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