Amber Enterprises reported a net profit of ₹134 crore above a CNBC-TV18 poll’s ₹129 crore. It was also 15.3% more than last year’s ₹116.07 crore.
Its revenue increased 10.5% to ₹4,147.52 crore from ₹3,753.7 crore last year. However, it was below Street expectations of ₹4,238 crore.
The company’s earnings before interest, tax, depreciation and amortization (EBITDA) increased 21.5% to ₹358.23 crore from the previous year’s ₹294.76 crore. It is also above Street estimates of ₹330 crore.Its margins expanded to 8.6% from 7.9% in the year-ago period and was above the poll of 7.8%.
The company’s electronics segment revenue increased 20.6% to ₹1,015 crore.
Shares of Amber Enterprises India Ltd. ended the previous session 2.8% up at ₹8,519.5 apiece. The stock has risen 10.4% in the past month and 32.1% this year, so far.
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