Amber Enterprises spurts after Q3 PAT rises 19% YoY to Rs 32 cr

31 Jan 2022 , 12:47 PM

On a consolidated basis, profit before tax (PBT) rose 7.45% to Rs 42.84 crore in Q3 December 2021 over Q3 December 2020. Operating EBIDTA increased 19% to Rs 74 crore during the period under review. Operating EBIDTA stood at 7.6% in Q3 December 2021 as against 8.2% in Q3 December 2020.

Commenting on the results and performance for Q3 & 9MFY22, Jasbir Singh, chairman & CEO of Amber Enterprises India said: Im 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. With a surge in demand for air-conditioned coaches and many forthcoming Metro projects around the country, we have also strengthened our product portfolio for Railways, Metros, and Bus Air Conditioning in Sidwal.

To enhance the R&D capabilities, we are undertaking a number of short-term and long-term R&D initiatives as we believe that high value added, and technology-driven components will further help us to provide opportunities to capture shifts in customer preferences along with evolving regulatory requirements.

Amber Enterprises India is a market leader in Indian Room Air Conditioner (RAC) industry and Air Conditioning industry for mobility application such as railways, metros, buses etc. The company has diversified portfolio which includes RACs, RAC Components and Air conditioning solutions for railways, metros, defence, bus & commercial segment.

Powered by Capital Market – Live News