Amber Enterprises India (AMBER ) Q1 26/27 earnings summary

Executive summary

• Entered a manufacturing collaboration with OPPO to foray into mobile phones, covering OPPO, OnePlus, and Realme, with trial production set for Q4 FY27 and commercial production in Q1 FY28.

• Groundbreaking of HDI PCB facility at Jewar and ongoing construction at Hosur for multi-layer PCB, aiming for import substitution and employment generation.

• Sidwal's greenfield HVAC facility in Faridabad is now operational, supporting scalable growth; Yujin JV facility ready, pending RDSO approval for commercial production in H2FY27.

• Unaudited standalone and consolidated financial results for Q1 FY2026-27 were approved and published, with statutory auditor review confirming no material misstatements.

• Appointment of Mr. Sudhir Goyal as CFO of IL JIN Electronics (India) Private Limited, and re-appointment of two Non-Executive Independent Directors.

Financial highlights

• Q1 FY27 consolidated revenue grew 13% year-over-year to INR 3,888 crore; operating EBITDA rose 28% to INR 337 crore, with margin at 8.7%.

• Adjusted PAT before exceptional losses was INR 126 crore, up 19% year-over-year; adding back inventory adjustment, PAT would be INR 141 crore.

• Exceptional loss of INR 123 crore impacted reported PAT, which dropped to INR 3 crore.

• Gross profit increased 38% year-over-year to INR 746 crore, with gross margins at 19.2%.

• Net debt increased to INR 1,225 crore as of June 30, up from INR 510 crore in March.

Outlook and guidance

• Mobile manufacturing collaboration expected to begin trial production in Q4 FY27 and commercial production in Q1 FY28.

• Consumer durable division expected to grow in line with RAC industry, estimated at 13%-15% for FY27.

• Electronics division maintains 40%+ revenue growth guidance for FY27, driven by PCBA, PCB, and industrial automation.

• Railway subsystem and defense division expected to deliver 30%-35% revenue growth in FY27, with margins guided at 15%-16%.

• Margins expected to normalize post-H1 as commodity and currency pressures ease.