Key Business Developments

Manufacturing Collaboration Agreement:

  • Amber Group entered into a manufacturing collaboration agreement with Oppo Mobiles India Private Limited
  • Scope covers smartphones brands: OPPO, OnePlus, and Realme
  • Expected timeline: Trial production in Q4FY27, Commercial production in Q1FY28
  • Strategic rationale: New growth avenue, de-seasonalised revenue, asset-light and capital-efficient model with healthy ROCE

Facility Expansions:

  • Ascent-K Circuit: Ground-breaking ceremony conducted for HDI PCB Manufacturing Facility at YIEDA, Jewar, Uttar Pradesh
  • Ascent Circuits: Construction progressing for new multi-layer PCB facility at Hosur, Tamil Nadu; ECMS approval received for Multi-layer PCBs application
  • Ascent-K Circuit received ECMS approval for HDI PCB application
  • Pune Facility: Construction progressing for PCB-Assembly expansion

Stake Changes:

  • IL JIN Electronics' stake in Ascent Circuits increased to 97.5% as of 30th June 2026
  • Further increased to 98.5% in July 2026

Financial Performance - Q1FY27 Consolidated (₹ in Crores)

Revenue & Profitability:

  • Revenue from Operations: ₹3,888 Cr (13% YoY growth from ₹3,449 Cr in Q1FY26)
  • Gross Profit: ₹746 Cr (38% YoY growth from ₹542 Cr)
  • Gross Margins: 19.2% (vs 15.7% in Q1FY26)
  • Operating EBITDA: ₹337 Cr (28% YoY growth from ₹263 Cr)
  • Operating EBITDA Margins: 8.7% (vs 7.6% in Q1FY26)
  • PAT: ₹3 Cr (97% YoY decline from ₹106 Cr)
  • PAT Margins: 0.1% (vs 3.1% in Q1FY26)
  • Adjusted PAT (before exceptional items): ₹126 Cr (19% YoY growth from ₹106 Cr)

Exceptional Items & Adjustments:

  • Exceptional loss: ₹123 Cr in Q1FY27
  • Inventory adjustments related to acquisitions: ₹15 Cr impact on raw material consumption
  • Purchase Price Allocation (PPA) impact: ~₹15.35 Cr from fair value adjustment of inventory for PowerOne, Unitronics and Shogini acquisitions

Expense Breakdown:

  • Raw Material Consumption: ₹3,142 Cr (including PPA adjustments)
  • Employee Expenses (excluding ESOP): ₹151 Cr
  • Other Expenses: ₹257 Cr
  • Depreciation & Amortization: ₹108 Cr
  • ESOP expenses: ₹4 Cr
  • Finance Cost: ₹85 Cr
  • Tax: ₹40 Cr

Divisional Performance

Consumer Durables Division:

  • Revenue growth: 8% YoY
  • Operating EBITDA growth: 12% YoY
  • Added new customers during the quarter
  • Strengthened market presence in Light Commercial AC segment
  • Full year expectation: Revenue growth broadly in line with industry growth

Electronics Division:

  • Revenue growth: 29% YoY
  • Operating EBITDA growth: 117% YoY
  • Bare PCB business witnessed margin compression due to steep rise in raw material costs (particularly Copper Clad Laminate)
  • Gradual price pass-through to customers underway
  • Value-oriented business strategy yielding dividends

Railway Sub-systems & Defense Division:

  • Revenue growth: 18% YoY
  • Operating EBITDA decline: 26% YoY
  • Margin impact due to product mix, commodity inflation (particularly copper), foreign currency fluctuation, and minimum wage revision in Haryana
  • Sidwal Greenfield Facility now operational
  • Yujin JV: New facility ready; product development underway; commercial production anticipated in H2FY27 post RDSO approval
  • FY27 Outlook: Expected to deliver 30-35% revenue growth