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Amber Enterprises India share price: Buy Amber Enterprises India, target price Rs 3130: ICICI Direct

Amber Enterprises Q4 PAT rises 21% YoY to Rs 76 cr

On a consolidated basis, Amber Enterprises India reported 22% jump in net profit to Rs 76 crore on 22% rise in revenue from operations to Rs 1,598 crore in Q4 FY21 over Q4 FY20. On the segmental front, Q4 FY21 revenue of the room air conditioner (RAC) business was at Rs 959 crore as against Rs 829 crore in Q4FY20, up 15.8% YoY. Revenue of the components & mobility application business rose by 31.7% to Rs 640 crore in Q4 FY21 over Q4 FY20. The segment contributed 40% to revenue from operations in Q4FY21 as compared to 37% in Q4FY20. The company s outlook for growth is optimistic with addition of new customers, demand from newer geographies and strengthening of order book on back of new order wins.

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