Amber Enterprises India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 16, 2023 at 09:41 am EDT
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Amber Enterprises India Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 30,026.19 million compared to INR 19,366.95 million a year ago. Revenue was INR 30,213.11 million compared to INR 19,460.72 million a year ago. Net income was INR 1,039.84 million compared to INR 572.17 million a year ago. Basic earnings per share from continuing operations was INR 30.86 compared to INR 16.98 a year ago. Diluted earnings per share from continuing operations was INR 30.86 compared to INR 16.98 a year ago.
For the full year, sales was INR 69,270.95 million compared to INR 42,063.97 million a year ago. Revenue was INR 69,797.57 million compared to INR 42,396.3 million a year ago. Net income was INR 1,572.04 million compared to INR 1,091.92 million a year ago. Basic earnings per share from continuing operations was INR 46.66 compared to INR 32.41 a year ago. Diluted earnings per share from continuing operations was INR 46.66 compared to INR 32.41 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.