Amber Enterprises India Ltd.(NSE: AMBER) is a leading Indian manufacturer of air conditioners and air-conditioning equipment. The company specializes in the design, development, and manufacture of room air conditioners, including inverter and non-inverter split systems, window air conditioners, and portable air conditioners. The company also provides a wide range of services, including installation, maintenance, and repair of air conditioners. The company was founded in 1983 and is headquartered in Ludhiana, Punjab, India.
Financial Performance in Q3FY23:
Amber Enterprises India Ltd. announced its financial results for the fiscal quarter ending December 2022. The company’s total revenue for the quarter was Rs. 1,357.2 crore. The operating expenses for the quarter were Rs. 1,269.8 crore, resulting in an operating profit of Rs. 78.5 crore and an operating profit margin of 5.82%. The company also reported depreciation expenses of Rs. 36.3 crore and interest expenses of Rs. 28.9 crore for the quarter. As a result, the company’s profit before tax for the quarter was Rs. 22.2 crore, and the net profit for the quarter was Rs. 14.2 crore, with a basic EPS of Rs. 4.2. The company’s net profit for the trailing twelve months (TTM) was Rs. 110.4 crore, with a basic EPS of Rs. 32.8. The company has reported a significant increase in total revenue compared to the previous quarter (September 2022), with a growth of 77.7%. The operating profit has also increased by 114.2% compared to the previous quarter, and the operating profit margin has increased by 0.93%.
Depreciation and interest expenses have also increased in comparison to the previous quarter, but the increase in revenue and operating profit has resulted in a higher profit before tax and net profit. The basic EPS for the current quarter is also higher than the previous quarter, indicating that the company’s performance improved in the current quarter. TTM net profit and basic EPS also shows an improvement when compared to the previous quarter, indicating that the company’s performance has been consistently improving over time.
Overall, the company appears to have reported a relatively stable financial performance for the quarter, with a relatively low operating profit margin and a moderate net profit.