Amber Enterprises India Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call analysis: revenue, margin, capex, fundraise and order book outlook from management commentary.

Published 24 May 2026 | Consumer Durables | Market Cap: ₹26.5K Cr

Consumer Durables (CD) division expects to grow in tandem with the broader industry, which is anticipated to grow around 12%-13% in FY '27. FY '26 adjusted PAT grew 22% to INR338 crores; operating EBITDA grew 22% to INR970 crores.

From Amber Enterprises India Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹7,350

Market Cap

₹26.5K Cr

P/E Ratio

134.1

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Amber Enterprises India Ltd — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹4.1K Cr, net profit ₹162 Cr.

Full financials →

📊 Revenue & Sales Performance

→Consumer Durables (CD) division expects to grow in tandem with the broader industry, which is anticipated to grow around 12%-13% in FY '27.
→The Room AC (RAC) industry is expected to grow about 20% in Q1 FY '27 and around 12%-13% for the full year FY '27.
→Electronics division is expected to grow by approximately 40% in FY '27, driven by strong PCBA and bare PCB businesses.
→Railway division anticipates a growth of 30%-35% in revenue for FY '27 and FY '28, supported by metro, railway, and defense projects.
→Overall consolidated revenue grew 22% in FY '26 and strong growth momentum is expected to continue in FY '27.

📈 Profitability & Margins

→FY '26 adjusted PAT grew 22% to INR338 crores; operating EBITDA grew 22% to INR970 crores.
→Consumer Durable division expects industry growth of ~12-13% in FY '27; Amber expects to grow in tandem.
→Electronics division projected to grow ~40% in FY '27 with a margin improvement toward double-digit EBITDA.
→Railway Systems division anticipated revenue growth of 30-35% in FY '27 and FY '28.
→Margin pressure of 50 to 100 bps expected at consolidated level in FY '27 due to commodity prices and wage increases; temporary in nature.
→Capital subsidy benefits from FY '28 onward for new Ascent plant expected to support profitability.
→Focus on balancing volume and value businesses to drive sustainable EBITDA and EPS growth long term.

See what Amber Enterprises India Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→FY '27 capex expected around INR 1,800 to 2,000 crores, including the Ascent new project and Korea circuit JV capex.
→From a cash flow perspective, FY '27 capex cash outflow estimated at INR 1,100 to 1,200 crores due to better negotiated supplier terms.
→FY '28 capex cash outflow expected to be INR 1,400 to 1,500 crores, driven by larger Ascent-K circuit project.
→Capital subsidies already received partially on land (~25% value discount).
→Balance CapEx subsidies on building and other assets for Ascent plant expected to flow over 5-6 years starting FY '28, once commercial production begins.
→Company's strategy involves asset-heavy investments, particularly in PCB manufacturing (Ascent-K Circuit), aiming for import substitution and building a resilient electronic component ecosystem.
→Pursuing growth in electronics and railways through capacity expansion and new facilities (e.g., Sidwal's Greenfield HVAC and others).

💰 Fundraising & Capital Structure

→As of the call on May 18, 2026, Amber Enterprises India Limited had a net debt of INR 511 crores in FY '26, expected to increase to around INR 700-800 crores by year-end considering capex and cash flows.
→Net debt is expected to reach around INR 700-800 crores by the end of FY '27, factoring in capex spendings.
→There was no specific mention of any immediate plans for new fundraising through debt or equity during the call.
→Capex for FY '27 is projected between INR 1,800 to 2,000 crores overall, with cash outflow estimated around INR 1,100 to 1,200 crores due to negotiated better payment terms.
→Capital subsidy related to Ascent plant capex will start accruing from FY '28 onwards.
→Any dilution related to Compulsorily Convertible Preference Shares (CCPS) is expected in the future, but no dilution has occurred yet or been considered in current equity.

See what Amber Enterprises India Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

→The Railway division has a strong order book visibility of INR 2,600 crores plus as of May 2026.
→The Electronics division has a positive order book outlook, supporting the guidance of around 40% growth in FY '27.
→No specific overall consolidated order book number is provided, but expansions and joint ventures in PCB manufacturing indicate a robust project pipeline.
→The Capex plans (INR1,800-2,000 crores in FY '27 and INR1,200-1,300 crores in FY '28) align with new projects and expansion, reflecting healthy pending orders and planned capacity additions.

Key Metrics

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Frequently Asked Questions

What were Amber Enterprises India Ltd Q4 FY26 results?

What is Amber Enterprises India Ltd share price analysis?

Amber Enterprises India Ltd currently shows a neutral. The stock trades at a P/E of 134.1 with a market cap of ₹26,543 Cr. Investors should review the full earnings analysis for detailed insights.

Is Amber Enterprises India Ltd planning capital expenditure?

FY '27 capex expected around INR 1,800 to 2,000 crores, including the Ascent new project and Korea circuit JV capex.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.