Amber Enterprises soars 9% on robust Q3 earnings; zooms 47% in January

The company's operating Ebitda more than doubled at Rs 52 crore in Q3, compared to Rs 26 crore logged in the same quarter last year.

Shares of Amber Enterprises India soared 9 per cent to Rs 1,639 on the BSE on Friday after the company showcased a robust performance in the December quarter (Q3FY20) with operating earnings before interest, tax, depreciation and amortization (Ebitda) more than doubling at Rs 52 crore. It had clocked an operating Ebitda of Rs 26 crore in the same quarter last year.

Operating ebitda margin improved 158 basis points to 6.6 per cent in Q3FY20 from 5.02 per cent in Q3FY19.

As per the company's financial statements, its revenue during the quarter under review grew 52 per cent year on year (YoY)