Amber Enterprises India jumps on posting Q3 profit vs loss yr ago

Amber Enterprises India

24/01/2025 05:21

** Shares of Amber Enterprises India  AMBE.NS  rise as much
as 7.1% to 7,248 rupees
    ** The consumer durable products manufacturer on Thursday
reported Q3 consol net profit of 358.7 mln rupees ($4.2 mln) vs
loss of 4.8 mln rupees yr ago, while rev from ops jumped ~65%
Y/Y to 21.33 bln rupees
    ** Co's business segments, consumer durables division and
electronics division clocked Q3 rev growth of 67% Y/Y and 96%
Y/Y, respectively
    ** More than 926,000 shares change hands, 0.9x of 30-day avg
    ** Avg rating of 22 analysts equivalent of "buy", median PT
is 6,760 rupees - LSEG data
    ** Stock rose 53.6% in Dec. qtr, its seventh straight
quarterly gain




($1 = 86.2975 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))