Amber Enterprises, a prominent manufacturer of Room Air Conditioners (RACs), experienced a significant increase in revenue of 82% in Q2 FY25. This growth was driven by higher realizations and the addition of new customers.
The company is expanding its operations by forming a joint venture with Korea Circuit to produce advanced printed circuit boards (PCBs) and making progress in component manufacturing. While the consumer durables and electronics sectors performed well, the outlook for the railways and subsystem segments in FY25 is not as positive.
The stock is currently trading at a valuation of 72 times FY26 earnings, indicating cautious market sentiment due to protectionist measures affecting the tyre industry and the overall economic landscape.