). The Consumer Durable division grew 27% in revenue, while Electronics revenue soared 79% following the Shogini Technoarts acquisition. The company confirmed significant capital expenditure plans for manufacturing expansion in Jewar and Pune, supported by government schemes like ECMS.
Q3 FY26 Consolidated Financial Highlights
Amber Enterprises India Limited announced robust financial results for the third quarter ending December 31, 2025. Consolidated revenue for the quarter stood at INR2,943 crores, marking a substantial growth of 38% compared to the previous year. Operating EBITDA surged by 53% year-on-year, reaching INR247 crores. Profit After Tax (PAT) before exceptional impairment of Shivalik grew by 128% to INR84 crores, although the reported PAT reflected a INR94 crore exceptional impairment loss related to the investment in Titagarh Firema, Italy.
For the 9-month period of FY26, consolidated revenue reached INR8,039 crores (growth of 29% YoY), with operating EBITDA at INR608 crores (growth of 26% YoY).
Segmental Performance Breakdown
Consumer Durable Division
This division demonstrated resilience despite industry challenges: Revenue grew 27% in Q3 FY26, and EBITDA grew 22%. Management noted that the industry outlook for the full year remains flattish, though Amber expects division growth between 13% to 15%. The division is navigating the transition to revised, higher efficiency BEE Star rating norms effective January 1, 2026.
Electronics Division
The Electronics division experienced significant momentum, with revenue increasing 79% year-on-year to INR845 crores, driven by the PCBA vertical and new additions. The ILJIN subsidiary acquired an 80% stake in Shogini Technoarts. Quarterly operating EBITDA grew 157% to INR88 crores. The division anticipates achieving double-digit EBITDA margins in FY ’27, slightly ahead of earlier targets.
Railway Subsystem and Defense Division
This segment recorded revenue growth of 20%, supported by railway and metro projects. Backed by an order book visibility exceeding INR2,600 crores, management is optimistic about doubling the division’s revenue over the next two financial years. Defence contribution is expected to grow significantly, aiming for 20% of Sidwal’s books within two years.
Strategic Expansion and Capex
Management highlighted several major strategic capital expenditure initiatives:
- Ascent-K Circuit: Secured 16 acres in Jewar near the new Noida airport for state-of-the-art HDI PCB manufacturing, with groundbreaking expected soon.
- Overall Jewar Allotment: The company secured 100 acres of land in Jewar for future expansion.
- Korea Circuits (KCC) JV: The first phase involves an investment of INR1,200 crores over approximately 18 months, with an offtake agreement already signed with KCC.
- Pune Expansion: Organic expansion construction is expected to conclude by March/April, with operations starting in May.
Furthermore, ILJIN Electronics successfully concluded fundraising, securing the entire INR1,750 crores from investors, providing a strong balance sheet foundation for the electronics growth phase.
Future Outlook and Guidance
The company remains focused on value-added products and backward integration, particularly in the electronics space. While commodity price pressure lags by one quarter, management expects the pass-through to occur. For the Consumer Durable division, the outlook for FY27 is guided toward 15% growth. The company expects a strong growth story across all divisions as current projects commence commercial production between Q4 FY26 and H2 FY27.
Source: BSE
