Scribd
Upload
6 views18 pages

Q1 FY25 Financial Results Overview

Amber Enterprises India Limited has submitted an investor presentation detailing its unaudited financial results for the quarter ending June 30, 2024, highlighting a 41% year-on-year revenue growth driven by strong demand for RAC products. The presentation outlines performance across various divisions, including a significant increase in operating EBITDA margins and expansion in product offerings. The company also notes challenges in the Railway Sub-systems & Mobility division due to project delays but maintains a robust order book for future growth.

Uploaded by

oneplus10t.2022
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
6 views18 pages

Q1 FY25 Financial Results Overview

Amber Enterprises India Limited has submitted an investor presentation detailing its unaudited financial results for the quarter ending June 30, 2024, highlighting a 41% year-on-year revenue growth driven by strong demand for RAC products. The presentation outlines performance across various divisions, including a significant increase in operating EBITDA margins and expansion in product offerings. The company also notes challenges in the Railway Sub-systems & Mobility division due to project delays but maintains a robust order book for future growth.

Uploaded by

oneplus10t.2022
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

[Link].

com

Date: 26 July 2024

To To
Secretary Secretary
Listing Department Listing Department

BSE Limited National Stock Exchange of India Limited


Department of Corporate Services Phiroze Exchange Plaza, Bandra Kurla Complex,
Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Mumbai – 400 050
Scrip Code : 540902 Scrip Code : AMBER
ISIN : INE371P01015 ISIN : INE371P01015

Dear Sir/Ma’am,

Subject: Investor Presentation on the unaudited Financial Results (standalone and consolidated) of the
Company for the quarter ended 30 June 2024

Pursuant to the relevant provisions of SEBI (Listing Obligations and Disclosure Requirements),
Regulations, 2015 as amended, please find enclosed herewith Investor Presentation on the unaudited
Financial Results (standalone and consolidated) of the Company for the quarter ended 30 June 2024.

This information is submitted to you pursuant to Regulation 30 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements), Regulations, 2015, as amended.

This information will also be hosted on the Company’s website, at


[Link] for your information and for
information of members / participants and public at large.

Kindly take the same into your records and oblige.

Thanking You,
Yours faithfully
For Amber Enterprises India Limited
Konica Digitally signed by Konica Yaadav
DN: cn=Konica Yaadav, o=Amber
Enterprises India Limited, ou,

Yaadav
email=cs_corp@ambergroupindia.
com, c=IN
Date: 2024.07.26 [Link] +05'30'

(Konica Yadav)
Company Secretary and Compliance officer
Membership No. : A30322
CIN NO. : L28910PB1990PLC010265

Amber Enterprises India Limited

Corp. Address: Regd. Office:


Universal Trade Tower, 1st Floor, Sector 49, Gurgaon-1 22018 C-I, Phase II, Focal Point, RajpuraTown-140401, Punjab
Tel.: +91 124 3923000 I Fax: +91 124 3923016,17 Tel.: +91 1762 232126, 232646 I Fax: +91 1762 232127
Amber Enterprises India Limited

Driving
Transformation.
Strengthening
the Future. .
Q1FY25
Result Presentation
July 2024
Safe Harbor
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Amber Enterprises India Limited (the “Company”), have been
prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not
form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except
by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no
representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of
the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any
liability in respect of the contents of, or any omission from, this Presentation is expressly excluded

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually
and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown
risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian
economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to
successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in
revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of
activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no
obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties
included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections
2
Q1FY25 Consolidated Performance
REVENUE^ EBITDA#
41% 43% COMMENTS
8.9% 9.0%
2,401
▪ Revenue grew by 41% YoY due to strong
1,702 217
demand for RAC owing to favourable
151 summer season

▪ Increase in operating EBITDA margins to


8.3% is reflective of our blend of strategy for
finished goods and the components
Q1FY24 Q1FY25 Q1FY24 Q1FY25
▪ Expansion of product portfolio like Tower Air
conditioners, Window Top Throw Inverter
OPERATING EBITDA* PAT Series, Tropical high efficiency split air
conditioners and Cassette Air Conditioners
45% 60%
8.1% 8.3% ▪ Induction of bare PCBs in electronics division
opened new avenues in segment of
200 75
automobile, defense, medical, energy
138 47 solutions and aerospace

▪ Strong order book and new product


additions in Railway subsystems and defense
providing long-term visibility on growth
Q1FY24 Q1FY25 Q1FY24 Q1FY25

YoY 3
* Before impact of ESOP expense and other non-operating income and expenses # includes other income ^ does not include other income
Consolidated Operating EBITDA & Revenue Build-up
REVENUE (Excl. other income) OPERATING EBITDA**

388 95 2,401 20 200


30
1,918
150
Q1FY25

Consumer Electronics Railway Sub- Total Consumer Electronics Railway Sub- Total
Durables Division* Division* systems & Durables Division* Division* systems &
Mobility Division* Mobility Division*

104 1,702 21 138


267
11
1,331 106
Q1FY24

Consumer Electronics Railway Sub- Total Consumer Electronics Railway Sub- Total
Durables Division* Division* systems & Durables Division* Division* systems &
Mobility Division* Mobility Division*

4
Revenue & Operating EBITDA are not comparable with published segment results ** Before impact of ESOP and other non-operating income & expenditures *after inter-company eliminations and adjustments
Capacity building across business divisions has fuelled growth

Rs. 709 Crs. Rs. 1,826 Crs. Rs. 1,702 Crs. Rs. 2,401 Crs.

7% 5% 6% 4% COMMENTS
8% 11% 16%
16% ▪ Consumer durables division grew by 44%
▪ RAC grew by 50%
▪ Non-RAC components vertical grew by
39%

▪ Electronics: Diversification into new business


applications through PCBA and PCB
85% 84% manufacturing opening new business
78% 80%
avenues supporting EMS play

▪ Railway Subsystem & Mobility: New


contracts strengthens order book visibility.
Developmental orders for train ACs from
European and US companies open global
markets. Defense segment gains momentum
Q1FY22 Q1FY23 Q1FY24 Q1FY25 with a growing order book

Consumer Durables* Electronics* Railway Sub-Systems & Mobility*

5
% Revenue is not comparable with published segment results *Data as % of Total Revenue (excluding other income) Total Revenue
CONSUMER
DURABLES
DIVISION
Consumer Durables Product Portfolio
24 Manufacturing Facilities spread across India near customer clusters offering just in time solutions
Diversification into Various Electronic Applications
Heat Exchanger
Target Segments

IDU
AC
ODU
▪ Split AC, Window
Copper Tube AC, Inverter AC
▪ Cassette AC and
Sheet Metal Ductables

Injection Moulding
Non-AC
Motor
▪ Refrigerators
Tools ▪ Washing Machine
▪ Microwave
Injection Moulding
components ▪ Water Purifiers

CFF ▪ Automobile
▪ Energy Meters
Non-RAC
▪ Set Top Boxes, etc.
Washing Machine FY20 FY21 FY22 FY23 FY24 FY25

7
Consumer Durables Division Performance
REVENUE (Excl. other income)

44%
1,918
1,523
COMMENTS
1,331
▪ Owing to strong summer season
600
▪ Revenue has increased by 44% YoY
▪ Operating EBITDA has increased by 42%
Q1FY22 Q1FY23 Q1FY24 Q1FY25 YoY

OPERATING EBITDA* ▪ Diversified our offerings in the component space


which are more margin accretive
6.5% 6.3% 8.0% 7.8%
▪ JV for washing machines is further strengthening
42% 150 our position in the consumer durable space
96 106 beyond Air conditioners

39

Q1FY22 Q1FY23 Q1FY24 Q1FY25

8
Revenue & Operating EBITDA are not comparable with published segment results *Before impact of ESOP expense and other non-operating income and expenses
ELECTRONICS
DIVISION
Electronics Product Portfolio
5 Manufacturing Facilities spread across India
Target Segments Product Portfolio for PCBA’s and PCB

Consumer Durables

Automobile

Smart Watches

IT & Telecom

Energy

Defence & Aerospace

PCB (Backward
Integration)

FY20 FY21 FY22 FY23 FY24 FY25


10
Electronics Division Performance
REVENUE (Excl. other income)
COMMENTS
45% 388
▪ Revenue grew by 45% YoY to Rs. 388 Crs. in Q1FY25
267
208 ▪ Operating EBITDA Margin grew by 360 bps YoY to 7.7%
in Q1FY25

59 ▪ Imposition of Anti-Dumping duty on PCBs (upto 6


layers) enabled us to onboard new customers in the
segment of Consumer Electronics, IT, Auto - EV,
Q1FY22 Q1FY23 Q1FY24 Q1FY25 aerospace and defense

▪ Operating EBITDA margins expected to be in the range


OPERATING EBITDA* of 7.75%- 8% in FY25
4.3% 4.1% 7.7% ▪ Amber acquired and increased its share in ILJIN and
Ever to 90.2%
173%
30
▪ Bagged new orders in the segment of defense

▪ Looking into our current order book, our earlier


9 11
guidance for revenue growth in EMS division of 35%
-2 now stands revised to more than 45%

Q1FY22 Q1FY23 Q1FY24 Q1FY25

11
Revenue & Operating EBITDA are not comparable with published segment results *Before impact of ESOP expense and other non-operating income and expenses
RAILWAY
SUB-SYSTEMS &
MOBILITY
DIVISION
Railway Sub-systems & Mobility Product Portfolio
1 Manufacturing Facility in North India | 1 Manufacturing Facility Under Construction
Diversification into Various Electronic Applications
Target Segments 18%
16%
HVAC (Railway,
Metro, Data Center) 8%
Micro-Processor
Controller 5%
Pantry 4%
4%
Doors

Gangways

Coupler

Pantograph

Driving Gears

Defence

Data Centre

FY20 FY21 FY22 FY23 FY24 FY25 13


Railway Sub-systems & Mobility Division Performance
REVENUE (Excl. other income) COMMENTS

-9% ▪ Revenue decreased by 9% YoY to Rs. 95 crores in


104 Q1FY25 due to
95 95
▪ Delays in the Mumbai Metro project due to
shortage of rolling stock sub-systems
50
▪ Delays in the 200 Vande Bharat Express project
due to changes in coach composition
▪ Shift in focus of Indian Railways this year towards
Q1FY22 Q1FY23 Q1FY24 Q1FY25 non-AC coaches
▪ Groundbreaking ceremony of new greenfield facility for
OPERATING EBITDA* SIDWAL has been done in May’24 and is expected to
commence operations by Q1FY26
24.0% 27.4% 20.2% 21.1% ▪ Expanding wallet share in existing customers through
increased components offering per coach
26 -5%
21 20 ▪ Product trials of couplers, gears and pantographs under
Yujin JV is expected to begin in India by Q4 of this fiscal
12
▪ Bagged the developmental order of ACs for trains from
US and Europe rolling stock companies
▪ Order book stands at approx. Rs. 2,075 Crs
Q1FY22 Q1FY23 Q1FY24 Q1FY25 ▪ Defense application seeing a robust momentum

14
Revenue & Operating EBITDA are not comparable with published segment results *Before impact of ESOP expense and other non-operating income and expenses
CONSOLIDATED
FINANCIAL
PERFORMANCE
Consolidated Profit & Loss Statement
Particulars (Rs in Crs) Q1FY25 Q1FY24 YoY FY24
Revenue from Operations 2,401 1,702 41% 6,729

Raw Material Consumption (RMC) 1,975 1,405 5,500


Gross Profit 427 297 44% 1,229
Gross Margins (%) 17.8% 17.5% 18.3%

Employee Expenses (excluding ESOP expenses) 74 54 240


Other Expenses (excluding MTM loss on forward contracts, Loss on sale of FA and FA written off) 153 105 471
Total Expenses (including RMC) 2,201 1,564 6,210
Operating EBITDA 200 138 45% 519
Operating EBIDTA Margins (%) 8.3% 8.1% 7.7%

Depreciation & Amortization 55 43 187


ESOP expenses 3 5 18
Other Income (Including forex gain, adjustment of forex loss, loss on sale of FA and FA written off) 19 18 46
EBIT 162 108 361

Finance Cost 52 45 167


Profit before tax and share of (loss) from JV 110 63 194

Share of (loss) of JV (6) - (2)


PBT 104 63 191
Tax 30 16 52
PAT 75 47 60% 139
PAT Margins (%) 3.1% 2.8% 2.1% 16
Contact Us

Company : Investor Relations Advisors :

CIN: L28910PB1990PLC010265 CIN: U74140MH2010PTC204285


Mr. Sudhir Goyal Mr. Rahul Agarwal / Mr. Karan Thakker
sudhirgoyal@[Link] [Link]@[Link] / [Link]@[Link]
+91 98214 38864 / +91 81699 62562

[Link] [Link]

Common questions

Powered by AI

Amber Enterprises has strengthened its order book and long-term growth prospects by expanding into railway subsystems and defense, securing contracts that provide ongoing visibility. New product additions in these areas, such as developmental orders for train ACs and successful entry into international markets like the US and Europe, enhance their market reach. In addition, their joint ventures and diversification into electronics have further supported this long-term strategy .

The 41% year-over-year revenue growth for Amber Enterprises in Q1FY25 was primarily driven by strong demand for room air conditioners (RAC) due to a favorable summer season. Additionally, the company expanded its product portfolio to include new air conditioning models and entered new markets such as the automotive, defense, medical, energy solutions, and aerospace segments with their electronics division. This diversification and capacity building across business divisions contributed to the substantial revenue increase .

Amber Enterprises has strategically expanded its product lines to include tower air conditioners, inverter series, and cassette air conditioners, while also entering key markets like the electronics segment with PCBs. This positions them strongly in new sectors like energy, automotive, aerospace, and defense, allowing them to tap into growing demand for component diversification. Such moves not only reinforce their competitive position but also expand their addressable market, providing a robust foundation for sustained future growth .

Amber Enterprises has identified several potential risks that could impact their future performance, including economic conditions in India and internationally, industry performance, competitive pressures, the effectiveness of their strategic implementation, and potential changes in revenue, income, or cash flows. They also recognize risks related to technological changes and market preferences, as well as exposure to market risks. These challenges highlight the uncertainty inherent in the company's forward-looking statements .

The Railway Sub-systems & Mobility Division faced challenges such as revenue decline due to delays in major projects like the Mumbai Metro and the 200 Vande Bharat Express. These were attributed to shortages and changes in project specifications. To address these issues, Amber Enterprises is focusing on expanding their share in existing customer projects and increasing components offered per coach. They are also initiating product trials for new components, like couplers and gears, and have ongoing developmental AC projects with US and European markets to diversify their customer base and stabilize revenues .

Non-RAC components have significantly contributed to Amber Enterprises' financial growth, with this segment seeing a 39% increase year-over-year. The company's ability to diversify its product offerings in components has led to better margin accretion, enhancing overall profitability. The growth in non-RAC components and partnerships, such as joint ventures for washing machines, enables Amber to solidify its position in the broader consumer durables market beyond air conditioners .

Amber Enterprises has pursued diversification in the electronics industry by investing in PCB and PCBA manufacturing, which supports their EMS operations. They have targeted new segments involving consumer electronics, IT, automotive, aerospace, and defense, enabled by the recent imposition of anti-dumping duties on PCBs. These strategies help Amber onboard a broader customer base and achieve resilient growth despite market fluctuations, positioning the company advantageously in the electronics industry .

Amber Enterprises' capacity building across its Consumer Durables, Electronics, and Railway Sub-systems divisions has significantly fueled overall growth. Each division reported increased activity and revenue, with the Consumer Durables division climbing 44% and Electronics experiencing a 45% rise. By expanding manufacturing facilities and diversifying their product offerings into new market sectors, Amber has effectively scaled operations and tapped into new revenue streams, supporting robust quarter-to-quarter growth in Q1FY25 .

Operating EBITDA margins improved to 8.3% in Q1FY25 as a result of Amber Enterprises' strategic mix of finished goods and components, which allowed for margin expansion. The improvement is also linked to the increase in their product offerings, such as tower air conditioners and split air conditioners, and the successful diversification into high-margin non-RAC components .

The electronics division significantly bolstered Amber Enterprises' financial performance in Q1FY25, achieving a 45% increase in revenue to Rs. 388 Crs. The division benefited from diversification into new business applications and the imposition of anti-dumping duties on PCBs, which helped onboard new customers in sectors like consumer electronics, IT, and automotive. This diversification strategy contributed to a rise in the segment's operating EBITDA margins, projected to stabilize at around 7.75%-8% for FY25 .

You might also like