Amber Enterprises India (AMBER ) Q4 24/25 earnings summary

Executive summary

• FY 2025 marked a milestone with consolidated total income surpassing ₹10,000 crore, revenue at ₹9,973 crore (up 48% YoY), and ROCE reaching 19.5%, reflecting strong execution of long-term growth strategy.

• PAT reached ₹251 crore, an 80% increase YoY, and operating EBITDA rose 53% to ₹796 crore.

• The group comprises multiple subsidiaries and joint ventures, with recent expansions and acquisitions in electronics, consumer durables, and new product categories.

• Q4 FY 2025 revenue was ₹3,754 crore (up 34% YoY), with PAT at ₹118 crore (up 20% YoY after JV loss of ₹10.4 crore).

• Audited standalone and consolidated financial results for FY25 were approved, with unmodified opinions from statutory auditors.

Financial highlights

• FY 2025 consolidated revenue: ₹9,97,301.57 lakh (up from ₹6,72,926.89 lakh YoY); operating EBITDA: ₹83,697.71 lakh (up from ₹54,718.97 lakh YoY); PAT: ₹25,115.14 lakh (up from ₹13,946.69 lakh YoY).

• Gross margin for FY25 was 17.9%, slightly down from 18.3% in FY24; operating EBITDA margin improved to 8.0% from 7.7%.

• Net working capital days improved to 9 from 13; net debt at ₹780 crore.

• Net cash from operating activities was ₹71,089.40 lakh in FY25.

• Received ₹36 crore PLI in FY24; expect ₹49.5 crore in FY25.

Outlook and guidance

• Electronics division expected to grow 30%-40% in FY26, with margin trajectory toward 10%-12% over two years.

• Consumer durables division targets double-digit growth, outpacing industry by 10%-12% despite seasonal headwinds.

• Railway division revenue expected to double over two years, with FY26 seeing slight growth and major traction from FY27.

• Commercial production at new electronics and railway facilities expected by FY26.

• CAC business projected to grow 20%-30% in FY26.