Operating EBITDA grew by 84.62% to Rs 120 crore in Q2 FY25 as against Rs 65 crore posted in same quarter last year, reflective of the company’s blend of strategy for RAC and the components complimented with the growth in Electronic Division. Operating EBITDA Margin improved to 7.1% in Q4 FY24 as compared to 7% in corresponding quarter last year.

Total expense soared 76.58% year on year to Rs 1,676.24 crore in Q2 FY25. Cost of materials consumed was at Rs 1,322.05 crore (up 86.14% YoY) while employee benefits expense stood at Rs 76.80 crore (up 28.86% YoY) during the period under review.

Jasbir Singh, executive chairman & CEO and whole time director of Amber Enterprises, said, “The consumer durable division clocked robust growth during the quarter owing to favourable weather and channel filling. Propelled by both the vertical of RAC and Non-RAC Components division with strong growth of 104% and 68% respectively, and resultant blended growth of 95%. Additionally, during the quarter we onboarded one new customer for the tower AC and successfully converted a customer from gas charging to ODM solutions.

The Electronics division, reported a robust growth of 98% against previous year. We are pleased to inform of the Ground-Breaking ceremony of a new manufacturing plant for Ascent at Hosur, Tamil Nadu. Additionally, inked a JV agreement with Korea Circuit, the JV will foray us into advanced manufacturing of HDI, Flex, and Semiconductor Substrates PCBs.

The Railway Sub-systems & Mobility division saw a 6% year-over-year decline in Q2FY25 revenues during the quarter, due to slow lifting of material by Indian Railways as production is more focused towards Non-AC coaches. This shift of focus is momentary and no order cancellation done by Indian Railways. Backed by the strong order book and products expansion, we remain optimistic for the robust potential of the division in the long-term horizon.

Overall, with the key strategic initiatives of Ascent’s new plant expansion and JV with Korea Circuit we are well poised to attain new scale for the company.”

The company’s board has approved the scheme of amalgamation of AmberPR Technoplast India (AmberPR) with and into the company. The scheme is subject to the approval of Hon’ble National Company Law Tribunal, Chandigarh Bench and/or other statutory/ regulatory authorities. AmberPR is a wholly owned subsidiary of the company.

Amber Enterprises India is principally engaged in the business of manufacturing of consumer durable products.