Amber Enterprises Q3 Review - Strong Recovery Amid Demand Revival: ICICI Direct
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Amber Enterprises Q3 Review - Strong Recovery Amid Demand Revival: ICICI Direct

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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.

ICICI Direct Report

In Q3 FY21, Amber Enterprises India Pvt Ltd. reported a strong topline recovery at 97% compared to its pre-Covid-19 sales in Q3 FY20.

The recovery was led by its component and mobility application (CMA) business, which reported almost 100% recovery in Q3 FY21 YoY (up 35% QoQ).

Further, the revenue contribution of CMA division in topline also increased to 46% in Q3 FY21 from 45% in Q3 FY20 (50% for nine months FY21 versus 40% in nine months FY20).

The rising contribution bodes well for overall business as CMA business commands Ebitda margin in the range of 6-22%.

Click on the attachment to read the full report:

ICICI Direct Amber Enterprises Q3FY21 Result Update.pdf

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