Slides
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Expanding Horizons. Shaping the Future. Amber Enterprises India Limited Q2 & H1 FY26 Result Presentation November 2025
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ambergroupindia.com Safe Harbor 2 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Amber Enterprises India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.
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Key Highlights
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ambergroupindia.com Q2 & H1 FY26 Consolidated Performance 4 1,685 1,647 Q2FY25 Q2FY26 REVENUE^ -2% 120 98 Q2FY25 Q2FY26 OPERATING EBITDA* 7.1% 5.9% -19% PAT## 21 (32) Q2FY25 Q2FY26 * Before impact of ESOP expense and other non-operating income and expenses ^ Does not include other income In ₹ Crore Q2FY26 # PAT is after considering the share of loss of joint ventures of ₹ 7.5 Cr and ₹ 14.4 Cr for Q2 & H1 of FY26 respectively 4,086 5,096 H1FY25 H1FY26 REVENUE^ 25% 320 361 H1FY25 H1FY26 OPERATING EBITDA* 7.8% 7.1% 13% PAT## -23% 96 74 H1FY25 H1FY26 H1FY26 The PAT during the period carried an impact of the higher financing cost owing to Power-One stake purchase & elevated inventory levels; and share of loss of JVs
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ambergroupindia.com 37 98 39 21 873 1,647 642 132 1 2 3 4 Consolidated Operating EBITDA & Revenue Build-up 5 Q2FY26 Consumer Durable Division^ Electronics Division^ Railway Sub- systems & Mobility Division^ Total Consumer Durables Division* Electronics Division* Railway Sub- systems & Mobility Division* Total * Before impact of ESOP expense and other non-operating income and expenses ^ Does not include other income In ₹ Crore 229 361 88 43 1 2 3 4 3,433 5,096 1,409 255 1 2 3 4 H1FY26 Consumer Durables Division* Electronics Division* Railway Sub- systems & Mobility Division* TotalConsumer Durable Division^ Electronics Division^ Railway Sub- systems & Mobility Division^ Total REVENUE^ OPERATING EBITDA*
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Consumer Durables Division
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ambergroupindia.com Consumer Durable Division 7 Division Overview ~70% BoM Catering Capability Business Verticals RAC Components 24 Facilities Diversified Business Streams across Finished Goods, Components & Sub-Assemblies FY25 FY18 72% 43% RAC (CBU) as a % of total revenue CBU stands for Completely Built Unit CAC
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ambergroupindia.com Consumer Durables Product Portfolio 8 IDU Injection Moulding Motor Sheet Metal Copper Tube Tools CFF ODU AC & Components Non-AC Components ▪ Split AC, Window AC, Inverter AC ▪ Cassette AC, Tower AC and Ductable ▪ Refrigerators ▪ Washing Machine ▪ Microwave ▪ Water Purifiers ▪ Automobile ▪ Energy Meters ▪ Set Top Boxes, etc. Target Segments Products Diversification into Various Applications FG Commercial AC Window AC Heat Exchanger Components FY21 FY22 FY23 FY24 FY20 FY25 FY26
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ambergroupindia.com Consumer Durables Division Performance 9 REVENUE COMMENTS * Before impact of ESOP expense and other non-operating income and expenses Note: Revenue & Operating EBITDA are not comparable with published segment results ▪ Division performance impacted due to the challenging season for RAC industry, impacted by non-conducive weather and deferment of purchase in-between announcement & implementation of GST reduction ▪ Revenue grew by 15% YoY and Operating EBITDA grew by 8% YoY in H1FY26 ▪ GST cut on RACs from 28% to 18% to drive industry growth; And inventory levels are expected to normalize by Q4 ▪ Strengthening of Light Commercial AC vertical with enhanced product portfolio & customer addition during H1 FY26 ▪ Remain optimistic that the division will outperform the industry by 13-15% for the year, driven by strong product portfolio, deepening relationships and expansion in the component business In ₹ Crore OPERATING EBITDA* Q2FY26 405 547 1,069 873 Q2FY23 Q2FY24 Q2FY25 Q2FY26 -18% 18 21 62 37 Q2FY23 Q2FY24 Q2FY25 Q2FY26 4.5% 3.8% 5.8% 4.3% -40% REVENUE OPERATING EBITDA* H1FY26 1,928 1,878 2,987 3,433 H1FY23 H1FY24 H1FY25 H1FY26 114 127 211 229 H1FY23 H1FY24 H1FY25 H1FY26 5.9% 6.8% 7.1% 6.7%15% 8%
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Electronics Division
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ambergroupindia.com Electronics Division 11 PCB-A & Box Build Bare PCB Division Overview PCB-A stands for PCB Assembly Business Verticals 06 Facilities 01 Expansion at Hosur
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ambergroupindia.com Electronics Division: Expansion 12 • Ascent-K Circuit: JV between ILJIN and Korea Circuit for HDI, Flex and Semiconductor Substrates PCBs • LoI received for 16 acres land in Jewar, Uttar Pradesh; Awaiting approval from U.P State cabinet (Approval expected by Dec’25) • Awaiting decision on ECMS application with planned investment of ~₹3,200 Cr over the scheme tenure Ascent-K Circuit Facility Expansion – Jewar, U.P • Construction progressing well for new multi-layer PCB facility at Hosur • The construction commencement was graced by presence Hon’ble Chief Minister of Tamil Nadu • ECMS approval received for • Multi-layer PCBs application • Planned investment of ₹ 991 Cr over the scheme tenure • Trial production expected to commence by Q2FY27 Ascent Circuits Facility Expansion – Hosur, T.N PCB-Assembly Expansion • Pune Facility Expansion: • Construction progressing well for a facility expansion in Pune
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ambergroupindia.com Electronics Division: Revenue Mix 13 15% FY20 PCB-A and Bare PCB Diversified Customer Segments PCB-A & Box Build (including Power-One#) Bare PCB Revenue Split H1FY26 Automobile Hearable/ Wearable Others Consumer Durable IT & Telecom Industrial Others Consumer Durable FY25 *Revenue segmental details are for Electronic Division including ILJIN Electronics, EVER Electronics & Ascent Circuits; and prior to elimination for sales within group # Power-One financials consolidated since 05th Aug’25, 85% Diversified Revenue* Diversified customer base with rich mix of segment PCB-A growth coupled with Ascent and Korea Circuit expansion to further enhance customer mix
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ambergroupindia.com Electronics Product Portfolio 14 Product Portfolio Expansion Product Portfolio for PCBA’s and Bare PCBs FY20 FY21 FY22 FY23 FY25 FY24 Target Segments Consumer Durables Automobile Defence & Aerospace IT & Telecom Smart Watches Industrials (Including Energy) Industrials (Power-One) FY26
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ambergroupindia.com REVENUE Electronics Division Performance 15 COMMENTS * Before impact of ESOP expense and other non-operating income and expensesNote: Revenue & Operating EBITDA are not comparable with published segment results In ₹ Crore 241 248 492 642 Q2FY23 Q2FY24 Q2FY25 Q2FY26 OPERATING EBITDA* Q2FY26 3.5% 5.2% 7.6% 6.1% 8 13 37 39 Q2FY23 Q2FY24 Q2FY25 Q2FY26 ▪ Strong division growth: ▪ Revenue grew by 60% YoY and Operating EBITDA grew by 30% YoY in H1FY26 ▪ PCB vertical margins got impacted by the higher raw material prices, customer pass- through expected from Q4 ▪ Power-One set to strengthen Electronic Division journey of strategically building margin accretive value play in Industrial application ▪ ILJIN Electronics completed stake purchase of 40.2% in Unitronics on 09th Oct’25 (through wholly owned foreign subsidiary) ▪ Operating EBITDA margins expected to reach double digit by FY27 driven by growth momentum and strategic action 30% 5% REVENUE OPERATING EBITDA* H1FY26 OPERATING EBITDA* 3.8% 4.7% 7.7% 6.3% 449 515 880 1,409 H1FY23 H1FY24 H1FY25 H1FY26 17 24 68 88 H1FY23 H1FY24 H1FY25 H1FY26 60% 30%
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ambergroupindia.com Power-One Micro Systems 16 ILJIN Electronics acquired majority stake in Power-One Microsystem Pvt Ltd Solar Inverters (On-grid, Off-grid, and Hybrid) UPS Systems EV chargers (AC & DC) Battery Energy Storage Systems Products Synergies ➢ Expansion into high potential and rapidly growing sector ➢ Catalyse the growth leveraging into group’s strength ➢ Enable backward integration leveraging decades old electronic manufacturing experience Transaction Details Stake % 60% Stake Purchased on 05th Aug 2025
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Railway Sub-systems & Defense Division
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ambergroupindia.com Railway Sub-systems & Defense Division 18 Division Overview Collaborations and Product Expansion PantographCoupler GangwaysDoors Technology Transfer (ToT) Greenfield Expansion JV with Yujin Machinery New Facility Expansion Driving Gears Brakes • Wallet share further enhanced by addition of brakes into Yujin Machinery JV product line-up • Sidwal greenfield facility is expected to commence trial operations from Q3FY26 and commercial production from Q4FY26 • Yujin JV: New JV facility is ready; Product development and design is underway, and commercial production is expected to commence from H1FY27 01 Facility 02 Expansion of New Facilities ₹ 2,600+ Cr Order Book Visibility
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ambergroupindia.com Pantograph Driving Gears Railway Sub-systems & Defense Product Portfolio 19 Diversification of Product Portfolio HVAC (Railway, Metro) Defence (HVAC) FY20 Data Centre (HVAC) Gangways Doors Pantry Bus HVAC FY22 FY23 Brakes Coupler Micro-Processor Controller Target Segments Railways & Metro Beyond Railways FY21 FY24 FY25 FY26
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ambergroupindia.com Railway Sub-systems & Defense Division Performance 20 REVENUE COMMENTS * Before impact of ESOP expense and other non-operating income and expensesNote: Revenue & Operating EBITDA are not comparable with published segment results In ₹ Crore OPERATING EBITDA* Q2FY26 24.0% 23.5% 17.0% 16.2% ▪ Division witnessed good growth driven by Metro in particular ▪ Revenue grew by 17% YoY and Operating EBITDA grew by 5% YoY in H1FY26 ▪ Remain optimistic of doubling the division's revenue over the next two financial years ▪ Defense projects gaining robust traction 105 132 124 132 Q2FY23 Q2FY24 Q2FY25 Q2FY26 25 31 21 21 Q2FY23 Q2FY24 Q2FY25 Q2FY26 7% 2% REVENUE OPERATING EBITDA* H1FY26 OPERATING EBITDA* 25.5% 22.0% 18.9% 17.0% 51 52 41 43 H1FY23 H1FY24 H1FY25 H1FY26 200 235 219 255 H1FY23 H1FY24 H1FY25 H1FY26 17% 5%
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Consolidated Financial Performance
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ambergroupindia.com Consolidated Profit & Loss Statement 22 Particulars (₹ in Crs.) Q2FY26 Q2FY25 YoY H1FY26 H1FY25 YoY Revenue from Operations 1,647 1,685 (2%) 5,096 4,086 25% Raw Material Consumption (RMC) 1,309 1,346 4,217 3,320 Gross Profit 338 339 0% 879 766 15% Gross Margins (%) 20.5% 20.1% 17.3% 18.7% Employee Expenses (excluding ESOP expenses) 90 75 179 149 Other Expenses (excluding MTM loss on forward contracts, Loss on sale of FA and FA written off) 150 144 340 297 Total Expenses (including RMC) 1,549 1,565 4,735 3,765 Operating EBITDA 98 120 (19%) 361 320 13% Operating EBIDTA Margins (%) 5.9% 7.1% 7.1% 7.8% Depreciation & Amortization 70 57 132 112 ESOP expenses 1 2 2 5 Other Income (Including forex gain, adjustment of forex loss, loss on sale of FA and FA written off) 10 13 34 33 EBIT 37 75 (51%) 261 237 10% Finance Cost 77 49 140 100 Profit before tax and share of profit/(loss) from JV (40) 26 - 121 136 (11%) Share of (loss) of JV 8 -3 14 (8) PBT (48) 24 - 107 128 (17%) Tax (16) 3 33 32 PAT (32) 21 - 74 96 (23%) PAT Margins (%) (2.0%) 1.2% 1.4% 2.3%
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ambergroupindia.com Consolidated Balance Sheet 23 Particulars (₹ in Crs.) Sep-25 Mar-25 Non-Current Assets 4,749 3,780 Property, plant and equipment (including Right-of-use assets) 2,451 2,268 Investment property 15 16 Capital work-in-progress 214 115 Goodwill 626 361 Other intangible assets 472 395 Intangible assets under development 113 83 Financial assets (i) Investments 110 119 (ii) Loans 50 33 (iii) Other financial assets 395 231 Non-current tax assets (net) 45 18 Deferred tax assets (net) 3 2 Other non-current assets 254 141 Current Assets 4,395 4,648 Inventories 1,769 1,655 Financial assets (i) Investments 122 117 (ii) Trade receivables 1,121 1,750 (iii) Cash and cash equivalents 454 213 (iv) Bank balances other than (ii) above 395 514 (v) Loans 4 3 (vi) Other financial assets 392 251 Other current assets 138 145 Assets classified as held for sale 0 0 Total Assets 9,144 8,428 Particulars (₹ in Crs.) Sep-25 Mar-25 Equity 3,761 2,310 Equity share capital 35 34 Other equity 3,612 2,252 Non controlling interest 114 25 Non-Current Liabilities 1,792 1,561 Financial liabilities (i) Borrowings 900 959 (ii) Lease liabilities 194 97 (iii) Other financial liabilities 459 303 Provisions 34 23 Deferred tax liabilities (net) 202 177 Other non-current liabilities (including Government grants) 2 3 Current liabilities 3,591 4,556 Financial liabilities (i) Borrowings 1,659 981 (ii) Trade payables 1,170 3,170 (iii) Lease liabilities 41 22 (iv) Other financial liabilities 635 222 Other current liabilities (including Government grants) 72 144 Provisions 10 10 Current tax liabilities (net) 4 8 Total Equity & Liabilities 9,144 8,428
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ambergroupindia.com Consolidated Cash Flow 24 Particulars (₹ in Crs.) H1FY26 H1FY25 Operating profit before working capital changes 332 305 Changes in working capital (1,070) (465) Cash generated from operations (738) (161) Direct taxes paid (net of refund) (34) (37) Net Cash from Operating Activities (A) (772) (197) Net Cash from Investing Activities (B) (832) (271) Net Cash from Financing Activities (C) 1,845 423 Net Change in cash and cash equivalents 241 (45)
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sudhirgoyal@ambergroupindia.com rahul.agarwal@sgapl.net karan.thakker@sgapl.net www.sgapl.net Company : Investor Relations Advisors : CIN: L28910PB1990PLC010265 Mr. Sudhir Goyal sudhirgoyal@ambergroupindia.com www.ambergroupindia.com CIN: U74140MH2010PTC204285 Mr. Rahul Agarwal / Mr. Karan Thakker rahul.agarwal@sgapl.net / karan.thakker@sgapl.net +91 98214 38864 / +91 81699 62562 www.sgapl.net © Amber Enterprises India Ltd. All Rights Reserved. Contact Us