Amber Enterprises reported robust consolidated performance for Q3FY26, with Revenue growing 38% YoY to ₹2,943 Cr and Operating EBITDA expanding 53% YoY to ₹247 Cr. The Electronics Division saw a massive 79% YoY Revenue growth in Q3FY26, driven by recent acquisitions. Key expansion activities include approvals for ECMS schemes totaling ₹3,700 Cr and securing significant land parcels for new manufacturing facilities near Jewar Airport.
Q3 & 9MFY26 Consolidated Financial Highlights
Amber Enterprises India Limited announced its financial results for the Third Quarter and Nine Months ending December 31, 2025 (Q3 & 9MFY26). The consolidated performance showed strong upward momentum across key metrics.
Q3FY26 Performance Overview (In ₹ Crore)
- Revenue from Operations increased 38% YoY to ₹2,943 Cr (from ₹2,133 Cr in Q3FY25).
- Gross Margins improved to 19.7% (from 18.7% YoY).
- Operating EBITDA grew by 53% YoY, reaching ₹247 Cr (from ₹162 Cr). The margin improved to 8.4%.
- Profit After Tax (PAT) saw significant turnaround, reporting a positive PAT of (₹9 Cr) compared to ₹37 Cr in Q3FY25, primarily due to an exceptional item of (₹103 Cr) related to an impairment of investment in Shivalik.
- Adjusted PAT (before the exceptional item) stood at ₹84 Cr.
9MFY26 Performance Overview (In ₹ Crore)
- Revenue grew 29% YoY to ₹8,039 Cr (from ₹6,219 Cr).
- Operating EBITDA increased 26% YoY to ₹608 Cr (from ₹482 Cr), with margins largely stable at 7.6%.
- PAT stood at ₹64 Cr, reflecting a 52% decrease YoY, also impacted by the exceptional item recorded in Q3.
- Adjusted PAT was ₹158 Cr, up from ₹133 Cr YoY.
Key Business Highlights and Expansion
The company highlighted several strategic developments across its divisions, underpinning future growth.
Expansion & Corporate Actions
- ECMS Approvals: Secured approval under the Electronic Manufacturing Component Scheme (ECMS) for Ascent-K Circuit (JV with Korea Circuits) for HDI PCB application worth ₹3,200 Cr, and for Shogini Technoarts for multi-layer PCBs worth ₹500 Cr.
- Land Allotment: Secured 16 acres for Ascent-K Circuit Pvt Ltd and 100 acres for Amber Enterprises in YEIDA, near the upcoming Jewar Airport.
- Fund Raise: ILJIN Electronics concluded a fund raise of ₹1,750 Cr, receiving ₹1,380 Cr in Q3FY26.
- Acquisitions: ILJIN Electronics completed stake purchases in Unitronics (current holding ~45.5%) and 80% stake in Shogini Technoarts as of December 1, 2025.
Division Performance Deep Dive
Consumer Durables Division
This division demonstrated strong organic growth, continuing its trajectory despite industry changes.
- Q3FY26 Growth: Revenue grew 27% YoY (to ₹1,971 Cr) and Operating EBITDA grew 22% YoY (to ₹141 Cr).
- Outlook: Management remains optimistic to outperform the industry, expecting growth of 13-15% for the full year.
- Industry Update: The RAC industry transitioned to revised, higher-efficiency BEE rating norms effective January 1, 2026.
Electronics Division
The division is rapidly evolving into a full-stack electronic company following strategic acquisitions.
- Q3FY26 Growth: Revenue exploded by 79% YoY to ₹845 Cr. Operating EBITDA surged 157% YoY to ₹88 Cr, with margins reaching 10.5%.
- Revenue Mix: PCB-A & Box Build constitutes 83% of Q3FY26 revenue, while Bare PCB is 17%.
- Expansion: Construction continues at the Ascent Circuits multi-layer PCB facility in Hosur (Investment: ₹991 Cr) and the Ascent-K Circuit facility in Jewar (Investment: ₹3,200 Cr).
- Unitronics & Shogini: These acquisitions are expected to drive margins into the double digit by FY27.
Railway Sub-systems & Defense Division
This segment showed healthy traction, especially in defense projects.
- Q3FY26 Growth: Revenue grew 20% YoY to ₹127 Cr. Operating EBITDA jumped 49% YoY to ₹18 Cr, with margins improving to 13.9%.
- Order Visibility: The division maintains an order book visibility of ₹2,600+ Cr.
- Operational Updates: The Sidwal JV experienced an impairment charge related to its investment in Titagarh Firema, Italy, which was treated as an exceptional item. New product development in the Yujin Machinery JV (Brakes) and the Greenfield facility expansion are progressing well.
Source: BSE
