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Revenue
₹4,148 Cr
verified against source
Revenue YoY
22%
reported change
EBITDA
₹970 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Amber Enterprises reported a strong FY26 with consolidated revenue crossing 12,186 crore (up 22% YoY), driven by all three divisions. The electronics division led with 49% revenue growth to 3,268 crore, while consumer durables grew 14% despite a flattish RAC industry. EBITDA grew 22% to 970 crore, and adjusted PAT rose 22% to 338 crore. Management guided for FY27 electronics growth of 40% and railway growth of 30-35%, but flagged margin headwinds of 50-100 bps from commodity inflation, currency depreciation, and wage hikes. Key risks include delayed pass-through of PCB input costs and fixed-price railway contracts. The company expects temporary margin pressure to normalize as macro conditions improve.
Colored figures show movement against the previous available record.
Guidance to track
- Post conversion of some customers to job work basis, the division expects 40% revenue growth with margins of 9.5-10%.
- Backed by strong order book of 2,600+ crore and product portfolio expansion.
- Due to commodity inflation, currency depreciation, and wage hikes; expected to normalize as macro environment improves.
- Includes Ascent, SNK Circuit, and other divisions; net capex after subsidies will be lower.
Risks flagged
- PCB business faces a two-quarter lag in passing on CCL and gold price increases due to tier-2 supply chain structure, pressuring margins.
- Indian railway contracts are fixed-price, limiting ability to pass on cost increases, unlike metro contracts which have pass-through mechanisms.
- Minimum wage revisions in Haryana (35%) and UP (22%) along with commodity price increases may compress margins in the near term.
- Analyst raised concern about compressor availability; management downplayed but acknowledged some industry players feel shortages persist.
Key quotes
- We expect a margin pressure of 50 to 100 bips at consolidated level which is of temporary in nature and expected to normalize as macro environment improves.
- In the PCB business we are tier two. We don't supply directly to Maruti or Hyundai. We supply to tier one guys. And that's where the inventories has to be taken care at two levels. And hence the lag in the PCB business to increase the cost is about two quarters.
- We are trying to balance the left and right. So left side is the volume side business which are equally important to bring scale and to have a leverage on the purchase side. On the value side they are more sticky businesses.
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