Earnings Review
ABB India PAT up 56% on yr to INR 5.3 bln, beats view
This story was originally published at 21:07 IST on 17 February 2025
Register to read our real-time news.Informist, Monday, Feb. 17, 2025
By Narayana Krishna
HYDERABAD - Decent traction in order book execution across business segments helped Bengaluru-based capital goods company ABB India Ltd. to report a net profit of INR 5.28 billion for Oct-Dec, up 56% from a year ago. The company reported a 22% growth in revenue to INR 33.65 billion led by its electrification and motion segments. Sequentially, ABB India's net profit rose by 20% and revenue increased 16%.
The growth in net profit and revenue was better than in the last two quarters. The company's net profit and revenues exceeded the Street estimates. Analysts had expected ABB India's December quarter net profit at INR 4.57 billion and revenues at INR 31.52 billion.
The electrification business revenue rose to INR 15.03 billion during the quarter from INR 11.30 billion a year ago, in line with the analysts' estimates. The company's motion segment revenue for the quarter increased to INR 11.19 billion from INR 9.15 billion a year ago.
The total expenses of the company for the quarter rose 15% on year to INR 27.46 billion, while other expenses rose by 21% on year to INR 5.30 billion. The company's subcontracting expenses, a key metric in overall expenses, rose 34% on year to INR 1.02 billion.
ABB India reported a net profit of INR 18.72 billion in 2024 on revenue of INR 121.88 billion. The company board approved a final dividend of INR 33.50 per share.
The company management is scheduled to address an analyst call on Tuesday to detail its Oct-Dec performance.
The company's order backlog rose 12% on year to INR 93.8 billion as on Dec. 31, but fresh orders declined by 14% on year to INR 26.95 billion, the company said in a press release. The order book is providing a clear visibility on the future growth, the company said. The fall in fresh orders for the quarter was due to a higher base as the company booked a large order in the same period last year. ABB India said its large orders rose 20% on year.
On Monday, shares of ABB India ended at INR 5,241.90 on the National Stock Exchange, down 0.4% from its previous close. End
Edited by Saji George Titus
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