Amber Enterprises India has acquired an additional 20.22% equity stake in Ever Electronics from existing shareholder of EVER i.e. Hyun Chul Sim, on 24 May 2024.Consequent to the aforesaid acquisition, the shareholding of the Amber in EVER stands increased from 70% to 90.22%. Powered by Capital Market - Live News

Net profit of Amber Enterprises India declined 8.95% to Rs 94.67 crore in the quarter ended March 2024 as against Rs 103.98 crore during the previous quarter ended March 2023. Sales declined 6.57% to Rs 2805.46 crore in the quarter ended March 2024 as against Rs 3002.62 crore during the previous quarter ended March 2023.For the full year,net profit declined 15.47% to Rs 132.88 crore in the year ended March 2024 as against Rs 157.20 crore during the previous year ended March 2023. Sales declined 2.86% to Rs 6729.27 crore in the year ended March 2024 as against Rs 6927.10 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales2805.463002.62 -7 6729.276927.10 -3 OPM %7.836.78 -7.276.03 - PBDT189.29184.74 2 377.86358.77 5 PBT137.83145.90 -6 191.33219.65 -13 NP94.67103.98 -9 132.88157.20 -15 Powered by Capital Market - Live News

Amber Enterprises India will hold a meeting of the Board of Directors of the Company on 17 May 2024Powered by Capital Market - Live News

Amber Enterprises India has acquired 50% stake through primary investment in equity share capital of Resojet (JV company) - A part of LCGC Resolute Group, Hyderabad, on 04 May 2024, at a cost consideration of Rs. 35 crore. Pursuant to the said acquisition Resojet has become a Joint Venture Company of the Company i.e. Amber Enterprises India. Powered by Capital Market - Live News

Amber Enterprises India announced that definitive agreements have been executed on 5 April 2024 amongst - AT Railway Sub Systems [a wholly owned subsidiary of Sidwal Refrigeration Industries (Sidwal, a wholly owned material subsidiary of the company)] and Yujin Machinery, a South Korea Based Company & Sinkodia Pte. Ltd., a Singapore based company & Dujin International, a Hong Kong based company, for investment and formation of a new joint venture company in India, to carry on the business of manufacturing of all types of Driving Gears, Couplers, and Pantograph for various rolling stocks, including all types of wagons, trams, Vande Bharat trains, Indian Railways products, high speed and metro trains, regional rapid transit systems, etc, in India or such other places agreed between the parties. Powered by Capital Market - Live News