Amber Enterprises weathers industry slump with flat Q2 revenue

Amber Enterprises India Limited reported consolidated revenue of ₹1,647 crores for Q2 FY26, remaining flat year-on-year, despite a 30%-35% decline in the room air conditioning industry. The company recorded an operating EBITDA of ₹98 crores, a 19% decrease, and a loss after tax of ₹32 crores. The consumer durable division saw an 18% revenue decline but anticipates 13%-15% growth for the full year, supported by diversified offerings and expanding component businesses.

The electronics division demonstrated robust growth, with Q2 FY26 revenue increasing by 30% year-on-year to ₹642 crores and operating EBITDA growing by 5% to ₹39 crores. This growth was driven by PCBA and PCB verticals. The company secured ₹1,750 crores in equity funding for this division and completed acquisitions of a majority stake in Power-One Microsystems and a controlling stake in Unitronics. The railway subsystem and defense division also grew 7% to ₹132 crores in Q2 FY26, with an order book exceeding ₹2,600 crores.

Amber Enterprises expects inventory levels to normalize by Q4 and projects the electronics division's margins to reach 8%-9% by year-end, with overall consolidated margins potentially crossing double digits next year. The company also raised ₹1,000 crores in equity through a QIP, strengthening its balance sheet for future growth and debt reduction.