New Delhi, Nov. 7 -- Amber Enterprises India came under significant selling pressure in Friday's trade, November 07, with the stock crashing 14% to hit a four-month low of Rs.6,736 apiece after the company's September quarter numbers missed Street estimates across all parameters.

The company reported a net loss of Rs.32 crore in Q2, compared with a net profit of Rs.21 crore in the same period last year. The decline was driven by weak performance in its core room air conditioner (RAC) segment, impacted by unseasonal rains and the deferment of purchases between the announcement and implementation of the GST rate reduction.

PAT was further impacted by higher financing costs owing to the Power-One stake purchase, elevated inventory levels, ...