Amber Enterprises India Management Guidance Tracker

8 forward-looking guidance items tracked across 2 quarters.

Revenue

Q3 FY26Consumer durable division to grow 13-15% in FY26Active

Despite flattish industry, Amber expects its consumer durable division to grow 13-15% for the full year, driven by wallet share gains and product diversification.

Q4 FY26Electronics division revenue growth of ~40% in FY27Tracked

Post conversion of some customers to job work basis, the division expects 40% revenue growth with margins of 9.5-10%.

Q4 FY26Railway division revenue growth of 30-35% in FY27 and FY28Tracked

Backed by strong order book of 2,600+ crore and product portfolio expansion.

Margins

Q3 FY26Electronics division to achieve double-digit EBITDA margin in FY27Tracked

Management reiterated guidance that electronics division EBITDA margins will be in double digits for FY27, already achieved in Q3.

Q4 FY26Consolidated margin pressure of 50-100 bps in near termActive

Due to commodity inflation, currency depreciation, and wage hikes; expected to normalize as macro environment improves.

Growth

Q3 FY26Railway division revenue to double over next two financial yearsTracked

Backed by a strong order book of ₹2,600 crore+, management expects to double railway subsystem and defense division revenue in two years.

Capex

Q3 FY26Capex of ₹1,100-1,200 crore in FY27Tracked

CFO guided that capital expenditure to be capitalized in FY27 will be around ₹1,100-1,200 crore, including expansions in electronics and railways.

Q4 FY26Capex of ~1,800-2,000 crore in FY27 with cash outflow of ~1,100-1,200 croreTracked

Includes Ascent, SNK Circuit, and other divisions; net capex after subsidies will be lower.