More Stories

Informist, Wednesday, Nov. 5, 2025

By Arundathi A R

MUMBAI – Amber Enterprises India Ltd. is likely to post a high-single digit on-year rise in its top line and double-digit growth in its bottom line for the September quarter, according to brokerages tracking the company. The company's net sales for the quarter are expected to rise, supported by strong growth in its electronics manufacturing services segment. However, the company's room air conditioners business is expected to be under pressure due to weak demand during the quarter because of the extended monsoon season.

Amber Enterprises is expected to post a consolidated net profit of INR 236.33 million for the September quarter, according to the average of estimates from nine brokerages. This would mean a rise of almost 23% on year but a fall of over 77% sequentially. However, Anand Rathi Share and Stock Brokers Ltd. expects the company to post a net loss of INR 352 million in the September quarter.

The company is expected to report consolidated net sales of INR 18.22 billion for the September quarter, according to the average of estimates from 10 brokerages. This would mean a rise of over 8% on year but a fall of over 47% on quarter. However, this would be a single–digit on-year growth for the first time in six consecutive quarters.

The highest estimate for Amber's September quarter net profit is INR 450 million from Sharekhan Ltd. and the lowest is INR 112 million from YES Securities (India) Ltd. The highest estimate for the net sales is INR 20.56 billion from Sharekhan while the lowest is INR 16.50 billion from Prabhudas Lilladher Pvt. Ltd.

"We estimate Amber's consumer durable business to decline by 13%. However, this will be offset by 40% growth in the electronics segment and flat growth in the railways segment," Kotak Securities Ltd. said. Strong momentum in the electronics segment is expected to contribute a 21% on-year revenue growth in the company's consumer durables segment in the reporting quarter, Nirmal Bang Equities Pvt. Ltd. said.

Amber's revenue for the September quarter is expected to decline 41% on quarter, due to weak demand experienced in the consumer durable segment, Motilal Oswal Financial Services Ltd. said.

However, the company's sales of air conditioners in the reporting quarter is expected to fall by 10-15% on year, which is lower than the 25-30% on-year decline in the industry, due to new client additions, Motilal said.

The company is expected to post earnings before interest, tax, depreciation, and amortisation of INR 1.25 billion for the September quarter, according to the average of estimates from eight brokerages. The EBITDA is expected to rise over 4% on year but fall more than 52% from the trailing quarter.

The highest EBITDA estimate is INR 1.44 billion from Motilal Oswal and the lowest is INR 1.03 billion from Elara Securities (India) Pvt. Ltd. Motilal Oswal expects the company's EBITDA margin to increase by 40 basis points on year, supported by improvement across all segments. However, JM Financial Institutional Securities Pvt. Ltd. expects the EBITDA margin to decline by 30 basis points on year to 6.4% in the September quarter.

Amber Enterprises will announce its September quarter earnings Thursday. Market participants will watch out for management's comments about the outlook for margin, timelines for several capital expenditure initiatives, updates on the railway segment, the outlook for the electronic segment, demand in room air conditioners business, and expansion plans.

On Tuesday, shares of Amber Enterprises ended 2% lower at INR 7,797.50 on the National Stock Exchange. The shares are down marginally since the company reported its June quarter earnings on Jul. 29.

Of the 17 research reports on the company available with Informist, 14 have a 'buy' or equivalent rating with an average target price of INR 8,844 while three brokerages have a 'hold' or equivalent rating with an average target price of INR 6,658.

Following are the Jul-Sept earnings estimates for Amber Enterprises, in INR million, from 10 brokerage firms in descending order of net profit:

End

Edited by Ashish Shirke

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.