Amber Enterprises Slides After Margin Warning; AC Stocks Extend Losses

Shares of Amber Enterprises India dropped sharply on Monday after the company flagged temporary pressure on margins during its post-results conference call.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

The stock declined nearly 15% during the session and was trading at ₹7,230.50 on the NSE, down ₹1,246 from the previous close.

The fall came even after the company reported fourth-quarter earnings that exceeded analyst estimates on profit and operating performance.

Margin Outlook Weighs On Investor Sentiment

During the earnings call, management said consolidated margins may face pressure of 50-100 basis points in the near term because of rising raw material costs in the electronics business.

The company stated that prices of Copper Clad Laminate, a key input used in PCB and Bare PCB manufacturing, have increased significantly over the past year.

Amber Enterprises reported net profit of ₹134 crore for the March quarter, compared with ₹116.07 crore in the same period last year. Revenue from operations rose 10.5% year-on-year to ₹4,147.52 crore.

EBITDA increased 21.5% to ₹358.23 crore from ₹294.76 crore a year earlier. EBITDA margin expanded to 8.6% from 7.9%.

Electronics And Railway Segments Show Growth

The company’s electronics division recorded revenue growth of 20.6% year-on-year to ₹1,015 crore during the quarter.

Management said the electronics business is expected to grow 40% in FY27, supported by PCB and Bare PCB operations.

Amber Enterprises also projected 30-35% growth for its railway division in FY27 and FY28. The company said the Sidwal greenfield facility is ready, and commercial production will begin during the current period.

The company further stated that construction work at Akcent Circuit is expected to begin by June 2026. Amber also increased its stake in Unitronics to 50.4%.

Other Air-Conditioner Stocks Decline

Selling pressure was also visible in other air-conditioner and consumer durable stocks after new import restrictions were announced by the Department for Promotion of Industry and Internal Trade.

Under the revised rules, companies can import refrigerator compressors up to 40% of their FY25 import volumes. Imports of air-conditioner compressors for units up to two tonnes have been capped at 30% of FY25 volumes.

According to industry data, this segment accounts for more than 85% of domestic air-conditioner sales. Blue Star shares fell 3.7% to ₹1,596.75, while Voltas declined 1.44% to ₹1,213.40.

EPACK Durable slipped 2.02% to ₹235.60, while PG Electroplast dropped 5.02% to ₹462.70 during Monday’s trade.