Business EconomyPosted at: Jan 23 2025 7:25PM


Amber Enterprises net profit at Rs 37 crore in Q3 versus Re 1 crore loss in Q3 last fiscal

New Delhi, Jan 23 (UNI) Amber Enterprises on Thursday said that it has turned around and reported a profit of Rs 37 crore for the third quarter (October-December) of financial year 2024-25 as against Re 1 crore loss in the same quarter of last financial year.
The company’s consolidated revenue grew 65 percent at Rs 2,133 crore during the reporting quarter of current financial year, the company said in a release.
Amber Group is a major player in the HVAC industry, serving customers since 1990. The Group (along with its subsidiaries) operates across three business verticals “Consumer Durables Division”, “Electronic Manufacturing Services (EMS) Division” and “Railway Subsystems & Defence Division”.
Commenting on the results and performance for Q3 and nine months of Y25, Mr. Jasbir Singh, Executive Chairman & CEO and Whole time Director of Amber Enterprises India Ltd. Said “We are pleased to report the robust financial performance for Q3FY25. The Consumer Durable division reported strong growth of 67 percent YoY, led by the underlying RAC industry channel inventory filling in anticipation of positive summer season, and aided by deepening of the customer relationships.”
The Electronic division continues to be on transformative growth momentum with revenue growth of 96 percent YoY in Q3FY25. The growth levers are in place for further rapid scale up with addition of business application on PCB Assembly front, and on the Bare board front, the Ascent facility expansion coupled with JV with Korea Circuit for HDI, Flex and Semiconductor substrates PCB will pave the way for growth, the company said.
The Railway Sub-systems & Defense division revenue witnessed a 13 percent decline on a YoY basis in Q3FY25, impacted by deferral in offtake of products. However, the delay in Indian Railways offtake is more momentary and with no cancellations of order. We remain optimistic for the strong growth trajectory of the division over long-term, backed by the order book and products expansion.
Overall, with the key strategic initiatives in each division, we are well poised to attain new scale for the company, the company added.
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