Shares of electrical solutions provider Amber Enterprises India surged 17.5% to reach INR 2,210 ($29.40) on Bombay Stock Exchange after it reported Q4 2023 net profit of INR 108 crore, up 82% YoY, and Q4 2023 revenue of INR 3,003 crore, a 38% YoY increase. Full-year FY23 capex was INR 698 crore, with revenue for the year up 65% YoY to INR 6,927 crore. CEO of Amber Enterprises Jasbir Singh said the company had "transformed from an RAC player to a diversified B2B solution provider since the IPO launch in 2018".