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Informist, Monday, Jul. 28, 2025

By Shravani Chandiwade

MUMBAI – Amber Enterprises India Ltd. is expected to report a higher consolidated net profit on year for the June quarter despite the early onset of the southwest monsoon which impacted sales of cooling products. The company's diversified customer base in the refrigerator and air conditioner segment, and strong growth in the non-refrigerator and air-conditioner segment and the electronic manufacturing services division are expected to help the company post improved earnings. The company's presence across multiple segments is likely to support earnings despite challenging conditions in the industry.

The company's consolidated net profit for the June quarter is seen at INR 810.70 million, up 12% on year but down 30% on quarter, according to the average of estimates from 10 brokerage firms. The sequential decline in the bottom line is due to air conditioner sales being disrupted by the early monsoon and the tepid summer. The highest estimate for net profit is INR 951 million from Nirmal Bang Equities Pvt. Ltd. and the lowest estimate is INR 683 million from Motilal Oswal Financial Services Ltd.

The company's consolidated revenue is expected to be INR 26.62 billion, up 11% on year but down 29% on quarter, according to the average of the 10 estimates. The company's earnings will benefit from its multi-brand exposure to global brands such as LG, Whirlpool, etc., and is likely to see 5% growth in its business-to-consumer segments. The highest estimate for net revenue is INR 28.39 billion from Nirmal Bang and the lowest estimate is INR 25.21 billion from Kotak Institutional Equities.

The company operates in three major segments - consumer durables, electronics, including the electronics manufacturing division, and railway subsystems and defence. The company's revenue from consumer durables segment is expected to be flat due to its large customer base despite the refrigerator and air conditioner segment facing challenges. The electronic manufacturing services segment is expected to continue with its strong growth, while the railways division is expected to post steady growth on a favourable base, Kotak Institutional Equities said. The company is expected to remain less affected than most of the industry due to its pan-India presence as it reduces dependence on a single market and makes it less vulnerable to regional weather patterns.

Amber Enterprise is expected to report an earnings before interest, tax, depreciation, and amortisation of INR 2.08 billion, up 4% on year but down 33% on quarter. This sequential decline in EBITDA is due to increased contribution from its electronics segment, which operates on lower margins.

Shares of Amber Enterprises ended at INR 7,465.50 on the National Stock Exchange Monday, up 2.6%. The stock is up 19% since the announcement of its March quarter earnings on May 19.

Of the 14 brokerage reports on the company available with Informist, 11 have a 'buy' recommendation at an average target price of INR 7,920 and three brokerages have a 'hold' recommendation.

Following are the Apr-Jun earnings estimates for Amber Enterprise based on reports from 10 brokerage firms in the descending order of the estimate of net profit:

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Edited by Tanima Banerjee

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