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
IFB Industries, Blue Star, Johnson Controls-Hitachi Air Conditioning India, Voltas and Whirpool of India were up in the range of 2 per cent to 6 per cent on the BSE
As per NSE''s bulk deal data, promoter of Amber Enterprises, Kartar Singh, offloaded 275,000 shares of the firm for Rs 50.63 crore
The company raised Rs 400 crore via QIP
The company's board has approved QIP issue at a floor price of Rs 1,798.72 per share.
The company's operating Ebitda more than doubled at Rs 52 crore in Q3, compared to Rs 26 crore logged in the same quarter last year.
The price band for the IPO is Rs 855 to Rs 859 per share