The market is super thrilled with the Q3FY20 performance of Amber Enterprises. The stock rose to a 52-week high at Rs.1639, rising over 9.5%.
On a consolidated basis, its revenue for the quarter rose 52% (YoY) at Rs.788 crore.
EBIDTA rose 103% at Rs.52 crore and PAT for the quarter rose over 6 times at Rs.25 crore from Rs.4 crore in previous Q3.
Its RAC volumes for nine months grew by 75% from 1,154k units in 9MFY19 to 2,024k units in 9MFY20. Addition of New Customers, Industry Growth & Increase in Demand/Share of Business in exiting customer has led to substantial increase in volumes by 75%.
The company is a market leader in Indian Room Air Conditioner (RAC) industry and Air Conditioning industry for Mobile Application such as Railways, Metros, Buses etc. The Company has diversified portfolio which includes RACs, RAC Components and Air conditioning solutions for Railways, Metro’s, Defence, Bus & Commercial segment. The Company has 15 manufacturing facilities across 6 locations in India, strategically located close to customers enabling faster turnaround.