Amber Enterprises up 7% on swinging to profit from loss YoY; revenue up 65%

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Amber Enterprises up 7% on swinging to profit from loss YoY; revenue up 65% - Business Standard

Quick Summary:

Amber Enterprises released its Q3 results on Thursday, after market hours, which showed that the company swung to a net profit of Rs 36 crore as compared to a loss of Rs 0.

However, the delay in Indian Railways offtake is more momentary and with no cancellations of orders."We remain optimistic for the strong growth trajectory of the division over long-term, backed by the order book and products expansion.

Around 10:12 AM, Amber Enterprises share price was up 1.7 per cent at Rs 6,892.05 per share on BSE.