Amber Enterprises India Ltd

Financial Performance

• Consolidated revenue: INR 3,888 crores, up 13% YoY
• Operating EBITDA: INR 337 crores, up 28% YoY
• Adjusted PAT: INR 126 crores; add back 15.35 crores → INR 141 crores
• Consumer Durable revenue: INR 2,758 crores; EBITDA: INR 214 crores
• Electronics revenue: INR 985 crores; EBITDA: INR 107 crores; margin 10.8%
• Railway Sub-systems & Defense: revenue INR 144 crores; EBITDA INR 16 crores
• Margin pressure persists in H1 due to commodity prices and wage revisions; temporary

Segment Performance

• Consumer Durable: revenue INR 2,758 crores; EBITDA INR 214 crores
• Electronics: revenue INR 985 crores; EBITDA INR 107 crores; margin 10.8%
• Railway Sub-systems & Defense: revenue INR 144 crores; EBITDA INR 16 crores

Strategic Developments & Capex

• Oppo mobile JV: trial by Q4 FY27; commercial from Q1 FY28; initial ~8 million units; ramp to 15–16 million year 2
• HDI PCB expansion: Jewar, Hosur, Shogini approvals under ECMS
• Sidwal greenfield HVAC/PSU facility operational; Hosur PCB plant progress; localize HDI PCB production

Liquidity and Debt

• Net debt as on 30-Jun-2026: INR 1,225 crores

Guidance and Outlook

• Electronics revenue growth guidance: ~40% for FY27; all three divisions contributing
• Consumer Durable margin guidance: not disclosed; pass-through guided on quarterly lag
• Railways division expects 30% to 35% revenue growth for FY27

Q&A Highlights

• Oppo export/PLI: discussion ongoing; draft guidelines pending; three ECMS approvals for HDI PCB
• PCB margins: current ~12% vs historical ~16%; normalization to 15–16% from Q3; no further CCL price increases
• Oppo revenue recognition: final stage; ERP integration; decision before Sep
• Minority interest: ILJIN negative INR 19 crores in quarter; mix varies by entity
• Fundraising at ILJIN: board approved up to INR 5,000 crores; quantum and form to be updated

Subsidiary conversion to Public Limited and name change

• IL JIN Electronics (India) Private Limited, a material Amber subsidiary, converted to a Public Limited Company.
• Name changed to IL JIN Electronics (India) Limited; Fresh Certificate of Incorporation issued dated 18 August 2026.
• Effective date of change: 18 August 2026.

Subject

• IL JIN bonus issue completed on 17 August 2026.

Key details

• Amber allotted 30,49,12,000 IL JIN equity shares under the bonus issue.
• Total Amber IL JIN shares rise from 12,196,480 to 317,108,480.
• Amber's shareholding percentage remains 89.71% post-issue.

Financial implications

• No cash consideration; bonus issue allocated proportionately to all shareholders.
• No change in control or governance due to the issue.

Governance / related party

• IL JIN is a material subsidiary; related party, but the allotment is arm's length.
• No regulatory approvals required; acquisition completed via share issuance.

Operational impact

• No impact on operations or strategic outlook reported.

Meeting Details

• Date and time: 14 August 2026, 09:30 IST
• Event: Earnings Call with Investors and Analysts
• Purpose: Discuss unaudited Q1 FY27 standalone and consolidated results
• Recording: Audio recording uploaded on company website

Participants

• Key company participants: Company Secretary and Compliance Officer

IL JIN governance updates

• Prakash Iyer and Sabina Moti Bhavnani appointed as Independent Directors w.e.f 13 August 2026.
• Each appointment for five-year terms to 12 August 2031, subject to IL JIN member approval.
• Sudhir Goyal appointed as Chief Financial Officer w.e.f 13 August 2026, with committee approvals.
• Lovely Mehra resigns as Independent Director effective close of business hours on 13 August 2026.
• Annexures A and B attached; disclosures under SEBI LODR filed; information available on Amber site.

Board actions

• Approved Q1 FY27 unaudited standalone and consolidated results; limited review.
• Extracts to be published in newspapers; results available on the company website.
• Notice of 36th AGM scheduled 16 September 2026 at 11:00 IST.

Governance changes

• Sudhir Goyal appointed CFO of IL JIN Electronics (India) Private Limited; effective 13 Aug 2026.
• Remuneration up to ₹2 crore per annum; subject to member approval.
• Sabina Bhavnani and Prakash Iyer reappointed as Non-Executive Independent Directors from 19 Sep 2026.

Major acquisitions

• Power-One: 60% stake acquired for Rs 26,200 lakhs; total Rs 47,778 lakhs; provisional PPA.
• Shogini: 80% stake for Rs 50,597.55 lakhs; deferred Rs 12,301.45; total Rs 62,899 lakhs.
• Unitronics: 40.20% stake for NIS 1,561.03 lakhs; later 50.43% stake; goodwill Rs 60,023.44.

Regulatory / exceptional items

• Labour Codes impact shown as exceptional item: standalone Rs 566.39 lakhs; consolidated Rs 933.19 lakhs.

Business overview

• Core businesses: Consumer Durables, Electronics, and Railway Sub-systems.
• Strategic shift toward mobile manufacturing via Oppo collaboration and HDI PCB expansion.

Key operational highlights

• Collaboration with Oppo Mobiles India for OPPO, OnePlus, Realme.
• Ground-breaking for HDI PCB facility at YEIDA, Jewar; construction to commence.
• Sidwal Greenfield facility operational; Yujin JV facility ready for RDSO approval.
• Commercial production expected in Q1FY28; asset-light, ROCE-focused growth.

Financial performance (consolidated)

• Q1FY27 revenue ₹3,888 Cr; YoY growth 13%.
• Operating EBITDA ₹337 Cr; margin 8.7%.
• PAT ₹126 Cr for Q1FY27; FY26 PAT ₹338 Cr.
• FY26 revenue ₹12,186 Cr.

Strategic outlook & capital structure

• Asset-light, capital-efficient model supports de-seasonalised revenue via mobile business.
• Planned Q1FY28 commercial production; expansion into mobile manufacturing.
• No debt/equity changes disclosed; focus on ROCE.

Risks & mitigation

• Electronics division margin pressure from copper costs; pass-through underway.

Governance & leadership

• No governance changes disclosed in this update.