Amber Q2 FY23 Results Key Highlights

  • Q2 Consolidated Revenue up 28%, Net Loss Rs.2 Cr
  • EBITDA Margins 4.89% Vs 5.84% YoY
  • Net Loss is due to increase in Interest cost from Rs.6 Cr last year to Rs.24 Cr due to increase in debt for capex
  • Total Debt at present is Rs.1311 Cr and Cash & Investment Position is Rs.645 Cr
  • Out of total Revenue of Rs.750 Cr – Amber – Rs.328 Cr and Subsidiaries Rs.422 Cr
  • RAC & Components, Motors, Electronics & Mobility Division contributes 70%, 5%,17% and 8% respectively to the total revenue.
  • RAC & Component Division

  • Motor Division

  • Electronic Division

  • Mobility Division

  • Other businesses have not seasonality issue as in RAC businesses
  • Capex estimated for FY23 is Rs.600 Cr (earlier planned for Rs.400 Cr Only)
  • Sluggish demand from July to Sep due to BEE rating change
  • Q3 and Q4 will be better than Q2 due to better demand prospective and clients getting ready with heavy inventory for next season in advance
  • PLI application is already approved in past quarter. There is no delay in threshold limit of investment and incremental sales. This Year PLI benefit will receive in next year.
  • PLI benefit 1st Year Rs.15 Cr and next year Rs.30 Cr
  • Higher debt due to capex and seasonality in business (have larger credit period from creditors and get paid during off season). Debt will normalize by year end
  • Now, 30% of Total business is non-seasonal and margin accretive



Amber Investor Presentation

Amber Concall Recording