Amber Enterprises India Ltd saw its shares rise by nearly 7% after reporting robust 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, the revenue saw a 29.8% sequential decline from ₹2,401.29 crore in Q1 FY25.
- Net Profit: ₹20.96 crore, a notable improvement from a net loss of ₹5.65 crore YoY, though a 71.9% drop from ₹74.72 crore in Q1 FY25.
In addition, the company’s Board of Directors approved the merger of AmberPR Technoplast India Private Limited with Amber Enterprises to streamline operations, 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.
As of 12:04 pm, the shares were trading 13.60% higher at ₹6,466.65 on NSE.
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