Q4FY23 Quarterly & FY23 Annual Result Announced for Amber Enterprises India Ltd.
Consumer Electronics company Amber Enterprises India announced Q4FY23 & FY23 results: Q4FY23: Revenue at Rs 3,003 crore Up 38% Operating EBITDA at Rs 204 crore Up 54% PAT at Rs 108 crore Up 82% FY23: Revenue at Rs 6,927 crore Up 65% Operating EBITDA at Rs 475 crore Up 61% PAT at Rs 164 crore Up 47% Commenting on the results and performance for Q4FY23, Mr. Jasbir Singh, Chairman & CEO of Amber Enterprises India Ltd. said: “We are happy to report a revenue of Rs 6,927 cr for FY23, a growth of 65% over the same period last year. The company has transformed from a RAC player to a diversified B2B solution provider since the IPO launch in 2018. While Room Air Conditioner remains our focus segment, our other four divisions (Electronics, Motors, Mobility and components) within the group, are witnessing a rampant growth ultimately strengthening the top line and bottom line. We are focused on prudent asset allocation for better return on investment, while balancing growth and profitability and improving return ratios. ROCE has improved from 11% in FY22 to 15% in FY23 and it is further expected to improve in the range of 19% to 21% in next 2-3 years time. Our strong fundamentals, experienced leadership, and dedicated team position us well to capitalize on emerging trends and opportunities in the industry. From here on, the only way for us is ahead, and the only change we are focused on embracing is growth.” Result PDF17-05-2023