Amber Enterprises Q4 Review - A Good Play On The Localisation, PLI Theme: Dolat Capital
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Dolat Capital Report
Amber Enterprises India Pvt Ltd. reported inline sales and profit after tax, Ebitda came ahead of estimates.
Sales and profit after tax grew 22% YoY with continued Q4 momentum, while Ebitda was up 39% YoY.
Margins came in higher with just an 80 basis point impact on gross margins due to its cost plus model with customers.
The company continues to be a good play on the localization and production linked incentive theme, with opportunities emerging from this area.
The new air conditioner PLI has opened opportunities for the company which plans to produce more motors and printed circuit boards under PLI, while also open to doing sheet metals and plastic molds.
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