Hot Pursuit     27-Dec-23
Amber Ent jumps after arm incorporates JV with Nexxbase Marketing
Amber Enterprises India rallied 3.05% to Rs 3,133.45 after the company’s material wholly owned subsidiary, IL JIN Electronics and Nexxbase Marketing has incorporated joint venture namely Stelltek Technologies.
Nexxbase Marketing is a Gurgaon based company engaged in the business of selling, distributing, marketing and advertising electronic products including smart watches, earphones, earbuds, headphones etc. under the leading brand Noise through offline and online modes.

The aforementioned companies has incorporated Stelltek Technologies to carry on the business of manufacturing, assembling and designing of wearables and other smart electronics products. Both the firm has shareholding in the ratio of 50:50 respectively.

Amber Enterprises India is a market leader in Indian room air conditioner (RAC) industry and air conditioning industry for mobility application such as railways, metros, buses, etc. The company has diversified portfolio which includes RACs, RAC components and air conditioning solutions for railways, metro's, defence, bus & commercial segment. The company has multiple manufacturing facilities across various states in India, strategically located close to customers enabling faster turnaround.

The company reported net loss of Rs 6.94 crore in Q2 FY24 as compared with Rs 2.98 crore in Q2 FY23. Revenue from operations jumped 23.54% YoY to Rs 927.06 crore in Q2 FY24.

Previous News
  Amber Enterprises India consolidated net profit declines 8.95% in the March 2024 quarter
 ( Results - Announcements 18-May-24   09:22 )
  Amber Enterprises India announces incorporation of step-down subsidiary
 ( Corporate News - 15-Mar-24   18:24 )
  Amber Enterprises India Limited: Ratings assigned for bank limits; reaffirmed and withdrawn for issuer rating
 ( Press Releases - 19-Aug-22   11:49 )
  Amber Enterprises India reports standalone net loss of Rs 5.67 crore in the September 2021 quarter
 ( Results - Announcements 30-Oct-21   16:49 )
  Amber Ent arm incorporates WOS railway components manufacturing
 ( Hot Pursuit - 16-Mar-24   17:05 )
  Amber Enterprises India to hold AGM
 ( Corporate News - 13-Aug-20   14:38 )
  Amber Enterprises India consolidated net profit declines 85.90% in the September 2020 quarter
 ( Results - Announcements 07-Nov-20   16:53 )
  Amber Enterprises India to announce Quarterly Result
 ( Corporate News - 31-Jul-20   11:50 )
  Amber Ent gains on reporting turnaround Q3 numbers in FY25
 ( Hot Pursuit - 24-Jan-25   12:13 )
  Nifty tad above 24,500; IT shares in demand
 ( Market Commentary - Mid-Session 23-Oct-24   10:34 )
  Amber Enterprises settles with decent premium on debut
 ( IPO Centre - IPO News 30-Jan-18   16:15 )
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