Amber Enterprises India Limited shares surged over 5% in trade after the company delivered a strong operating performance for the December quarter, with revenue and margins beating Street expectations despite profitability being impacted by a large exceptional charge.
For Q3FY26, Amber Enterprises reported a robust 38% year-on-year growth in consolidated revenue, which stood at ₹2,943 crore compared with ₹2,133 crore in the same quarter last year. The topline performance comfortably surpassed market expectations of around ₹2,457 crore, driven by strong demand across key business segments and improved execution.
Operating performance saw a sharp improvement during the quarter. EBITDA rose 55% YoY to ₹246 crore from ₹159 crore in Q3FY25, significantly higher than Street estimates of ₹156 crore. This translated into a healthy expansion in operating margins, with EBITDA margin improving by 90 basis points to 8.35% from 7.45% a year ago, reflecting better operating leverage and cost efficiencies.
However, despite the strong operating momentum, profitability was weighed down by sizeable exceptional items. Amber Enterprises reported a consolidated net loss of ₹9.33 crore for Q3FY26, compared with a net profit of ₹37.04 crore in the corresponding quarter last year. The reported loss was also well below market expectations, which had pegged profit at around ₹47 crore.
The company disclosed exceptional charges of approximately ₹103 crore during the quarter. These were primarily related to the implementation of new labour codes and costs associated with Sidwal, along with a loss of ₹8.6 crore arising from a joint venture. These one-off items significantly impacted the bottom line, overshadowing the otherwise strong operational performance.