Amber Enterprises India Q1 FY27 Results: Revenue Rises 13%,enter into mobile manufacturing
Amber Enterprises India Limited reported its Q1 FY27 performance in its investor presentation for the quarter ended June 2026. The company recorded consolidated revenue growth along with stronger operating profitability, while its Electronics division delivered particularly strong growth. The quarter also saw Amber enter mobile manufacturing through a collaboration with OPPO Mobiles India and progress with PCB manufacturing expansion.
Amber Enterprises Q1 FY27: Key Highlights
Amber Enterprises reported the following consolidated performance for Q1 FY27:
- Revenue from Operations: ₹3,888 crore
- Revenue growth: 13% YoY
- Operating EBITDA: ₹337 crore
- Operating EBITDA growth: 28% YoY
- Operating EBITDA margin: 8.7%, compared with 7.6% in Q1 FY26
- Adjusted PAT: ₹126 crore
- Adjusted PAT growth: 19% YoY
The reported PAT was ₹3 crore, compared with ₹106 crore in Q1 FY26, primarily reflecting an exceptional item of ₹123 crore in Q1 FY27. Adjusted PAT, before the exceptional loss, increased 19% YoY to ₹126 crore.
Consolidated Revenue Growth
Amber Enterprises’ consolidated revenue from operations increased from ₹3,449 crore in Q1 FY26 to ₹3,888 crore in Q1 FY27, representing 13% YoY growth.
Operating EBITDA increased from ₹263 crore to ₹337 crore, while the operating EBITDA margin improved from 7.6% to 8.7%.
Gross profit also increased significantly, rising from ₹542 crore in Q1 FY26 to ₹746 crore in Q1 FY27. Gross margin improved from 15.7% to 19.2%.
Consumer Durables Division
The Consumer Durables Division continued to be a major contributor to Amber Enterprises’ business.
Revenue increased from ₹2,560 crore in Q1 FY26 to ₹2,758 crore in Q1 FY27, representing 8% YoY growth.
Operating EBITDA increased from ₹192 crore to ₹214 crore, registering 12% growth.
The division’s operating EBITDA margin stood at 7.8% in Q1 FY27, compared with 7.5% in Q1 FY26.
The company said the division added new customers during the quarter, strengthening its customer base. It also highlighted a wider product portfolio and stronger presence in the Light Commercial AC segment.
For FY27, the division expects revenue growth broadly in line with industry growth.
Electronics Division Delivers Strong Growth
The Electronics Division was one of the key highlights of Q1 FY27.
Revenue increased from ₹766 crore in Q1 FY26 to ₹985 crore in Q1 FY27, representing 29% YoY growth.
Operating EBITDA increased from ₹49 crore to ₹107 crore, registering a substantial 117% YoY growth.
Operating EBITDA margin increased from 6.4% to 10.8%.
The company said its journey towards a more value-oriented electronics business is yielding dividends.
However, the Bare PCB business faced margin pressure due to a steep increase in raw material costs, particularly Copper Clad Laminate (CCL). Amber said gradual price pass-through to customers is underway.
Ascent Circuits Expansion
Amber continues to expand its PCB manufacturing capabilities.
For the Ascent-K Circuit business, the company conducted the groundbreaking ceremony for a new HDI PCB manufacturing facility at YEIDA near Jewar Airport, Uttar Pradesh.
The company also received ECMS approval for the HDI PCB application.
At Ascent Circuits in Hosur, Tamil Nadu, construction of a new multi-layer PCB facility is progressing, while ECMS approval has been received for the multi-layer PCB application.
The Pune PCB Assembly facility is also undergoing expansion.
Amber Enters Mobile Manufacturing
A major strategic development during Q1 FY27 was Amber Group’s manufacturing collaboration agreement with OPPO Mobiles India Private Limited.
The agreement covers manufacturing for the OPPO, OnePlus and Realme smartphone brands.
According to the presentation, trial production is expected in Q4 FY27, followed by commercial production in Q1 FY28.
Amber described mobile manufacturing as a new growth avenue that broadens its product portfolio and expands its addressable market.
The company also highlighted the potential for mobile manufacturing revenue to reduce business seasonality and described the business model as asset-light and capital-efficient, with minimum incremental capex.
Railway Sub-systems and Defense Division
The Railway Sub-systems & Defense Division recorded 18% YoY revenue growth during Q1 FY27.
Revenue increased from ₹123 crore to ₹144 crore.
However, Operating EBITDA declined from ₹22 crore to ₹16 crore, a 26% YoY decline. The operating EBITDA margin consequently declined from 17.9% to 11.3%.
The company attributed the margin impact to product mix, continued commodity inflation, particularly copper, foreign currency fluctuations and the minimum wage revision in Haryana.
For FY27, Amber expects the division to deliver 30–35% revenue growth.
Railway and Defense Expansion
Amber’s Railway Sub-systems & Defense business has an order book visibility of more than ₹2,750 crore.
The division is expanding its product portfolio across railways, metros and adjacent markets, including HVAC for railways and metro systems, defence HVAC, data-centre HVAC, gangways, doors, pantry systems, bus HVAC, brakes, couplers and microprocessor controllers.
The company’s Sidwal greenfield facility is operational, adding capacity for future growth.
Its Yujin Machinery joint venture facility is ready, with product development and design underway. Commercial production is anticipated to commence in H2 FY27, subject to the requisite RDSO approval.
Product Portfolio Expansion
Amber Enterprises has expanded beyond its traditional consumer durable manufacturing activities through organic and inorganic initiatives.
Its Electronics portfolio now includes areas such as:
- EMS and PCB assembly
- Bare PCBs
- Power electronics
- Industrial automation
- Consumer durables
- Automotive
- Telecommunications
- Smart watches
- Energy and power
- Aerospace and defence
The presentation highlights the company’s expansion of capabilities through acquisitions as well as organic business development.
Financial Performance in Detail
Amber’s Q1 FY27 consolidated financial performance was:
Revenue from Operations: ₹3,888 crore versus ₹3,449 crore in Q1 FY26, up 13%.
Gross Profit: ₹746 crore versus ₹542 crore, up 38%.
Operating EBITDA: ₹337 crore versus ₹263 crore, up 28%.
EBIT: ₹267 crore versus ₹225 crore, up 18%.
Profit Before Tax before exceptional items and share of JV: ₹182 crore versus ₹161 crore, up 13%.
Reported PAT: ₹3 crore versus ₹106 crore.
Adjusted PAT: ₹126 crore versus ₹106 crore, up 19%.
Operating EBITDA margin improved to 8.7% from 7.6%, while adjusted PAT margin stood at the level reflected in the presentation after excluding the exceptional item.
Exceptional Item and Adjusted PAT
The sharp difference between reported PAT and adjusted PAT is an important feature of the Q1 FY27 financials.
Reported PAT stood at ₹3 crore, compared with ₹106 crore in Q1 FY26.
The presentation shows an exceptional item of ₹123 crore and identifies the loss as relating to impairment of investment in Shivalik and share of loss of JV.
After adjusting for the exceptional loss, Adjusted PAT was ₹126 crore, compared with ₹106 crore in Q1 FY26, representing 19% YoY growth.
Amber Enterprises Q1 FY27: Overall Business Performance
Amber’s Q1 FY27 performance shows growth across its three major operating divisions, although the margin trends differed.
The Consumer Durables Division delivered 8% revenue growth and 12% Operating EBITDA growth.
The Electronics Division recorded 29% revenue growth and 117% Operating EBITDA growth, making it the strongest growth contributor among the divisions.
The Railway Sub-systems & Defense Division delivered 18% revenue growth, although Operating EBITDA declined 26% due to margin pressures.
At the consolidated level, revenue grew 13%, Operating EBITDA increased 28%, and Adjusted PAT rose 19% YoY.
Key Developments During Q1 FY27
The major developments highlighted in Amber Enterprises’ Q1 FY27 investor presentation include:
- 13% consolidated revenue growth
- 28% growth in Operating EBITDA
- 19% growth in Adjusted PAT
- 29% growth in Electronics Division revenue
- 117% growth in Electronics Division Operating EBITDA
- Entry into mobile manufacturing through the OPPO collaboration
- Planned mobile manufacturing trial production in Q4 FY27
- Planned commercial mobile production in Q1 FY28
- Groundbreaking ceremony for the HDI PCB facility at YEIDA
- Expansion of the multi-layer PCB facility at Hosur
- Expansion of PCB Assembly capacity in Pune
- More than ₹2,750 crore order book visibility for Railway Sub-systems & Defense
- Operationalization of the Sidwal greenfield facility
- Progress of the Yujin JV facility