Shares of Amber Enterprises plunge 13% after reporting a net loss of Rs 32 crore in the second quarter

Shares of consumer durables maker Amber Enterprises fell as much as 13% to the day’s low of Rs 6,825 on the NSE on Friday, November 7, after the company reported a net loss in the second quarter of FY26, compared to a net profit in the same period last year.The company posted a consolidated net loss of Rs 32 crore, against a net profit of Rs 21 crore in the corresponding quarter of the previous fiscal. Revenue from operations fell 2% to Rs 1,647 crore, compared to Rs 1,685 crore in Q2FY25.

Operating EBITDA fell 19% year-on-year to Rs 98 crore, the company said in a regulatory filing on Thursday, November 6.

For the first half of FY26, net profit stood at Rs 74 crore, down 23% from Rs 96 crore in H1FY25. However, operating revenue rose 25% to Rs 5,095 crore, compared to Rs 4,086 crore in the same period last year.

“The RAC sector was impacted by unfavorable weather and deferral of purchases between the announcement and implementation of the GST rate cut. Despite these challenges, we achieved flat revenues of Rs 1,647 crore and operating EBITDA of Rs 98 crore, reflecting a decline of 19% year-on-year, and post-tax loss of Rs 32 crore in Q2FY26,” said Daljit Singh, MD of the company.

“PAT was further impacted by higher financing costs due to Power-One share purchase, increased inventory levels and JV losses. Looking ahead, stocks are normalizing,” he added. Singh also welcomed the reduction in GST rate on RACs from 28% to 18%, saying this would boost sector growth by improving affordability, driving deeper penetration and supporting premiumisation. Around 9:30 am, the shares were trading at Rs 6,900, down 12% from the NSE’s previous close. The stock is down 10% this year.

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