Amber Enterprises Q3: Revenue, EBITDA beat estimates; exceptional items pushes PAT into loss

Amber Enterprises India Limited delivered a strong operating performance in the December quarter, with revenue and margins beating Street expectations. Profitability, however, was hit by a large exceptional charge.

The company on Tuesday, February 10, reported a 38% year-on-year jump in consolidated revenue for Q3FY26 to ₹2,943 crore, from ₹2,133 crore a year earlier, comfortably ahead of market estimates of ₹2,457 crore.

Operating performance improved sharply, with EBITDA rising 55% YoY to ₹246 crore from ₹159 crore last year, and exceeding market estimates of ₹156 crore. EBITDA margin expanded by 90 basis points to 8.35% from 7.45% a year ago.

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However, exceptional items pushed the bottom line into the red. Amber reported a consolidated net loss of ₹9.33 crore for the quarter, compared with a profit of ₹37.04 crore in Q3FY25 and below Street expectations of a ₹47 crore profit.

The quarter included exceptional charges of about ₹103 crore related to the implementation of new labour codes and Sidwal, along with a loss of ₹8.6 crore on a joint venture.

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Segment-wise, the consumer durables division posted steady growth, with revenue rising 27% YoY to ₹2,014 crore from ₹1,586 crore. Segment PBIT increased to ₹144 crore from ₹112 crore, while margins inched up to 7.15% from 7.06%.

The electronics division emerged as the key growth driver, with revenue surging 79% YoY to ₹845 crore from ₹472 crore. PBIT more than doubled to ₹86.1 crore from ₹35.1 crore, and margins expanded sharply by 274 basis points to 10.18% from 7.44%, reflecting improving scale and operating leverage.

The railway sub-systems and defence division also reported a healthy quarter, with revenue rising 20% YoY to ₹127 crore. PBIT increased to ₹17.7 crore from ₹12.1 crore, while margins improved to 13.9% from 11.4% a year ago.

Full year guidance

Amber reiterated its full-year guidance of 13–15% growth for the consumer durables business. For the electronics division, the company expects operating EBITDA margins to move into double digits by FY27. It had earlier guided for electronics revenue of ₹3,200 crore in FY26, compared with ₹2,253 crore achieved in the first nine months of the fiscal.

For the railway sub-systems business, the company said it remains optimistic about doubling the division’s revenue over the next two financial years.

Shares of the company have been on a gaining streak for over a week now, with the stock closing 5.75% higher at ₹7,022 higher on Monday, ahead of the Q3 result announcement. The stock has surged 14.77% in the past month.