Amber Enterprises Posts Strong Overall Q3 Performance: Dolat Capital
A person inspects an evaporator for vehicle air conditioners on the production line at a facility.  (Photographer: SeongJoon Cho/Bloomberg)

Amber Enterprises Posts Strong Overall Q3 Performance: Dolat Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Amber Enterprises India Pvt Ltd. reported in-line sales, while Ebitda and profit after tax came ahead of estimates. Sales came in flat with a revival of operations to pre-Covid-19 levels.

Ebitda was up 16% due to a better gross margin by approximately 1.5% to 18.5% in Q3.

PAT was up 12% YoY with three times other income and lower interest cost by 18% YoY.

The ban on the import of air conditioner complete built units with refrigerants (75% of the AC imports at Rs 30 billion) is an opportunity for the company, it has signed six new customers since the announcement.

Click on the attachment to read the full report:

Dolat Capital Amber Enterprises India Q3Y21 Result Update.pdf

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