Air conditioner companies have been hit hard by the pandemic-led lockdown. Most of the players in this segment have reported significant declines in volumes during the first quarter of FY21 and Amber Enterprises - which manufacturers ACs and related components- is no exception. While its March quarter results were healthy, the June financials look ugly because the lockdown coincided with the peak summer season. Quarterly result highlights Amber’s Q1 revenues plunged 79 per cent year-on-year (YoY) to Rs 259 crore. The standalone performance of...
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