AMBER ENTERPRISES: 60% REVENUE GROWTH, BUT PROFITABILITY ...

AMBER ENTERPRISES: 60% REVENUE GROWTH, BUT PROFITABILITY REMAINS UNDER PRESSURE Amber Enterprises India Limited reported strong revenue growth in Q2FY27, supported by robust performance in its Electronics and Consumer Durables businesses. However, rising costs and exceptional expenses impacted overall profitability. **Q2FY27 – Key Financial Highlights (YoY)** - **Revenue:** ₹2,627 Cr | Up 60% - **Operating EBITDA:** ₹127 Cr | Up 30% - **EBITDA Margin:** 4.8% vs 5.9% - **Reported PAT:** Loss of ₹66 Cr - **Adjusted PAT:** Loss of ₹57 Cr **Segment Performance** - **Electronics:** Revenue surged 94% to ₹1,248 Cr, while EBITDA increased 195% to ₹116 Cr. Margins improved to 9.3%. - **Consumer Durables:** Revenue grew 41% to ₹1,227 Cr, but EBITDA remained subdued at ₹4 Cr. - **Railways & Defence:** Revenue increased 15% to ₹152 Cr, with an order book exceeding ₹2,750 Cr. **Key Business Developments** - Entered mobile manufacturing through a partnership with Oppo Mobiles India, covering Oppo, Realme and OnePlus brands. - Trial production targeted for Q4FY27, with commercial production expected in Q1FY28. - Expanding PCB manufacturing capabilities through upcoming facilities at Hosur and Jewar. - Power-One and Ascent Circuits ownership consolidation to simplify the group structure. **Investor Takeaway** Amber's Electronics business remains the key growth driver, with strong revenue expansion and significant margin improvement. However, profitability in Consumer Durables remains under pressure due to commodity inflation, currency fluctuations, wage revisions and new plant ramp-up costs. **Key monitorables:** Electronics growth sustainability, Consumer Durables margin recovery and execution of new manufacturing facilities. *For information and educational purposes only. Not investment advice.* AMBER