Consumer electronics company Amber Enterprises India announced Q1FY25 results: Revenue grew by 41% YoY due to strong demand for RAC owing to favorable summer season Increase in operating EBITDA margins to 8.3% is reflective of our blend of strategy for finished goods and the components Expansion of product portfolio like Tower Air conditioners, Window Top Throw Inverter Series, Tropical high efficiency split air conditioners and Cassette Air Conditioners Induction of bare PCBs in electronics division opened new avenues in segment of automobile, defense, medical, energy solutions and aerospace Strong order book and new product additions in Railway subsystems and defense providing longterm visibility on growth Commenting on the results and performance for Q1FY25, Jasbir Singh, Executive Chairman & CEO and Whole time Director of Amber Enterprises India said: “For Q1FY25, our revenues surged by 41% year-over-year to Rs 2,401 crore due to strong demand for RAC owing to favorable summer season. Operating EBITDA also rose to Rs 200 crore, reflecting a 45% increase from the previous year, and improving operating margins to 8.3%. Our profit after tax grew by a robust 60% YoY in Q1FY25. Owing to favourable weather conditions and good secondary sales, we recorded a growth of ~50% year over year in the RAC whereas the non–RAC components vertical grew by ~39% year over year. On a blended basis, this division grew by 44% YoY. The electronics division, on the back of strategic acquisitions, has reported a robust performance with a 45% year-over-year increase in revenues. We are glad to inform that we have received our first order for defense products in this segment. Additionally, Amber acquired and increased its share in ILJIN and EVER to 90.2% each. Given the strong order book, we believe this division should grow by 45% year over year in FY25 as against the earlier guidance of 35% growth for this financial year. The Railway Sub-systems & Mobility division saw a 9% year-over-year decline in revenues during this quarter due to slow lifting of material by Indian Railways as production is more focused on Non-AC coaches. Also, there is a delay in Metro projects due to shortage of sub systems. The long-term horizon of this division stands to be robust. Overall, all the three business divisions of Amber are well placed, and we are very excited for the opportunities that lie ahead of us.” Result PDF