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 reports consolidated net profit of Rs 11.77 crore in the September 2019 quarter
 ( Results - Announcements 13-Nov-19   15:06 )
  Amber Enterprises India consolidated net profit rises 22.60% in the March 2025 quarter
 ( Results - Announcements 19-May-25   07:37 )
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 ( Market Commentary - Mid-Session 24-Jan-25   13:40 )
  Amber Ent gains on reporting turnaround Q3 numbers in FY25
 ( Hot Pursuit - 24-Jan-25   12:13 )
  Amber Enterprises India Ltd leads gainers in 'A' group
 ( Hot Pursuit - 17-May-23   12:00 )
  Amber Enterprises India receives issuer rating from ICRA
 ( Corporate News - 22-Jun-21   18:25 )
  Voltas Ltd Slides 3.9%
 ( Hot Pursuit - 27-Jul-22   09:45 )
  Amber Enterprises India allots 22.47 equity shares under QIP issue
 ( Corporate News - 11-Sep-20   08:14 )
  Amber Enterprises India Ltd leads losers in 'A' group
 ( Hot Pursuit - 16-May-22   15:00 )
  Amber Enterprises India update on subsidiary
 ( Corporate News - 15-Jan-22   11:32 )
  Amber Enterprises India to convene AGM
 ( Corporate News - 24-Jul-19   17:31 )
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