Amber Enterprises India Stock Price: Shares of electronic devices maker Amber Enterprises India saw a rise of up to 12 percent on January 23 due to heavy buying and the price reached a high of Rs 7033.45 on BSE. With this, the decline seen in the last two trading sessions in the stock stopped. The company is scheduled to release its financial results for the October-December 2024 quarter today, January 23. It is expected that the company will return to profit.
According to a CNBC-TV18 poll, Amber Enterprises India’s net profit is expected to be Rs 23 crore in the December 2024 quarter. A year ago the company had seen a loss of Rs 50 lakh. At the same time, revenue is expected to increase by 33 percent to Rs 1,722 crore on an annual basis and EBITDA is expected to increase by 53 percent to Rs 120 crore. EBITDA margins are also expected to increase by 90 basis points to 6.9 percent.
Amber Enterprises had a loss of Rs 12 crore in the September quarter.
According to BSE data, Amber Enterprises’ standalone revenue in the July-September 2024 quarter was Rs 875.43 crore. Meanwhile, the company reported a net loss of Rs 12.35 crore on a standalone basis. The areas of focus for management commentary this time are expected to include new customer additions, outlook for standalone operations as well as subsidiaries’ operations, demand trends and margin growth in non-RAC, electronics and railways sectors. .
Shares rose 90 percent in one year
The market cap of Amber Enterprises India has reached Rs 23,400 crore. According to BSE, the stock has risen almost 90 percent in the last one year. Promoters held 39.72 percent stake in the company till the end of December 2024. The stock had created a 52-week high of Rs 8,167.10 on January 7, 2025. Whereas the 52-week low of Rs 2,991.20 was seen on March 20, 2024.