Amber Enterprises- Shares of the Company
Shares of Amber Enterprises tanked 18 per cent to Rs 2,780 on the BSE in Monday’s intra-day trade.
Amber Enterprises earnings before interest, taxes, depreciation, and amortization (EBITDA) were down 240 bps to 6.5 %.
Amber Enterprises- Earning after EBITDA
Amber Enterprises- Main Cause of Loss
Due to delay in passing of higher raw material forr Amber Enterprises, prices along with sharp increase in employee cost.
The stock has slipped 31 per cent from its record high level on Rs 4,023.65 touched on May 2, 2022.
Amber Enterprises- 31% Dwon from High
Amber Enterprises- Revenue Increased
In Q4, Amber Enterprises consolidated revenue increased by 21 per cent year on year (YoY) to Rs 1,937 crore.
Profit after tax declined by 22 per cent YoY to Rs 59 crore dragged by lower EBITDA margin and higher interest outgo.
Amber Enterprises- Profit after Tax
Amber Enterprises- ICICI Securities
ICICI Securities believe that a change in product mix and higher input costs impacted profitability in Q4.
Combined with higher interest outgo (up 77 per cent YoY to Rs 18.6 crore), resulted in sharp drop in the Q4 bottom line.
Amber Enterprises- High Interest Outgo
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