Sharekhan's research report on Amber Enterprises India
Company posted strong set of performance with revenue growth of 65% (vs expectations of 49%) led by the consumer durables (67% growth y-o-y) and Electronics (96% y-o-y) segments. Operating profits doubled to Rs 159 crore on humongous revenue growth and a 138 bps improvement in margins. Overall outlook remains healthy across business segments. Management guided for 2x revenue growth in 3 years.
Outlook
We maintain a Buy rating, factoring in the long-term revenue growth triggers across segments with a revised PT of Rs. 8,142. At CMP, the stock trades at a valuation of 67x/45x/32x its FY2025E/FY2026E/FY2027E EPS.
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