Shares of Amber Enterprises India Limited were trading sharply lower on Monday, falling ₹1,255.50 or 14.81 per cent to ₹7,221 by 12.18 pm, after the company’s Q4FY26 and full-year results revealed a significant decline in reported net profit despite strong revenue growth.
The stock opened at ₹8,118, touched a high of ₹8,148.50, and slid to a low of ₹6,980 during the session. Traded volume stood at 16.48 lakh shares with a turnover of ₹1,212.99 crore, indicating heavy selling pressure. The stock is trading well below its 52-week high of ₹8,974 hit just eleven days ago on May 7.
The market reaction appears driven by the company’s reported PAT for FY26 falling 10 per cent year-on-year to ₹226 crore from ₹251 crore in FY25, weighed down by a ₹112 crore exceptional one-off impairment related to its investment in Shivalik and share of losses from a joint venture. On an adjusted basis — stripping out these one-off items — PAT grew 22 per cent to ₹338 crore.
Consolidated revenue crossed the ₹12,000 crore milestone, rising 22 per cent to ₹12,186 crore in FY26, while Operating EBITDA grew 22 per cent to ₹970 crore, with margins steady at 8 per cent. Net working capital days, however, jumped sharply from 9 days in March 2025 to 29 days in March 2026, which the company attributed to proactive inventory build-up amid geopolitical supply chain concerns — a detail that may have added to investor unease.
The company’s Electronics Division was a standout, posting 49 per cent revenue growth and 89 per cent EBITDA growth in FY26, and management guided for around 40 per cent revenue growth in FY27 for that division. The Railway Sub-systems & Defense division guided for 30–35 per cent revenue growth in FY27.
At current levels, the stock trades at a symbol P/E of 94.33, reflecting the premium the market has historically assigned to Amber’s growth trajectory.