The Gurugram, Haryana-headquartered contract manufacturer, which currently commands a market capitalisation of about ₹25,270 crore as of market close on August 13, reported quarterly revenue growth of 20% year-on-year, short of the 27% growth estimated by analysts in a CNBC-TV18 poll.
Despite the revenue miss, the management’s aggressive electronics growth guidance and planned OPPO manufacturing ramp-up are likely to remain the key triggers investors watch in the coming quarters.
The company also disclosed that trial production for OPPO is slated to begin in the fourth quarter of FY27, with commercial production expected from the first quarter of FY28, providing another potential catalyst for future growth.
Looking ahead, Amber said it expects its consumer durables business to broadly mirror industry growth rates, while the electronics division remains its strongest growth engine.
| PBIT Margin | Q1 FY27 | Q1 FY26 |
| Consumer Durables | 7.6% | 7% |
| Electronics | 8.2% | 6.4% |
| Railway subsystems | 11.3% | 17.9% |
PBIT stands for profit before interest and taxes.
The stock fell sharply after the first quarter earnings, which came with a warning on profit margins. The margin from the consumer durables segment was 7.2%, and the electronics division clocked 10.8% three months earlier.
In the latest quarter ended June 2026, the bare PCB segment, which falls within the electronics business, witnessed margin pressure owing to a sharp rise in Copper Clad Laminate (CCL) costs. The company said price increases are being gradually passed on to customers, which could help ease profitability pressures going forward.
Profitability in the railway business was strained by an adverse product mix, commodity inflation, foreign currency fluctuations, and the impact of minimum wage revisions in Haryana, according to management.
On the bottom line, adjusted profit after tax rose 19% to ₹126 crore, compared with ₹106 crore in the corresponding period last year.
Reported earnings were impacted by exceptional items amounting to ₹123 crore. These included a ₹57 crore labour code-related impact, a ₹30 crore net impairment linked to Sidwal, and the remaining differential payment associated with IL JIN Electronics’ acquisition of an additional stake in Ascent Circuits.
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