Amber Enterprises – Jasbir Singh

Amber Enterprises – Jasbir Singh – 15-04-2018

  • Rationale of expanding in different products (currently 17% of revenues) like functional components of white goods is to utilize our capacities without doing any capex
  • Core focus will be Room AC and HVAC components which is 80% of revenues
  • Above expansion is just because our customers want more integrated solution – so that’s just increasing wallet share from existing customers
  • Last year capacity utilizations in AC was 50%, on seasonal basis we work at 60-65%
  • Demand for AC is robust, people are buying more of inverter AC
  • We have started exporting to 9 countries, though the volumes are less, but inquiries are picking up as china is getting expensive
  • Our principal customers have also started exporting
  • More utilization naturally leads to better margins (Current margins ~8.5%)

 

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