Amber Enterprises India (AMBER ) Q3 25/26 earnings summary

Executive summary

• Consolidated Q3 FY26 revenue reached INR 2,943 crore, up 38% year-over-year, with operating EBITDA at INR 247 crore, up 53% year-over-year, and PAT before exceptional items at INR 84 crore, up 128%.

• Major acquisitions and expansions in electronics, including Unitronics and Shogini Technoarts, and new land allotments for manufacturing facilities.

• IL JIN Electronics raised INR 1,750 crore from market investors to support electronics division growth.

• Unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025 were approved and published, with statutory auditor review reports provided.

• One-time exceptional impairment loss of INR 94 crore was recognized for the Shivalik investment.

Financial highlights

• Q3 FY26 consolidated revenue: INR 2,943 crore (+38% YoY); operating EBITDA: INR 247 crore (+53% YoY); PAT before impairment: INR 84 crore (+128% YoY).

• 9M FY26 consolidated revenue: INR 8,039 crore (+29% YoY); operating EBITDA: INR 608 crore (+26% YoY); profit before impairment: INR 158 crore (+19% YoY).

• Consumer Durable Division Q3 revenue: INR 1,971 crore (+27% YoY); EBITDA: INR 141 crore (+22% YoY).

• Electronics Division Q3 revenue: INR 845 crore (+79% YoY); EBITDA: INR 88 crore (+157% YoY).

• Railway/Defense Division Q3 revenue: INR 127 crore (+20% YoY); EBITDA: INR 18 crore (+49% YoY).

Outlook and guidance

• Consumer Durable Division expected to grow 13%-15% for FY26 despite a flattish industry outlook.

• Electronics Division targets double-digit EBITDA margins in FY27, with strong growth from PCBA, bare PCB, and power/automation electronics.

• Sidwal (Railway/Defense) division aims to double revenue in the next two years, with 40% growth expected next year.

• Management continues to monitor regulatory changes and market developments, especially regarding labour codes and joint venture restructuring.

• Industry-wide RAC volume growth projected at 12%-15% CAGR over the next 4-5 years.