Shares of Amber Enterprises Ltd. declined 12% on Friday, October 7, after the company reported weak set of earnings, missing estimates on all fronts.

The company's revenue declined slightly and it slipped into a loss in the second quarter compared to a profit in the base quarter. Overall, its margins declined 120 basis points, and were under pressure in all three segments — consumer durables, electronics, railway sub-sytem & defence.

Amber Enterprises reported a net loss of ₹32.9 crore in the September quarter compared to a net profit of ₹19.2 crore in the year-ago period. A CNBC-TV18 poll of analysts had forecast a 9% growth.

Its revenue from operations declined 2.2% to ₹1,647 crore from ₹1,684 crore in the second quarter last fiscal. The Street had estimated the revenue to be at 1,

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