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    Amber Enterprises: A great company, but valuation not so great

    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.

    Sachin Pal
    August 19, 2020 / 10:46 AM IST
    Amber Enterprises: A great company, but valuation not so great

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    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    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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