Amber Enterprises Q1 FY23 Result Highlights

  • Q1 Consolidated Revenue up 157% and Net Profit up 275% YoY
  • Having Market share of 26.6%

  • From 1st July 2022 revision in BEE rating will increase AC prices
  • Will reach the PLI threshold level and qualify PLI Incentives for 1st year
  • New SriCity Plant will be operational during H2 FY23
  • RAC and Component division expected to grow faster than industry in FY23
  • Motor Division is expected to grow more than 30%
  • Electronic Division – More than 35%
  • Mobility Application Division – More than 15%
  • AmberPR and Pravartaka – More than 25%
  • ROCE is expected to come back to 17%-20% in next 2-3 years despite capex in growth
  • Before IPO (2018) Amber was having 10 Manufacturing Units. From 2018 till date 13 new facilities added

  • In FY22-23 Industry is expecting to surpass 8million RAC Units
  • In Q1FY23 RAC Units manufactured by Amber is 1.28M
  • Capex for FY23 Rs.400 Cr
  • Net Debt Rs.625 Cr, Gross Debt Rs.1300 Cr

Source:

Amber Investor Presentation

Amber Concall Recording