The shares of this Micro-cap company which is one of India’s largest manufacturers of transformer core lamination hit 5 percent upper circuit after the announcement of Q2 business update.
At 10:17 a.m the shares of Amba Enterprises were trading at Rs. 88.18 a piece after it hit upper circuit in the day’s trade and the market capitalization of the company is 111.64 Cr.
As per the company’s filing, Amba Enterprises have announced their Q2(Quarter2) business update and it is as follows, the company’s revenue from operations grew 30.20 percent YOY from 49.32 Cr in Q2FY23 to 64.22 Cr in Q2FY24.
Amba Enterprises revenue decreased 0.63 percent from 219.52 Cr in FY22 to 218.13 Cr in FY23, accompanied by decreasing profits of 6.4 Cr to 4.73 Cr.
The company reported a return on equity (ROE) of 17.04 percent and return on capital employed (ROCE) of 20.78 percent, this indicates that the company is making good returns on its equity and capital employed.
Amba Enterprises Limited is one of India’s largest manufacturers of transformer core lamination, it provides a wide range of products like Silicon Steel Slit Coils, Cut to Size Transformer Laminations, Torroidal Cores, Motor Stamping and Die Casting Rotors.
Written by: Bharath K.S
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
