Amber Enterprises India Ltd saw its shares rise by nearly 7% after reporting strong year-on-year (YoY) growth in revenue and net profit for Q2 FY25, alongside the approval of a merger with its wholly owned subsidiary, AmberPR Technoplast India Private Limited.
Key Financial Highlights:
- Revenue: ₹1,684.7 crore, marking an 81.7% YoY increase from ₹927.06 crore in Q2 FY24. However, there was a 29.8% sequential decline from ₹2,401.29 crore in Q1 FY25.
- Net Profit: ₹20.96 crore, a significant improvement from a net loss of ₹5.65 crore YoY, though a 71.9% drop from ₹74.72 crore in Q1 FY25.
As of 9:39 AM, the shares were trading 6.53% higher at ₹6,064.00.
Additionally, the Board of Directors approved the merger of AmberPR Technoplast India Private Limited with Amber Enterprises to reduce compliance costs and improve operational efficiency. AmberPR’s turnover for FY24 was ₹120.93 crore, with a net worth of ₹29.24 crore. The merger is subject to regulatory approvals.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
