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
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