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Hot Pursuit News

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(21 May 2024, 13:22)

Amber Ent slips on reporting muted numbers in Q4

Amber Enterprises shed 3.72% to Rs 3,818 after the company reported 8.95% fall in consolidated net profit of Rs 94.67 crore in Q4 FY24 as compared with Rs 103.98 crore posted in Q4 FY23.

The company stated that increase in finance cost (up 28.94% YoY) owing to increase in interest rates and higher depreciation (up 32.49% YoY) on account of capex done in last year and this year has led to decline in PAT.

Revenue from operations fell 6.57% year on year (YoY) to Rs 2,805.46 crore in the quarter ended 31 March 2024.

Operating EBITDA grew 14.71% to Rs 234 crore in Q4 FY24 as against Rs 204 crore posted in same quarter last year. Operating EBITDA Margin improved to 8.3% in Q4 FY24 as compared to 6.8% in corresponding quarter last year.

On full year basis, the company recorded 15.47% YoY decline in consolidated profit to Rs 132.88 crore on 2.86% fall in revenue from operations to Rs 6,729.27 crore in FY24 over FY23.

Jasbir Singh, executive chairman & CEO and wh...

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