Amber Enterprises Q1 Review - Strong Growth Outlook: Dolat Capital

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..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Amber Enterprises Q1 Review - Strong Growth Outlook: Dolat Capital

Amber Enterprises Q1 Review - Strong Growth Outlook: Dolat Capital

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