Amber Enterprises India (AMBER ) Q3 24/25 earnings summary

Executive summary

• Q3 FY25 consolidated revenue reached ₹2,133 crore, up 65% year-over-year, with operating EBITDA at ₹162 crore (97% growth) and PAT at ₹37 crore, reversing a prior-year loss; 9M FY25 revenue was ₹6,219 crore, up 59% YoY, with PAT at ₹133 crore (228% growth).

• All three divisions—Consumer Durables, Electronics, and Railway Subsystems & Defense—contributed to growth, with Electronics and Consumer Durables showing exceptional momentum.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2024 were approved and reviewed, with statutory auditors issuing an unmodified limited review report.

Financial highlights

• Q3 FY25 consolidated revenue: ₹2,133 crore (65% YoY growth); operating EBITDA: ₹162 crore (97% YoY growth); PAT: ₹37 crore (vs. loss of ₹1 crore YoY); 9M FY25 revenue: ₹6,219 crore (59% YoY growth); operating EBITDA: ₹482 crore (69% YoY growth); PAT: ₹133 crore (228% YoY growth).

• Consumer Durable Division Q3 revenue: ₹1,555 crore (67% YoY growth); EBITDA: ₹116 crore (150% YoY growth).

• Electronics Division Q3 revenue: ₹472 crore (96% YoY growth); EBITDA: ₹34 crore (193% YoY growth).

• Railway Subsystems & Defense Q3 revenue: ₹106 crore (down 13% YoY); EBITDA: ₹12 crore.

• Gross margin for Q3 FY25 was 18.7%, operating EBITDA margin 7.6%, and PAT margin 1.7%.

Outlook and guidance

• Electronics Division revenue growth guidance revised upward from 45% to over 55% for FY25, driven by PCBA and Bare Board verticals, with operating EBITDA margins expected around 8%.

• Railway Subsystems & Defense expected to return to normalized 18%-22% margin range by H2 FY26, with revenue expected to double in three years.

• ROCE expected to cross 15% by year-end.