Amber Enterprises adjusted PAT rises 19% YoY to ₹126 crore in Q1FY27
Amber Enterprises India Limited reported a 19% year-on-year increase in adjusted PAT to ₹126 crore for Q1FY27, driven by strong performance in its Electronics and Consumer Durables divisions. Consolidated revenue rose 13% to ₹3,888 crore, while operating EBITDA expanded 28% to ₹337 crore. Statutory net profit fell 97% due to a ₹123 crore exceptional loss from the Ascent Circuits stake acquisition. The company also announced a manufacturing collaboration with OPPO Mobiles for smartphones and broke ground on a new HDI PCB facility in Jewar.

*this image is generated using AI for illustrative purposes only.
Amber Enterprises India Limited ( Amber Enterprises ) reported robust operational growth in its unaudited financial results for the first quarter of FY27, with adjusted profit after tax (PAT) rising 19% year-on-year to ₹126 crore. This figure excludes an exceptional loss of ₹123 crore arising from the adjustment of put liabilities following the increased stake acquisition in its subsidiary, Ascent Circuits Private Limited.
Consolidated revenue from operations grew 13% to ₹3,888 crore, supported by double-digit expansion across key business segments. Operating EBITDA expanded 28% to ₹337 crore. The strong performance was primarily driven by the Electronics Division, which saw revenue surge 29% to ₹985 crore and operating EBITDA jump 117% to ₹107 crore. The Consumer Durables Division also contributed positively, with revenue growing 8% to ₹2,758 crore and operating EBITDA rising 12% to ₹214 crore. In contrast, the Railway Sub-systems & Defence Division recorded an 18% revenue increase to ₹144 crore but saw operating EBITDA decline by 26% to ₹16 crore.
Financial Performance
The consolidated financial highlights for Q1FY27 underscore the group's underlying operational strength despite the headline net profit impact from non-recurring items.
| Metric: | Q1FY27 (₹ crore) | Change |
|---|---|---|
| Consolidated Revenue: | 3,888 | +13% |
| Operating EBITDA*: | 337 | +28% |
| Adjusted PAT#: | 126 | +19% |
| Exceptional Loss: | 123 | N/A |
*Operating EBITDA is before impact of ESOP expense & other non-operating income and expenses. It includes an adjustment for inventory consumption related to recent acquisitions (PowerOne, Unitronics, Shogini) aggregating ~₹15.35 crore. #Adjusted PAT is before the exceptional loss of ₹123 crore.
The standalone results showed a divergence from the consolidated figures, with standalone revenue declining 7.9% to ₹26,626.67 crore (converted from lakhs in previous filings for readability context, though new data focuses on consolidated highlights). Standalone net profit fell 3.4% to ₹65.78 crore compared to ₹68.09 crore in Q1FY26. The consolidated net profit, including the exceptional item, dropped 97% to ₹3.09 crore, highlighting the significant impact of the accounting adjustment on the bottom line.
What the Numbers Show
A critical observation is the divergence between headline profitability and operational cash generation. While consolidated net profit collapsed due to the ₹123 crore exceptional charge, the adjusted PAT of ₹126 crore reflects a healthy 19% growth trajectory. The operating EBITDA margin improved significantly, driven by the high-margin Electronics Division which posted an 117% surge in EBITDA. This suggests that core operational efficiencies are strengthening, even as one-time accounting adjustments distort statutory net profit figures.
Strategic Developments
Beyond financial results, Amber Group announced several strategic initiatives aimed at diversifying its revenue streams. The company entered into a Manufacturing Collaboration Agreement with OPPO Mobiles India Private Limited to foray into mobile phone manufacturing. This partnership covers smartphone brands OPPO, OnePlus, and Realme. Trial production is expected in Q4FY27, with commercial production anticipated in Q1FY28. This asset-light venture aims to de-seasonalise revenue and broaden the product portfolio.
Additionally, the company conducted the ground-breaking ceremony for a High-Density Interconnect (HDI) PCBs manufacturing facility at YIEDA, Jewar, Uttar Pradesh. This facility represents a joint expertise effort between Amber Group and Korea Circuit Co., further strengthening its position in the electronics supply chain. Construction is also progressing well for a new multi-layer PCB facility at Hosur, Tamil Nadu, and an expansion of the IL JIN Electronics facility in Pune.
Corporate Governance
The Board approved several governance changes during the quarter:
- Leadership Appointment: Mr. Sudhir Goyal, CFO of Amber Enterprises, was appointed as CFO of IL JIN Electronics (India) Private Limited, effective August 13, 2026.
- Board Re-appointments: Ms. Sabina Moti Bhavnani and Mr. Prakash Iyer were re-appointed as Non-Executive Independent Directors for a second five-year term, effective September 19, 2026.
- AGM Notice: The 36th Annual General Meeting is scheduled for September 16, 2026.
Operational Updates
The company disclosed a fire incident at one of IL JIN’s factories in Greater Noida on August 4, 2026. Management stated that preliminary assessments indicate no material impact on the group’s financial position or operations, noting that assets are adequately insured. Claims processes have been initiated, and operations in the affected area remain temporarily impacted.
Furthermore, IL JIN completed the acquisition of a 38.5% stake in Ascent Circuits for ₹3,280 crore, increasing its holding to 98.5%. This transaction triggered the exceptional item recorded in the financial results due to the difference between the carrying value of the put liability and the consideration paid.
Historical Stock Returns for Amber Enterprises
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.72% | -4.66% | -7.67% | -7.83% | +4.85% | +145.39% |
How will the transition to commercial smartphone production with OPPO and OnePlus in Q1FY28 impact Amber Enterprises' revenue mix and margin profile compared to its traditional consumer durables business?
What are the specific timelines and capacity targets for the new HDI PCB facility in Jewar, and how will it position Amber against competitors in the high-end electronics supply chain?
Could the recent fire incident at the IL JIN Greater Noida factory lead to any long-term operational disruptions or increased insurance premiums that might affect future EBITDA margins?

































