Latest Markets Business BEEPS Earnings Personal Finance

Amber Enterprises Q2 Results: Loss Widens But Is Lower Than Estimates

Revenue rose 23.5% on year to Rs 927.06 crore for the quarter ended September.

Varsha Chandnani

Amber Enterprises Ltd.'s net loss widened in the second quarter but was lower than what analysts had estimated.

Amber Enterprises Q2 FY24 Consolidated (YoY)

Revenue up 23.5% at Rs 927.1 crore. (Bloomberg estimate: Rs 927 crore).

Ebitda jumps 62.5% to Rs 59.6 crore. (Bloomberg estimate: Rs 65.4 crore).

Margin at 6.42% vs 4.88%.

Net loss at Rs 5.65 crore vs loss of Rs 2.29 crore. (Bloomberg Estimates: Rs 9.5 crore).

Other Highlights

  • The cost of raw material was 76% of revenue vs 81% a year earlier.

  • Finance costs for the company increased 50% year-on-year.

  • Depreciation costs rose 42%.

Shares of company rose 2.84% to close at Rs 3,035 apiece compared with a 0.42% decline in the benchmark NSE Nifty 50 on Friday.

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.
GET REGULAR UPDATES
Add us to your Preferences
Set as your preferred source on Google
Beeps Img

IPO Pipeline Worth $1 Billion Builds For Used-Car Startups Like CarDekho And Spinny

  • chevron-double-right Three Indian used car startups plan IPOs within 12 to 18 months aiming to raise over $1 billion combined
  • chevron-double-right CARS24 cut jobs and shut non-core units to focus on used car marketplace ahead of potential IPO
  • chevron-double-right CarDekho deferred IPO plans and aims to merge its insurance unit with RenewBuy
More Beeps chevron-right

RECOMMENDED FOR YOU

Stock Picks Today: Aster DM, Ultratech, Supreme Industries, Amber Enterprises On Brokerages' Radar
timelogo Sep 10, 2025
Amber Enterprises Price Target Hiked At Goldman Sachs — Here's Why
timelogo Sep 10, 2025
Amber Group Arm ILJIN Electronics To Raise Rs 1,200 Crore From Private Equity Investors
timelogo Sep 07, 2025
Amber Enterprises Q1 Results: Net Profit Rises 43% To Rs 104 Crore, Beats Estimates
timelogo Jul 29, 2025

POPULAR

1
The Summer I Turned Pretty Movie: Creator Jenny Han Confirms The Premiere After Season 3 Finale
2
Solarworld Energy IPO: Price Band Set At Rs 333-351 Per Share—Details Here
3
'Promise Of Future': Urban Company CEO On Rs 1,900-Crore IPO Success Post Stellar Debut
4
The Summer I Turned Pretty Season 3 Finale Review: Belly Makes Her Choice But It Wasn't Easy For Fans
5
China Drops Google Antitrust Probe During US Trade Talks, FT Says