Friday, November 7: Shares of Amber Enterprises India Ltd plunged 8.95% to Rs 7,131.50 in Friday’s early trade after the company reported a weak set of Q2 earnings, missing estimates on all key parameters. The company posted a loss of Rs 33 crore in the second quarter (Q2 FY26) compared to a profit in the same period last year.
Revenue declined slightly year-on-year, while margins contracted by 120 basis points, with pressure visible across all three major business segments — consumer durables, electronics, and railway subsystem & defence.
The decline in profitability and margin compression reflect subdued demand and rising cost pressures, particularly in the company’s consumer and electronics verticals, which form a significant part of its revenue mix.
At Rs 7,131.50, Amber’s stock hit its lowest level in several sessions, compared to the previous close of Rs 7,832.50. The stock’s market capitalisation stood at Rs 23,900 crore, with a P/E ratio of 87.07.
Amber Enterprises remains one of India’s leading contract manufacturers for air conditioners and electronic solutions catering to consumer and industrial clients, but the disappointing Q2 performance has weighed heavily on investor sentiment.
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