Amber Enterprises shares dip 18%: Here’s why the stock crashed despite reporting positive Q4 FY26 earnings

Amber Enterprises shares crashed 18% to their intraday low of ₹6,980 apiece on Monday, May 18, as the investors turned cautious after the firm’s fourth-quarter results followed by an earnings call.

The household appliances firm reported a consolidated net profit of ₹134 crore in the fourth quarter of the fiscal year (Q4 FY26), marking a growth of 16% from ₹116 crore in the same period last year.

The company's revenue from operations advanced 10% to ₹4,146 crore in the January to March period as compared to ₹3,754 crore in the year-ago period.

Amber Enterprises’ operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), increased 21% to ₹357 crore as against ₹295 crore in the corresponding period last year. Its EBITDA margin also expanded to 8.6%, in contrast to 7.8% in the year-ago period.

The company’s consumer durables segment reported a revenue of ₹8,383 crore in FY26, registering a 14% YoY growth, in line with the division’s guidance, despite a challenging RAC season during the year. Operating EBITDA for the segment grew by 6% annually during the same period.

However, margins in Q4 FY26 were impacted due to a surge in commodity prices and currency depreciation.

Here's what management said

“We delivered a strong financial performance, reflecting the resilience of the business despite the challenging RAC industry during the year,” said Daljit Singh, Managing Director of Amber Enterprises India.

Daljit Singh stated that as part of the company’s strategic expansion, it advanced the growth of its electronics division, enabling both vertical and horizontal expansion through strategic stake purchases.

He noted that the company acquired a stake in Shogini Technoarts, a manufacturer of bare printed circuit boards (PCBs), including single-sided, double-sided, multilayered, metal-clad, and flexible PCBs.

He further highlighted stake purchases in Power-One, a player in solar inverters, UPS systems, EV chargers, and battery energy storage systems (BESS), as well as in Unitronics, an Israel-based provider of programmable logic controllers (PLCs) and human-machine interface (HMI) solutions for industrial automation.

Other segments

Amber Enterprises’ electronics division continued its growth journey, recording a revenue growth of 49% in FY26 against the previous year. Together with recent acquisitions, i.e., Power-One, Unitronics, and Shogini, acquisitions accelerated the division’s journey towards balancing volume and value mix, the company said.

The railway sub-systems and defence division recorded a revenue growth of 19% in FY26 against the previous year. “We remain confident of the division’s long-term growth, driven by a healthy order book visibility of ₹2,600+ Cr and an expanding product portfolio. Overall, our focused strategic initiatives across divisions position us well to enter the next phase of the company’s growth,” Amber Enterprises said in a statement.

Amber Enterprises share price

At 12:25 PM, Amber Enterprises India shares were trading at ₹7.275 apiece on the National Stock Exchange, declining 14.17%.

Shares of the firm have slipped 9% over a month, while they have fallen over 1% in the past six months. From the beginning of the year, shares of Amber Enterprises India have soared nearly 13%.

The company has a market capitalisation of ₹25,581.88 crore.

Shares of the company had touched their one-year high of ₹8,974 apiece on May 7, 2026, while their 52-week low of ₹5,400.50 was hit on January 27, 2026.