"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."