Amber Enterprises India Limited Reports Earnings Results for the Second Quarter Ended September 30, 2020
November 07, 2020 at 06:03 am EST
Share
Amber Enterprises India Limited announced earnings results for the second quarter ended September 30, 2020. For the second quarter, the company announced total revenue was INR 4,205.553 million compared to INR 6,230.965 million a year ago. Net income was INR 16.554 million compared to INR 117.709 million a year ago. Basic earnings per share from continuing operations was INR 0.52 compared to INR 3.74 a year ago. For the half year, total revenue was INR 6,830.45 million compared to INR 18,651.6 million a year ago. Net loss was INR 207.906 million compared to net income of INR 729.88 million a year ago. Basic loss per share from continuing operations was INR 6.56 compared to basic earnings per share from continuing operations of INR 23.21 a year ago.
Amber Enterprises India Limited is engaged in manufacturing of consumer durable products. The Company is a solution provider for air conditioner original equipment manufacturer (OEM) /original design manufacturer (ODM) industry in India. It designs and manufactures complete refrigeration and air conditioning (RACS) including window air conditioners (WACS) and indoor units (IDUS) and outdoor units (ODUS) of split air conditioners (SACs) with specifications ranging from 0.75 ton to two tons, across energy ratings and types of refrigerants. It also manufactures functional components of RACS that include heat exchangers, motors and multi-flow condensers with other components, such as sheet metal components, copper tubing and including plastic extrusion, vacuum forming and injection molding processes. The Company also manufactures components, other durables, and automobiles, such as case liners for refrigerator, plastic extrusion sheets, and sheet metal components for microwave.
AMBER ENTERPRISES INDIA LIMITED 
