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The company has entered a joint venture with Resojet for washing machines.
| Photo Credit:
GORODENKOFF
Amber Enterprises, once known only for manufacturing room air conditioners, has evolved into a ₹10,000 crore diversified manufacturing company with 30 facilities across nine States.
With the introduction of Production Linked Incentive schemes, Amber moved up the value chain and diversified into different businesses.
In FY25, with a staggering 48 per cent year-on-year growth, the company made history by crossing ₹10,000 crore in consolidated revenue for the first time since its inception in 1995.
Operating EBITDA jumped 53 per cent to ₹796 crore, while net profit was up 80 per cent to ₹251 crore. Amber’s market capitalisation hovers around ₹22,000 crore.
While RAC still contributes the largest revenue at ₹7,329 crore, the company today manufactures a suite of products — including refrigerators, washing machines and water purifiers — commanding a 27 per cent market share in RAC manufacturing.
The company has entered a joint venture with Resojet for washing machines.
The revenue from electronics manufacturing services was above the company’s guidance of 55 per cent and registered a 77 per cent revenue growth of ₹2,194 crore last fiscal.
The acquisition of IL JIN, strategic partnerships with Korea Circuit for advanced HDI and flex PCBs, and the soon-to-be-completed Hosur facility expansion reinforces the company’s interest in the semi-conductor business. Additionally, the recent ₹23,000 crore PLI scheme for electronics components manufacturing and the government’s anti-dumping duties on imported PCBs have provided the necessary tailwinds for Amber, said an analyst.
Despite temporary headwinds, the railway subsystems & defence division is poised for substantial growth with an order book of over ₹2,000 crore and the government allocating a record ₹2.65 lakh crore to the Railways in FY26.
However, revenue from this segment was down 6 per cent at ₹450 crore due to metro and Vande Bharat project delays.
Additionally, the upcoming Sidwal greenfield facility (Q3 FY26) and Yujin JV facility (Q1 FY26) will significantly expand capacity.
Moreover, Amber has secured orders from European and US rolling stock companies.
The company’s railways division caters doors, gangways and pantry systems for Vande Bharat coaches, which has increased its bill of materials share to about ₹75 lakh from the previous ₹25 lakh.
In consumer durables, Amber targets 75 per cent local value addition by FY28 through its PLI grant of ₹15 crore.
Published on June 2, 2025
This article first appeared on The Hindu Business Line
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