Amber Enterprises India Limited , a key player in the consumer durables manufacturing sector, has reported full compliance with its stated objectives for its Rs 1,000 crore Qualified Institutions Placement (QIP). The company also released its financial results for the second quarter and first half of fiscal year 2026, revealing a mixed performance amid challenging market conditions.

QIP Fund Utilization

According to the monitoring agency report submitted by Amber Enterprises, there has been no deviation from the stated objectives of the QIP. CARE Ratings Limited, the appointed monitoring agency, reported that the company has utilized Rs 986.00 crore as per the disclosures in the offer document. The funds were allocated as follows:

The QIP issue period was from September 16 to September 22, 2025. The report was reviewed by the Audit Committee and approved by the Board of Directors, underscoring the company's commitment to transparency and proper fund utilization.

Financial Performance Q2 & H1 FY26

Amber Enterprises faced headwinds in the second quarter of FY26, primarily due to unfavorable weather conditions and the impact of GST rate reduction on Room Air Conditioners (RACs).

Q2 FY26 Highlights:

• Revenue: Rs 1,647.00 crore, relatively flat year-over-year
• Operating EBITDA: Rs 98.00 crore, a 19% decline from the previous year
• Net Loss: Rs 32.00 crore, compared to a profit of Rs 21.00 crore in Q2 FY25

H1 FY26 Highlights:

• Revenue: Rs 5,096.00 crore, a 25% growth over H1 FY25
• Operating EBITDA: Rs 361.00 crore, up 13% year-over-year
• Profit After Tax: Rs 74.00 crore, a 23% decline from H1 FY25

Segment Performance

1. Consumer Durables Division:

   • 15% revenue growth in H1 FY26
   • 18% decline in Q2 FY26

2. Electronics Division:

   • Strong growth with 60% revenue increase in H1 FY26
   • 30% growth in Q2 FY26

3. Railway Sub-systems & Defense Division:

   • 17% revenue growth in H1 FY26
   • 7% growth in Q2 FY26

Management Commentary

Daljit Singh, Managing Director of Amber Enterprises, commented on the results: "We sincerely appreciate the Government of India for the GST reform and the reduction of GST on RACs from 28% to 18%. This will strengthen industry growth by enhancing affordability, driving deeper penetration, and supporting premiumization."

He added, "Despite the challenges, we delivered flattish Revenue of Rs 1,647 Cr, and Operating EBITDA of Rs 98 Cr in Q2FY26. The PAT during the period got further impacted by the higher financing cost owing to Power-One stake purchase & elevated inventory levels; and share of loss of JVs."

Future Outlook

The company remains optimistic about outpacing RAC industry growth for the full year. The Electronics Division continues its strong growth trajectory, while the Railway Sub-systems & Defense division has strengthened its order book visibility to Rs 2,600.00 crore.

Amber Enterprises successfully raised equity funds of approximately Rs 1,000.00 crore from marquee investors through the Qualified Institutions Placement, demonstrating investor confidence in the company's growth prospects.

As the company navigates through the current challenges, it remains focused on strategic initiatives across divisions to position itself for the next phase of growth in the consumer durables and electronics manufacturing sectors.

Amber Enterprises India Limited , a key player in the consumer durables sector, has reported a challenging second quarter for the period ended September 30, along with significant strategic moves.

Financial Performance

The company reported a net loss of 329.00 million rupees for the quarter, a substantial decline from the net loss of 192.50 million rupees in the corresponding quarter of the previous year. This represents a year-over-year increase in losses of approximately 70.91%.

Revenue for the quarter stood at 16.50 billion rupees, marking a slight decrease from 16.80 billion rupees reported in the same quarter last year. This represents a year-over-year decline of about 1.79% in top-line performance.

Operational Metrics

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the quarter was 913.00 million rupees, down from 1.13 billion rupees in the previous year, indicating a decrease of approximately 19.20%.

The EBITDA margin compressed to 5.54% from 6.75% year-over-year, suggesting increased pressure on the company's operational efficiency.

Strategic Acquisitions and Fundraising

Amber Enterprises completed several strategic acquisitions during the quarter, including:

• Power-One Micro Systems Private Limited for 2,620.00 million rupees through its subsidiary ILJIN Electronics
• ILJIN Holding Ltd.

The company also raised significant funds:

• 9,999.99 million rupees through a Qualified Institutional Placement (QIP) by issuing 1,257,861 equity shares at 7,950 rupees per share
• ILJIN received 3,700.01 million rupees through issuance of Compulsory Convertible Preference Shares

Segment Performance

Amber Enterprises operates in three primary segments:

1. Consumer Durables Division
2. Electronics Division
3. Railway Sub-system & Defense Division

The results include consolidated financials covering the holding company and its subsidiaries across these divisions.

Audit Review

The company's auditors, S.R. Batliboi & Co. LLP, issued unmodified review reports for both standalone and consolidated results.

Market Position

Despite the challenging quarter, Amber Enterprises remains a significant player in the consumer durables and electronics manufacturing sector in India. The company's diverse portfolio, which includes air conditioners, washing machines, and refrigerators, positions it in the Indian consumer appliances market.

The strategic acquisitions and fundraising efforts demonstrate the company's commitment to growth and expansion, even in the face of current financial challenges.