Amber Enterprises India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 23, 2023 at 07:43 am EST
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Amber Enterprises India Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 13,483.06 million compared to INR 9,742.91 million a year ago. Revenue was INR 13,572.44 million compared to INR 9,829.06 million a year ago. Net income was INR 141.51 million compared to INR 321.18 million a year ago. Basic earnings per share from continuing operations was INR 4.2 compared to INR 9.53 a year ago. Diluted earnings per share from continuing operations was INR 4.2 compared to INR 9.53 a year ago.
For the nine months, sales was INR 39,244.77 million compared to INR 22,697.02 million a year ago. Revenue was INR 39,584.46 million compared to INR 22,935.58 million a year ago. Net income was INR 532.2 million compared to INR 519.75 million a year ago. Basic earnings per share from continuing operations was INR 15.8 compared to INR 15.43 a year ago. Diluted earnings per share from continuing operations was INR 15.8 compared to INR 15.43 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 
