Amber Enterprises India Q3 FY22 PAT up by 17% to Rs 33cr

Amber Enterprises India Ltd. (AEIL) has posted a profit after tax (PAT) of INR 33 crores for the third quarter of the fiscal year 2022 (Q3 FY22), a 17% increase compared to INR 28 crores in the same quarter of the previous fiscal year.

The solution provider for the air conditioner OEM/ODM Industry in India has earned revenue of INR 974 crores in the reported quarter, a 27% growth compared to INR 765 crores in Q3 FY21.

For the first nine months of Q3 FY22, that is 9MFY22, Amber Enterprises India had reported a profit after tax of INR 52 crores, a 662% surge compared to INR 7 crores in the corresponding quarter of the previous fiscal year.

The company’s revenue for 9MFY22 was INR 2,270 crores, a 58% increase compared to INR 1,432 crores in 9MFY21.

Jasbir Singh — Chairman and CEO of Amber Enterprises India said: “I’m pleased to report that on all metrics, including Revenue, EBITDA, and PAT, we were able to surpass the pre-pandemic level for the quarter. This demonstrates the customers’ positive demand prospects.

“Rising raw material prices and supply chain issues continued to plague the quarter. Amber has been able to pass on higher raw material prices to the customers and channel inventory levels are being managed by effective supply chain planning in line with growth expectations.”