Amber Enterprises Q4FY26 Results: EBITDA up 15% YoY

Key takeaway from the quarter

Amber Enterprises reported higher revenue and profit in Q4FY26, supported by performance across its Consumer Durables, Electronics, and Railway Sub-systems and Defense divisions. Revenue rose 10% year-on-year (YoY) to ₹4,148 crore in the quarter. Operating EBITDA increased 15% YoY to ₹362 crore. Adjusted profit after tax (PAT) rose 27% YoY to ₹162 crore.

Q4FY26 headline numbers

The company’s Q4FY26 performance showed a faster rise in earnings than revenue. Operating EBITDA and adjusted PAT expanded at 15% and 27% YoY, respectively, indicating better operating leverage compared with topline growth. The quarter’s reported base figures for comparison were revenue of ₹3,754 crore, operating EBITDA of ₹314 crore, and adjusted PAT of ₹128 crore.

Full-year profitability: EBITDA and adjusted PAT up 22%

For the full year, operating EBITDA grew 22% YoY to ₹970 crore. Adjusted PAT also rose 22% YoY to ₹338 crore. The company attributed the profitability growth to strong performance across Consumer Durables, Electronics, and Railway-related businesses.

Division-wise performance in the latest period

The Consumer Durables Division reported revenue of ₹8,383 crore, up 14% YoY, while operating EBITDA rose 6% YoY to ₹593 crore. The Electronics Division delivered the fastest growth, with revenue rising 49% YoY to ₹3,268 crore and operating EBITDA surging 89% YoY to ₹287 crore. The Railway Sub-systems and Defense Division reported revenue of ₹535 crore, up 19% YoY, with operating EBITDA up 8% YoY to ₹90 crore.

FY25 base: ₹10,000 crore total income milestone

In FY25 (release dated May 19, 2025), Amber Enterprises reported that total income crossed the ₹10,000 crore milestone. Revenue from operations was ₹9,973 crore, up 48% YoY. Operating EBITDA was ₹796 crore, up 53% YoY, and PAT was ₹251 crore, up 80% YoY.

FY25 segment mix and what it signalled

FY25 segment data highlighted a sharp expansion in electronics at that time as well. The Consumer Durable Division reported revenue of ₹7,329 crore (up 46% YoY) and EBITDA of ₹562 crore (up 59% YoY). The Electronics Division reported revenue of ₹2,194 crore (up 77% YoY) and EBITDA of ₹151 crore (up 119% YoY). The Railway subsystem revenue was ₹450 crore, down 6% YoY, and the division reported an EBITDA margin of 18.6%.

Balance sheet and efficiency metrics disclosed for FY25

Amber reported return on capital employed (ROCE) of 19.5% for FY25, an improvement of 690 basis points over the previous year. Net working capital days were 9 days, improved from 13 days. Net debt stood at ₹780 crore in FY25, compared with ₹615 crore in the previous year. The company also disclosed joint venture losses of ₹10.4 crore, which impacted overall profitability.

How the market has reacted to results in past cycles

Earlier disclosures cited that Amber’s shares rose after its Q4 FY23 earnings exceeded expectations. In that period, shares rose 15.39% to close at ₹2,171.85, while the Nifty 50 declined 0.57%, and the stock rose as much as 18.42% intraday to ₹2,228.90. The same dataset also noted that the company’s share price had grown by about 1.9 times over five years, from about ₹1,150 in January 2018 to around ₹2,145 levels in May 2023.

Market impact: what the FY26 numbers imply

The Q4FY26 figures show that earnings growth outpaced revenue growth, with adjusted PAT rising 27% YoY versus revenue growth of 10% YoY. Division-wise performance also points to electronics as the key driver, with 49% revenue growth and 89% operating EBITDA growth in the segment. Consumer durables remained the largest reported division by revenue in the provided data and continued to grow at a double-digit rate. Railway-related revenue growth was positive in the latest period, contrasting with the decline noted in the FY25 railway subsystem revenue.

Why this update matters

Across the two periods provided (FY25 and the latest FY26 update), Amber’s disclosures indicate a continuing shift toward faster-growing electronics alongside the core consumer durables business. The FY25 metrics also flagged improving capital efficiency and working-capital discipline alongside rising net debt. For investors tracking operating performance, the latest quarterly data provides a clearer view of how margins and profitability are moving relative to revenue growth, particularly with electronics operating EBITDA rising sharply in the latest division-level numbers.

Conclusion

Amber Enterprises reported higher Q4FY26 revenue and a stronger rise in operating EBITDA and adjusted PAT, with electronics showing the strongest momentum among the divisions. The FY25 base also provides context on scale, ROCE improvement, and working-capital trends. Investors will watch how segment mix and profitability evolve in subsequent disclosures, especially as the company continues to report detailed division-wise performance.