Hot Pursuit     27-Dec-23
Amber Ent jumps after arm incorporates JV with Nexxbase Marketing
Amber Enterprises India rallied 3.05% to Rs 3,133.45 after the company’s material wholly owned subsidiary, IL JIN Electronics and Nexxbase Marketing has incorporated joint venture namely Stelltek Technologies.
Nexxbase Marketing is a Gurgaon based company engaged in the business of selling, distributing, marketing and advertising electronic products including smart watches, earphones, earbuds, headphones etc. under the leading brand Noise through offline and online modes.

The aforementioned companies has incorporated Stelltek Technologies to carry on the business of manufacturing, assembling and designing of wearables and other smart electronics products. Both the firm has shareholding in the ratio of 50:50 respectively.

Amber Enterprises India is a market leader in Indian room air conditioner (RAC) industry and air conditioning industry for mobility application such as railways, metros, buses, etc. The company has diversified portfolio which includes RACs, RAC components and air conditioning solutions for railways, metro's, defence, bus & commercial segment. The company has multiple manufacturing facilities across various states in India, strategically located close to customers enabling faster turnaround.

The company reported net loss of Rs 6.94 crore in Q2 FY24 as compared with Rs 2.98 crore in Q2 FY23. Revenue from operations jumped 23.54% YoY to Rs 927.06 crore in Q2 FY24.

Previous News
  Sensex, Nifty at new peak; consumer durables rises for 11th day
 ( Market Commentary - Mid-Session 08-Apr-24   12:32 )
  Amber Enterprises India consolidated net profit rises 238.29% in the June 2022 quarter
 ( Results - Announcements 10-Aug-22   08:17 )
  Shivaliks Mercantile acquires 34.59% stake in Titagarh Firema SpA
 ( Corporate News - 22-Feb-24   09:17 )
  Amber Enterprises India allots Equity Shares
 ( Corporate News - 12-Jul-24   12:51 )
  Amber Enterprises India consolidated net profit declines 24.17% in the March 2022 quarter
 ( Results - Announcements 14-May-22   08:06 )
  Amber Enterprises India to discuss results
 ( Corporate News - 18-Jul-23   11:01 )
  Volumes spurt at Ipca Laboratories Ltd counter
 ( Hot Pursuit - 23-Oct-23   11:00 )
  Amber Enterprises India consolidated net profit declines 4.72% in the March 2020 quarter
 ( Results - Announcements 01-Jun-20   08:25 )
  Amber Enterprises India schedules board meeting
 ( Corporate News - 30-Jul-21   11:10 )
  Amber Enterprises India receives issuer rating from ICRA
 ( Corporate News - 22-Jun-21   18:25 )
  Amber acquires majority stake in Amber Enterprises USA Inc.
 ( Corporate News - 13-Sep-21   16:53 )
Other Stories
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
  GRSE bags Rs 226-cr LoA from West Bengal Govt
  04-Oct-24   14:40
  Volumes soar at Avenue Supermarts Ltd counter
  04-Oct-24   14:30
  Real Estate stocks edge lower
  04-Oct-24   14:00
  Auto stocks edge lower
  04-Oct-24   14:00
  Utilties stocks edge lower
  04-Oct-24   14:00
  HDFC Bank Ltd down for fifth straight session
  04-Oct-24   13:35
  Power Grid Corporation of India Ltd down for fifth straight session
  04-Oct-24   13:35
Back Top