Amber Enterprises India (AMBER ) Q2 24/25 earnings summary

Executive summary

• Q2 FY25 consolidated revenue rose 82% year-over-year to INR 1,685 crore, with PAT of INR 21 crore versus a loss last year; H1 FY25 revenue reached INR 4,086 crore, PAT at INR 96 crore.

• Major expansion initiatives include a new PCB plant in Hosur and a strategic JV with Korea Circuit for advanced PCB manufacturing.

• Unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2024 were approved and published, with statutory auditor review confirming no material misstatements.

Financial highlights

• Q2 FY25 operating EBITDA was INR 120 crore, up 85% year-over-year; H1 FY25 operating EBITDA grew 58% to INR 320 crore.

• Q2 FY25 PAT surged 134% YoY to INR 21 crore; H1 FY25 PAT up 134% YoY to INR 96 crore.

• Consumer Durables division Q2 revenue grew 95% to INR 1,069 crore; operating EBITDA up 196% to INR 62 crore.

• Electronics division Q2 revenue rose 98% to INR 492 crore; operating EBITDA up 187% to INR 37 crore.

• Net working capital days reduced to 27 from 52 in H1; net debt at INR 1,277 crore.

Outlook and guidance

• FY25 consolidated revenue expected to grow around 25%, with ROCE targeted at 15% by year-end.

• EMS division revenue growth guidance remains above 45% for FY25, with operating EBITDA margins expected between 7.75% and 8%.

• Management and auditors expressed confidence in the accuracy and completeness of the financial disclosures, with no material misstatements identified.