AMBER ENTERPRISES Q1 CONCALL: ELECTRONICS GROWTH GUIDANCE MAINTAINED; MARGINS SEEN RECOVERING IN H2 📈

AMBER ENTERPRISES Q1 CONCALL: ELECTRONICS GROWTH GUIDANCE MAINTAINED; MARGINS SEEN RECOVERING IN H2 📈 $AMBER • 🔌 Electronics Business: Maintains ~40% growth guidance for FY27, despite near-term slowdown in the EMS segment. • ❄️ Consumer Durables: Expected to grow broadly in line with industry at ~15%. • 🚆 Railway & Defence: Revenue expected to grow 30–35% in FY27, with margins guided at 15–16%. • 📊 Margin Recovery: Cost increases are passed on to customers with a lag; margins expected to improve as pass-throughs take effect. • ⚠️ Commodity costs, currency movements and wage revisions likely to keep margins under pressure through H1 FY27. • 📈 Management expects margin normalization from H2 FY27 onwards.