Amber Enterprises tanks 18% on weak Q4 operational performance

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.

Shares of Amber Enterprises tanked 18 per cent to Rs 2,780 on the BSE in Monday’s intra-day trade in an otherwise firm market after the company reported a weak operational performance. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) margins were down 240 bps to 6.5 per cent, due to delay in passing of higher raw material prices along with sharp increase in employee cost.

Amber Enterprises is a market leader in domestic room air conditioner (RAC) industry and air conditioning industry for mobility applications such as railways, metros, buses etc.

The stock has slipped 31