Conference Call with Amber Enterprises India Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Consumer Electronics company Amber Enterprises India announced Q2FY25 results Consolidated Revenue grew by 82% YoY in Q2FY25 Rs 927 crore compared to Q2FY24 Rs 1,685 crore, lead by strong consumer demand owing to prolonged summers and lower channel inventories during the period. Operating EBITDA in Q2FY25 grew by 85% YoY, reflective of our blend of strategy for RAC and the components complimented with the growth in Electronic Division. Groundbreaking ceremony for manufacturing plant of Ascent at Hosur, Tamil Nadu, the new plant will add annual capacity of upto 8,40,000 SqM in two phases. Entered Joint Venture agreement with Korea Circuit to foray into the advanced manufacturing of HDI, Flex, and Semiconductor Substrates PCBs. Strong order book and new product additions in Railway subsystems and defense providing long term visibility on growth. Jasbir Singh, Executive Chairman & CEO and Whole time Director of Amber Enterprises India Ltd. said: “For Q2FY25, our consolidated revenues surged by 82% year-over-year to Rs. 1,685 crore, our Operating EBITDA grew to Rs 120 crore, reflecting 85% increase from the previous year. Our profit after tax grew to Rs 21 crore during the period against the loss of Rs 6 crore during corresponding period of previous year. The Consumer Durable division clocked robust growth during the quarter owing to favourable weather and channel filling. Propelled by both the vertical of RAC and Non-RAC Components division with strong growth of 104% and 68% respectively, and resultant blended growth of 95%. Additionally, during the quarter we onboarded one new customer for the tower AC and successfully converted a customer from gas charging to ODM solutions. The Electronics division, reported a robust growth of 98% against previous year. We are pleased to inform of the Ground-Breaking ceremony of a new manufacturing plant for Ascent at Hosur, Tamil Nadu. Additionally, inked a JV agreement with Korea Circuit, the JV will foray us into advanced manufacturing of HDI, Flex, and Semiconductor Substrates PCBs. The Railway Sub-systems & Mobility division saw a 6% year-over-year decline in Q2FY25 revenues during the quarter, due to slow lifting of material by Indian Railways as production is more focused towards Non-AC coaches. This shift of focus is momentary and no order cancellation done by Indian Railways. Backed by the strong order book and products expansion, we remain optimistic for the robust potential of the division in the long-term horizon. Overall, with the key strategic initiatives of Ascent’s new plant expansion and JV with Korea Circuit we are well poised to attain new scale for the company.” Result PDF