Amber Enterprises India plunges after posting loss in Q2

Amber Enterprises India

07/11/2025 06:07

** Shares of Amber Enterprises India AMBE.NS drop nearly 10% to 7115 rupees

** AMBE on track for worst session since Jan 13

** The AC maker posts a consolidated net loss of 328 million rupees ($3.73 million) vs profit a year ago

** Jefferies says the company missed earnings estimates on weakness in the consumer durables segment, led by RAC (room air-conditioners)

** Adds RAC sales impacted by deferred sales after GST cuts

** Says net loss was due to lower margins and higher financing costs owing to stake purchase in Power-One

** Stock rated "Buy" on average by 27 analysts covering it; median PT at 8950 rupees- data compiled by LSEG

** YTD, AMBE down 3%

($1 = 87.8950 Indian rupees)

(Reporting by Komal Salecha)

((Komal@thomsonreuters.com;))