Amber Enterprises India Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
October 20, 2022 at 07:57 pm EDT
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Amber Enterprises India Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 7,504.45 million compared to INR 5,874.82 million a year ago. Revenue was INR 7,626.26 million compared to INR 5,956.24 million a year ago. Net loss was INR 29.8 million compared to net income of INR 74.31 million a year ago. Basic loss per share from continuing operations was INR 0.88 compared to basic earnings per share from continuing operations of INR 2.21 a year ago. Diluted loss per share from continuing operations was INR 0.88 compared to diluted earnings per share from continuing operations of INR 2.21 a year ago.
For the six months, sales was INR 25,761.71 million compared to INR 12,954.12 million a year ago. Revenue was INR 26,012.02 million compared to INR 13,106.52 million a year ago. Net income was INR 390.69 million compared to INR 198.58 million a year ago. Basic earnings per share from continuing operations was INR 11.6 compared to INR 5.89 a year ago. Diluted earnings per share from continuing operations was INR 11.6 compared to INR 5.89 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.