Amber Enterprises India Limited , a key player in the consumer durables and electronics manufacturing sector, reported a flat revenue of ₹1,647.00 crores for Q2, demonstrating resilience in the face of significant industry headwinds. The company's performance comes against the backdrop of a sharp 30-35% decline in the room air conditioning industry, attributed to unfavorable weather conditions and customer purchase deferrals following GST rate cut announcements.

Financial Highlights

Despite the challenging environment, Amber Enterprises showcased its adaptability across its diverse business segments:

Consumer Durables Division

• Revenue declined by 18%, outperforming the broader industry's steeper fall
• Management expects 13-15% growth for the full year, driven by diversified product offerings and expanding component businesses

Electronics Division

• Grew by 30% to ₹642.00 crores
• Targeting revenue of over ₹3,200.00 crores for the full year
• Margins expected to improve to 8-9% range by year-end

Railway Division

• Recorded 7% growth to ₹132.00 crores
• Strong order book of ₹2,600.00 crores, with additional orders expected

Strategic Developments

Amber Enterprises made significant strides in strengthening its market position and future growth prospects:

1. Fundraising: Raised ₹1,000.00 crores through QIP from marquee investors
2. Acquisitions:
   • Completed acquisition of 60% stake in Power-One Microsystems
   • Acquired 40.2% stake in Israel-based Unitronics
3. Government Approvals: Secured approval for PCB project under ECMS scheme with planned investment of ₹991.00 crores

Future Outlook

Jasbir Singh, Executive Chairman and CEO, expressed optimism about the company's future, stating, "We are very hopeful that this division will double its revenue in next 2 financial years," referring to the Railway Subsystem and Defense division.

The management anticipates:

• Consumer Durables division to grow 13-15% for the year
• Electronics division to reach over ₹3,200.00 crores in revenue
• Potential for doubling Railway division revenue in the next two financial years

Industry Perspective

The recent GST rate reduction from 28% to 18% on room air conditioners is expected to boost industry growth by enhancing affordability and driving deeper market penetration. Amber Enterprises is well-positioned to capitalize on this trend, with its diversified product portfolio and expanding capabilities across segments.

As the company navigates through short-term challenges, its strategic investments and market positioning suggest a robust growth trajectory in the coming years, aligned with the broader industry expansion and government initiatives promoting domestic manufacturing.

Amber Enterprises India Limited , a key player in the consumer durables and electronics manufacturing sector, has released its financial results for the second quarter and first half of fiscal year 2026, revealing a mixed performance amid challenging market conditions.

Q2 FY26 Performance

For the quarter ended September 30, 2025, Amber Enterprises reported:

The company faced headwinds in Q2, with revenue declining slightly year-over-year and a significant drop in profitability. The loss of ₹32.00 crores in Q2 FY26 compared to a profit of ₹21.00 crores in the same quarter last year underscores the challenges faced during this period.

H1 FY26 Performance

For the first half of FY26, the results showed more resilience:

Despite strong revenue growth of 24.72% in H1 FY26, the company's profitability was impacted, with PAT declining by 22.92% compared to the previous year.

Divisional Performance

Consumer Durables Division

• Revenue grew by 15% YoY in H1 FY26 but declined by 18% in Q2 FY26.
• Performance was affected by challenging conditions in the Room Air Conditioner (RAC) industry, including unfavorable weather and GST reduction announcements.

Electronics Division

• Demonstrated strong growth with revenue increasing by 60% in H1 FY26 and 30% in Q2 FY26.
• Received approval for Ascent Circuit's multi-layer PCBs application under the ECMS scheme, with a planned investment of ₹991.00 Cr.

Railway Sub-systems & Defense Division

• Recorded revenue growth of 17% in H1 FY26 and 7% in Q2 FY26.
• Order book visibility stands at ₹2,600.00 Cr, indicating strong future prospects.

Strategic Developments

1. GST Reduction Impact: The reduction of GST on RACs from 28% to 18% is expected to drive industry growth by enhancing affordability and penetration.

2. Equity Fundraising: Successfully raised equity funds of approximately ₹1,000.00 Cr from marquee investors through Qualified Institutions Placement.

3. IL JIN Electronics Funding: Secured ₹1,750.00 Cr in strategic funding to enhance manufacturing capabilities and explore strategic acquisitions.

4. Power-One Acquisition: IL JIN Electronics acquired a 60% stake in Power-One Micro Systems Private Limited for ₹262.00 Cr, expanding its presence in the industrial electronics segment.

5. International Expansion: IL JIN Holding Ltd was established as a Special Purpose Vehicle to facilitate international investments and acquisitions.

Management Commentary

Mr. Daljit Singh, Managing Director, commented on the results: "Despite the challenges we faced, including non-conducive weather and GST rate reduction impacts, we remain optimistic about our growth trajectory. The GST reduction on RACs is a positive development that should drive deeper market penetration and support premiumization. We are confident that our strategic initiatives across divisions position us well for the next phase of growth."

Outlook

Amber Enterprises expects inventories to normalize by Q4 and anticipates outpacing RAC industry growth for the full year. The company's diversified portfolio and strategic expansions in electronics and railway sub-systems are expected to drive future growth.

The company's performance in the coming quarters will be closely watched as it navigates the evolving market dynamics and leverages its strategic investments across various segments.