BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Dolat Capital Report
On a favorable base, Amber Enterprises India Pvt. Ltd.’s revenue (consolidated) grew 158% YoY in Q1 mainly driven by room air conditioner/components division (up 138% /220% YoY respectively).
The RAC industry is set to grow at 28-30% YoY to eight million units in FY23, and Amber is expected to outperform it.
Motors/ electronics/ mobility applications exhibited remarkable growth on favorable base in Q1 and targeted to grow ~20-35% in FY23.
Amber’s market share currently stands at 26.6%, management is confident of increasing it by 200 bps in the near term.
New Sricity facility is expected to be operational in H2 FY23. This will help cater to the rising demand and market share gains.
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