Amber Enterprises reports Q2 loss, shares drop 12%
after close1 source ↓written by the desknot a recommendation
- on 7 Oct
- 12%
- Revenue declined
- 2.2%
- ₹1,647 cr
- analyst expectations
- ₹1,841 cr
- across all segments
- 120 basis points
Shares of Amber Enterprises Ltd. fell 12% on 7 Oct 2023 after the company reported a net loss of ₹32.9 cr for Q2, down from a net profit of ₹19.2 cr a year earlier. Revenue declined 2.2% to ₹1,647 cr, missing analyst expectations of ₹1,841 cr. Margins contracted by 120 basis points across all segments, indicating ongoing pressure.
This disappointing performance may lead to increased selling pressure in the near term, impacting market sentiment.
Not investment advice. For informational purposes only.