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Amber Enterprises India ltd: 1 director
A director at Amber Enterprises India ltd sold 499 shares at 4,284.800INR and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two y...
- Bhoomika Nair
Amber Enterprises' Q3FY20 results (Outperformer) - Another strong quar...
Q3FY20 consolidated result highlights Cons. adj. PAT +6x yoy at Rs248mn: led by strong operational performance and reversal of deferred tax liabilities (~Rs77m). Revenues jump 52% yoy to Rs7.9bn: led by 37% yoy increase in AC revenues to Rs4.3bn on 35% yoy volume growth led by ramp up of existing customers, shift from imports to indigenous sourcing as also addition of new clients such as Amazon, Flipkart, Samsung, etc. Component revenues too grew by 76% yoy to Rs3.6bn. Consolidation of subsi...
- Bhoomika Nair
Amber Enterprises' Q1FY20 results (Outperformer) - Strong quarter; cli...
Q1FY20 consolidated result highlights Cons. adj. PAT at Rs643mn: +143% yoy led by strong revenues. Revenues jump 75% yoy to Rs12.4bn: led by 79% yoy increase in AC revenues to Rs8.5bn on 89% volume growth led by strong summer season particularly in North, shift from imports to indigenous sourcing as also addition of new clients such as Toshiba, Carrier, Amazon, Flipkart, etc. Non-AC revenues too grew by 66% yoy to Rs3.84bn in 1QFY20. Moreover, revenues increased due to consolidation of new s...
- Bhoomika Nair
Amber Enterprises India's Q4FY19 results (Outperformer) - Strong quart...
Q4FY19 standalone result highlights Std. adj. PAT at Rs616mn: led by higher revenues and margins Revenues increased 40% yoy to Rs9.7bn: AC revenues increased 43% yoy to Rs8.1bn on 45% volume growth as OEMs placed orders for upcoming summer season, shift from imports to indigenous sourcing as also addition of new clients such as Carrier, Amazon, Flipkart, etc. Components too grew by 27% yoy to Rs1.6bn in 4Q19. Positive operating leverage aid margin expansion: by 73bps yoy to 10.5%. Further, ...
- Bhoomika Nair
Event update: Amber Enterprises (Outperformer) - Sidwal acquisition ea...
Event Amber acquired 80% stake in Sidwal Refrigeration Industries (Sidwal) & Sidwal Technology and expects to complete the deal by 30 Apr 2019. The balance 20% stake will be acquired over next 2 years. Details Sidwal - a leader in mobile air conditioning: Sidwal, founded in 1975, has a diversified portfolio of HVAC solutions for Indian Railways & Metros (72% of FY18 revenues; leader with 50%+ market share), buses (9%) defence (9%), telecom (4%) and commercial refrigeration segments. Sidwal ha...
- Bhoomika Nair
Amber Enterprises' Q3FY19 results (Outperformer) - Weak performance; a...
Q3FY19 standalone result highlights Adj. PAT at Rs38mn: vs Rs1mn in 3Q18 led by higher revenues Revenues increased 15% yoy to Rs3.9bn: AC revenues increased 19% yoy to Rs3.2bn on 15% volume growth as OEMs placed orders for upcoming summer season as also shift from Chinese vendors to Amber. While non-AC components supported revenue by growing at 18% yoy to Rs513mn, AC components declined 23% yoy to Rs229m. Unfavourable product mix, lag in pass thru of higher RM impacts margins: OPM declined ...
- Bhoomika Nair
Amber Enterprises' Q2FY19 results (Outperformer) - Weak season impacts...
Q2FY19 standalone result highlights Rs17mn loss: led by negative operating leverage on revenue decline. Revenues declined 14.6% yoy to Rs2.3bn: AC revenues fell 23% yoy to Rs1.5bn on 39% volume fall as OEMs did not place fresh orders on channel inventory build-up in 1Q19. However, AC components grew 21% yoy to Rs230m & non-AC components grew 4% yoy to Rs540mn Negative operating leverage impacts margins: OPM declined sharply by 360bps yoy to 4.7% due to lower utilizations. We note gross marg...
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