Amber Enterprises Q1 Review - Covid-19 Impacts The Quarter: Dolat Capital
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Dolat Capital Report
Amber Enterprises India Pvt Ltd.'s Q1 sales grew 172% YoY at Rs 7.1 billion on a low base of Q1 FY21, though gross margins were sequentially better by 90 basis points at 16.8% due to its cost plus model with customers.
There is no YoY comparison of Ebitda and profit after tax as it moved from loss to profit.
Amber Enterprises continues to be a good play on the localisation and production linked incentive theme, with opportunities emerging in the air conditioner component space this area.
The AC PLI has opened opportunities for the company in six components, where total import content is still at 60%, which it can service as a local partner.
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