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.
In Q3FY22, the company's revenue, Earnings before interest tax and depreciation and amortization (EBITDA) and profit after tax (PAT) surpassed the pre-pandemic level.
Amber Enterprises India, a manufacturer of AC components, received a normal investment of Rs 300 cr
Shares of the two companies have rallied close to 600 per cent and 260 per cent from 2020, raising doubts over further gains
EBITDA margins declined 134 basis points to 4.8 per cent in Q2FY21 due to de-operating leverage playing out considering the dip in revenues
The government on Thursday banned imports of air conditioners with refrigerants with a view to promote domestic manufacturing and cut imports of non essential items