Amber Enterprises India (AMBER ) Q4 20/21 earnings summary

Executive summary

• FY21 performance was pressured by COVID-19 lockdowns: consolidated revenue fell 24% YoY and Operating EBITDA fell 30% YoY; demand recovered in Q2 and Q3 as restrictions eased.

• AGM resolutions to adopt FY21 accounts, reappoint Daljit Singh and ratify cost-auditor remuneration all passed with requisite majority.

Financial highlights

• Consolidated revenue from operations was ₹303,052 lakh vs ₹396,279 lakh in FY20; PBT was ₹12,013 lakh vs ₹19,074 lakh.

• Consolidated PAT was ₹8,328 lakh vs ₹16,414 lakh; EPS was ₹24.96 vs ₹50.37.

• Operating EBITDA was ₹22,858 lakh vs ₹32,617 lakh; cost-rationalisation efforts helped limit fixed and semi-variable expenses.

• Standalone revenue was ₹229,591 lakh vs ₹300,274 lakh; PAT was ₹5,156 lakh vs ₹11,794 lakh.

Outlook and guidance

• Management was optimistic about domestic and export opportunities, supported by green-energy investment and stricter environmental norms; priorities include customer-centric design, cost reduction and resource optimisation.

• Two greenfield facilities, in the Supa region and South India, were planned to expand Room AC and component capacity and geographic reach.

• Stated operational capacity was 4.8 million; two greenfield facilities had been established under the four-pillar growth strategy.

• Growth priorities include new customers, export-market entry, higher wallet share with existing customers and continued R&D and technology investment.