Guidance ledger · Q1 FY27

Amber Enterprises India Ltd AMBER

3 revisions on record · 1 lowered · 1 raised — the strikethrough is what management used to say

directional guidance only · shifted across quarters

Holding view → · latest concall · The pulse

↑ raised Consolidated margin pressure guidance Q4 FY26 → Q1 FY27

~~50 to 100 bps headwind expected~~ → margins normalized at current levels if no further commodity/currency disruption

“we were earlier expecting 50 to 100 bps. But now we think that these margins are normalized at where we are in case there is no further disruption in the currency and commodity.”

↔ widened Net debt trajectory Q4 FY26 → Q1 FY27

~~INR700 to INR800 crores by FY27 year-end~~ → INR1,225 crores already as of June '26

“the net debt level as on 30th June is around INR1,225 crores. And last year, March '26, it was around INR510 crores.”

↓ lowered Railway division EBITDA margin - FY27 Q4 FY26 → Q1 FY27

~~16% to 17%~~ → 15% to 16%

“On the revenue front, 30% to 35% looks doable. And the margins in this financial year, we look at around in the range of 15% to 16% for this division.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.