Amber Enterprises - Jasbir Singh - 15-04-2018
- Rationale of expanding in different products (currently 17% of revenues) like functional components of white goods is to utilize our capacities without doing any capex
- Core focus will be Room AC and HVAC components which is 80% of revenues
- Above expansion is just because our customers want more integrated solution - so that's just increasing wallet share from existing customers
- Last year capacity utilizations in AC was 50%, on seasonal basis we work at 60-65%
- Demand for AC is robust, people are buying more of inverter AC
- We have started exporting to 9 countries, though the volumes are less, but inquiries are picking up as china is getting expensive
- Our principal customers have also started exporting
- More utilization naturally leads to better margins (Current margins ~8.5%)
Full Interview