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Net Sales are expected to increase by 15 percent Y-o-Y (down 30.1 percent Q-o-Q) to Rs. 2,099.1 crore, according to Nirmal Bang.
Components, electronics and mobility division report strong revenue growth, but profitability was dented by competitive intensity and cost challenges
Net Sales are expected to increase by 17 percent Y-o-Y (up 51.9 percent Q-o-Q) to Rs 1,139.9 crore, according to Nirmal Bang.
Net Sales are expected to increase by 24.4 percent Y-o-Y (down 60 percent Q-o-Q) to Rs. 731 crore, according to Yes Securities.
The overall valuations in the sector appear quite stretched and seem to factor in the long-term positives
The low penetration levels coupled with rising temperatures make a compelling case for long-term investment in the AC sector
Amber is in a strong position to capitalise on growing demand for electronic components because of a host of factors
Amber Enterprises has plenty of revenue growth potential owing to the government’s focus on import substitution and low AC penetration levels in the domestic market
While we recognize Amber’s strong execution and management capabilities, the company finds itself operating in an environment influenced by plethora of macro-linked external factors.
Emkay maintained a buy call on the stock, with a target price at Rs 1,154, implying an 18.5 percent potential upside.
Robust framework of policies and actions to develop manufacturing ecosystem is the need of the hour. On that count, the government’s Budget has a lot to do
A strong order book, relationships with marquee Indian AC brands, impetus towards high-margin inverter ACs, benefits of recent acquisitions and momentum in the AC component sales division should augur well for the company.
Tailwinds such as low penetration of ACs in India, high entry barriers, increasing inverter AC sales, and higher disposable incomes are expected to augur well for the company.
Amber Enterprises has declared their Q3 earnings with weak bottomline growth. In an interview with CNBC-TV18, Jasbir Singh, Chairman and CEO of Amber Enterprises spoke about the results and his outlook for the company.