Shares of plunged 14 per cent in Friday's trade to hit a low of Rs 6,737.35 after the company reported a weak set of numbers for the July–September quarter (Q2) of FY26.

The air-conditioner and component manufacturer posted a net loss of Rs 32 crore, compared with a profit of Rs 21 crore in the same quarter last year. Revenue from operations declined 2.2 per cent to Rs 1,647 crore from Rs 1,684 crore in the year-ago period. The company’s operating EBITDA stood at Rs 98 crore, marking a 19 per cent decline year-on-year. Advertisement

Amber's Managing Director Daljit Singh attributed the muted performance to a slowdown in the room air conditioner (RAC) industry, which was hit by unfavourable weather conditions and a deferment of purchases between the announcement and implementation of a G

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