Amber Enterprises

While many consumer durables companies reported disappointing earnings, missing their profit estimates due to lower margins, the EMS players exceeded expectations with strong revenue and profit growth

Amber Enterprises released its Q3 results on Thursday, after market hours, which showed that the company swung to a net profit of Rs 36 crore as compared to a loss of Rs 0.48 crore a year ago

Stocks from manufacturing and outsourcing hubs stand to benefit under the China Plus One strategy; Technical chart shows that shares of Amber, Aurobindo and others can rally up to 33% from here on.

Shares of Amber Enterprises gained up to 8.57 per cent to hit a new 52-week high at Rs 7,482 a piece on the BSE in Tuesday's intraday trade

The stock of this household appliance company recorded its sharpest intra-day gain since October 23, when it had zoomed 20 per cent

Amber Enterprises reported a consolidated net profit of Rs 20.96 crore as compared to a loss of Rs 5.65 crore a year ago

Management remains optimistic about growth in components (including mobility, electronics, and non-RAC components), new customer additions as well as exports in the next 3-4 years.

Amber Enterprises share price: Amber Group, through its subsidiary IL JIN Electronics, and Korea Circuit will hold 70 per cent and 30 per cent ownership, respectively, in this JV

Amber Fort is the most visited tourist spot in the state attracting 2 million sight-seers in 2023-24, up from around 1 million in 2021-2022, according to the state government

The JV is being set up to manufacture fully automatic top and front load washing machines; Amber will invest Rs 35 crore in Resojet to acquire 50% in the JV

Increase in finance cost, owing to increase in interest rates and higher depreciation on account of capex done in last year and this year, led to decline in profit after tax

The sector saw a dual dynamic in Q2 - revenue growth acted as a current of strength, yet profit margins faced resistance

Despite the recent downturn, the broader trend for the Nifty SmallCap index is likely to remain positive as long as the index holds above the 12,050-level.

Selective small-cap stocks may rally up to 25 per cent, as per their respective charts

The buying is attributed to central government's decision to restrict import of laptops, tablets, and personal computers with immediate effect in a bid to push local manufacturing.

Two stocks are up 14-21% in the last month; Amber has more upside given the target prices

At 01:41 PM, the S&P BSE Consumer Durables index, the top gainer among sectoral indices, was up 1.5 per cent, as compared to 0.11 per cent decline in the S&P BSE Sensex

In Q2FY23, Amber reported a net loss of Rs 2.3 crore as against profit of Rs 8 crore in the year ago period, dragged by fall in EBITDA margin and higher interest costs.

Brokerages prefer Amber Enterprises to Dixon Technologies in the sector

In Q4, EBITDA margins declined by 240 bps to 6.5 per cent, due to delay in passing of higher raw material prices along with sharp increase in employee cost.