31 Jan 2022 , 10:38 AM
Amber Enterprises India Ltd. (AEIL) has declared its un-audited Financial Results for the Quarter & Nine months ended December 31, 2021. The company has posted a consolidated net profit of Rs33cr for the period ended December 31, 2021, as against a net profit of Rs28crores for the period ended December 31, 2020, a rise of 17% yoy.
Revenue from operations rose 27% yoy to Rs974cr in Q3FY22 from Rs765cr in Q3FY21. Operating EBITDA was at Rs74cr in Q3FY22, a rise of 19% yoy from Rs62cr in Q3FY21. The company has reported EPS of Rs9.53 for the period ended December 31, 2021, as compared to Rs7.99 for the period ended December 31, 2020.
For 9MFY22 PAT rose 662% yoy to Rs52cr from Rs7cr in 9MFY21. EBITDA was 101% yoy higher at Rs163cr in Q3FY22 compared to Rs81ce in Q3FY21. Revenue jumped 58% yoy to Rs2,270cr in Q3FY22 from Rs1,432cr in 9MFY21.
“For 9MFY22 RAC contributed 46% of total revenue components & mobility application contributed 54% of total revenue,” company said in a filing on Sunday.
Jasbir Singh, Chairman & CEO of Amber Enterprises India Ltd said: “I’m pleased to report that on all metrics, including Revenue, EBITDA, and PAT, we were able to surpass the pre-pandemic level for the quarter. This demonstrates the customers’ positive demand prospects.
Rising raw material prices and supply chain issues continued to plague the quarter. Amber has been able to pass on higher raw material prices to the customers and channel inventory levels are being managed by effective supply chain planning in line with growth expectations.”
On a standalone performance, the decline in profitability is due to commercialization expenditures for three new facilities in Kadi (Gujarat) for injection molding, Chennai (Tamil Nadu) for sheet metal components and heat exchangers, and Supa (Maharashtra) for sheet metal components. Once revenue starts flowing in, we expect profitability to normalise.
With the acquisition of a majority ownership in AmberPR Technoplast India Private Limited (erstwhile Pasio India Private Limited), we are all set to expand our footprint in the manufacturing of cross flow fans and other plastic components for a variety of sectors,” Jasbir Singh added.
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