External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Thematic (Sector/Industry)

<div><div><div><div><ul><li>While the overall consumer durables demand during the quarter stood moderate, the seasonal products such as fans, coolers, and AC witnessed some demand uptick in Jan’23 and Feb’23 in the anticipation of a strong summer season.</li><li>However, in the season category, volumes of fans got impacted due to higher channel inventory built-up in Q3FY23 ahead of the implementation of the BEE norms.</li><li>Moreover, the unseasonal rains impacted the demand momentum during Mar’23 which affected the volumes of RACs and Coolers. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

While the overall consumer durables demand during the quarter stood moderate, the seasonal products such as fans, coolers, and AC witnessed some demand uptick in Jan’23 and Feb’23 in the anticipation of a strong summer season.However, in the season category, volumes of fans got impacted due to higher channel inventory built-up in Q3FY23 ahead of the implementation of the BEE norms.Moreover, the unseasonal rains impacted the demand momentum during Mar’23 which affected the volumes of RACs and Coolers. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Equity Bottom-Up

Amber Enterprises India / Equity Bottom-Up

<ul><li>RAC revenues improvement expected on strong summer season: Thoughthe RAC volumes were subdued during Oct’22 and Nov’22,Dec’22 witnessed a notable pick-up in demand ahead of the strong summer season expected in Q4FY23.</li><li>Strong growth in components aid revenue growth: The company’s revenues were driven by strong growth of components aiding new client acquisitions during the quarter and expansion into new geographies such as Sri City and Chennai.</li><li>Gradual margin improvement in the medium to long term:The EBITDA margins during the quarter were impacted due to product mix and expenses related to new manufacturing units.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

RAC revenues improvement expected on strong summer season: Thoughthe RAC volumes were subdued during Oct’22 and Nov’22,Dec’22 witnessed a notable pick-up in demand ahead of the strong summer season expected in Q4FY23.Strong growth in components aid revenue growth: The company’s revenues were driven by strong growth of components aiding new client acquisitions during the quarter and expansion into new geographies such as Sri City and Chennai.Gradual margin improvement in the medium to long term:The EBITDA margins during the quarter were impacted due to product mix and expenses related to new manufacturing units.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Amber Enterprises - Strong Growth In Components To Aid Revenue Growth

<ul><li>The demand moderated post the uptick in the festival season and associated discount incentives.</li><li>However, an uptick was seen in seasonal categories such as heaters as well as in the primary sales of Air Coolers due to channel stocking ahead of the upcoming season.</li><li>Demand for Fans was impacted due to BEE norms from Jan’23, with brands offering discounts to clear old inventory.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

The demand moderated post the uptick in the festival season and associated discount incentives.However, an uptick was seen in seasonal categories such as heaters as well as in the primary sales of Air Coolers due to channel stocking ahead of the upcoming season.Demand for Fans was impacted due to BEE norms from Jan’23, with brands offering discounts to clear old inventory.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Q3FY23 Preview - Tepid Sentiments Lead to Moderate Demand

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Amber is a leading solution provider for air conditioner OEM/ODM industry in India.</li><li>The company has a product portfolio including RACs, RAC components and other non AC components</li><li>Derives ~50% of its revenues from RACs and the rest from components and mobility applications.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Amber is a leading solution provider for air conditioner OEM/ODM industry in India.The company has a product portfolio including RACs, RAC components and other non AC componentsDerives ~50% of its revenues from RACs and the rest from components and mobility applications.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Amber Enterprises - Higher Operating Cost Drags EBITDA Margin…

<ul><li>Demand trends: The demand for Cables &amp; Wires has been healthy across residential, industrial, and infrastructure segments.</li><li>This coupled with an uptick in exports is expected to drive volume growth moving forward.</li><li>Meanwhile, the pricing is expected to remain moderate given softening of commodity prices, especially copper.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Demand trends: The demand for Cables &amp; Wires has been healthy across residential, industrial, and infrastructure segments.This coupled with an uptick in exports is expected to drive volume growth moving forward.Meanwhile, the pricing is expected to remain moderate given softening of commodity prices, especially copper.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Consumer Durables - Q2FY23 - Earnings Preview

India

Amber Enterprises India Limited manufactures heating and ventilation equipment. The Company offers refrigerators, heat exchangers, air conditioners, home appliances, vacuum forming, and lighting products. Amber Enterprises also produces auto parts, injection molding, and sheet metal components. Amber Enterprises serves clients in India.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Amber Enterprises India (AMBER IN)

Q4FY23 - Consumer Durables Preview

While the overall consumer durables demand during the quarter stood moderate, the seasonal products such as fans, coolers, and AC witnessed some...

Axis Direct

Amber Enterprises - Strong Growth In Components To Aid Revenue Growth

Thoughthe RAC volumes were subdued during Oct’22 and Nov’22,Dec’22 witnessed a notable pick-up in demand ahead of the strong summer season expected...

Axis Direct

Q3FY23 Preview - Tepid Sentiments Lead to Moderate Demand

The demand moderated post the uptick in the festival season and associated discount incentives. However, an uptick was seen in seasonal categories...

Axis Direct

Amber Enterprises - Higher Operating Cost Drags EBITDA Margin…

Amber is a leading solution provider for air conditioner OEM/ODM industry in India. The company has a product portfolio including RACs, RAC...

ICICI Securities Limited

Consumer Durables - Q2FY23 - Earnings Preview

Demand trends: The demand for Cables & Wires has been healthy across residential, industrial, and infrastructure segments.

Axis Direct

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)