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

Executive summary

• Entered a manufacturing collaboration with OPPO Mobiles India, covering OPPO, OnePlus, and Realme, with trial production set for Q4 FY27 and commercial production in Q1 FY28, targeting 8 million units in year one and up to 16 million in year two.

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

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

• Strategic move into mobile manufacturing aims to de-seasonalize revenue and broaden product portfolio.

• Appointment of Mr. Sudhir Goyal as CFO of IL JIN Electronics (India) Private Limited, effective 13 August 2026.

Financial highlights

• Q1 FY27 revenue: INR 3,888 crore (up 13% YoY); operating EBITDA: INR 337 crore (up 28% YoY); adjusted PAT: INR 126 crore (up 19% YoY), with gross profit at INR 746 crore and gross margin at 19.2%.

• PAT after exceptional items dropped to INR 3 crore due to a INR 123 crore impairment loss.

• Net debt increased to INR 1,225 crore as of June 30, up from INR 510 crore as of March 26.

• Basic EPS for Q1 FY2026-27 stood at Rs. 6.34, compared to Rs. 30.05 in Q1 FY2025-26.

• Finance costs for Q1 FY2026-27 were Rs. 8,473.62 lakhs; depreciation and amortization expense was Rs. 10,820.83 lakhs.

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, with all three sub-segments contributing.

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

• Management expects no material impact from a recent fire incident at an IL JIN factory, with insurance coverage in place.