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Dolat Capital Report
Amber Enterprises India Pvt Ltd. reported in-line sales, while Ebitda and profit after tax came ahead of estimates. Sales came in flat with a revival of operations to pre-Covid-19 levels.
Ebitda was up 16% due to a better gross margin by approximately 1.5% to 18.5% in Q3.
PAT was up 12% YoY with three times other income and lower interest cost by 18% YoY.
The ban on the import of air conditioner complete built units with refrigerants (75% of the AC imports at Rs 30 billion) is an opportunity for the company, it has signed six new customers since the announcement.
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