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Informist, Friday, May 9, 2025

 

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--ABB India Jan-Mar net profit INR 4.75 bln 
--Analysts saw ABB India Jan-Mar net profit INR 4.95 bln 
--ABB India Jan-Mar net profit INR 4.75 bln vs INR 4.59 bln year ago 
--ABB India Jan-Mar revenue INR 31.60 bln vs INR 30.80 bln year ago 
--ABB India Jan-Mar motion ops revenue INR 10.96 bln vs INR 10.13 bln yr ago 
--ABB India Jan-Mar electrification ops sales INR 13.58 bln vs INR 12.96 bln 
 

 

By Arya S. Biju

 

MUMBAI – ABB India Ltd. reported muted earnings for the March quarter, with its bottom line growing the slowest on-year in 18 quarters. The quarter also saw the lowest on-year growth in its top line since the December quarter of 2015, according to data available with Informist.

 

The Indian subsidiary of Swiss electrification and automation major ABB Ltd. reported a net profit of INR 4.75 billion for the March quarter, up over 3% on year but failed to meet analysts' expectation of INR 4.95 billion. Its revenue for the quarter rose 2.6% on year to INR 31.60 billion. Analysts had expected the company to report a revenue of INR 33.66 billion. Sequentially, ABB India's net profit fell over 10% and revenue was down more than 6%.

 

During the quarter, tailwinds from currency movement were offset by increase in fixed cost, ABB India said in a press release. The company's total expenditure during the quarter rose 2.6% on year to INR 26.16 billion, because of 2.7% on-year rise in raw material cost to INR 15.86 billion. Cost of materials consumed accounted for nearly 61% of the company's total expenditure in the reporting quarter. Its other expense rose 8% on year to INR 4.90 billion, while employee benefit expense rose nearly 11% on year to INR 2.45 billion. Its tax outgo for the quarter rose nearly 3% on year to INR 1.62 billion.

 
Revenue from the electrification business, ABB India's largest segment, rose nearly 5% on year to INR 13.58 billion. Its revenue from motion segment rose over 8% on year to INR 10.96 billion. However, the growth in these business segments was offset by 19% on-year decline revenue from its process automation segment to INR 5.86 billion. The company attributed this to lower systems and process industries revenue.

 

For the reporting quarter, the company reported operational earnings before interest, tax, and amortisation of INR 5.17 billion, up from INR 5.14 billion reported in the year-ago quarter.

 

The company got orders worth INR 37.51 billion in the March quarter, up nearly 4% on year. This included largely base orders and some large ones, ABB India said. Continued customer support and enhanced market activity from the December quarter led to the significant rise in orders in the March quarter, it said in the release. During the quarter, the company had one-time large orders for data centres and public sector energy and electricity companies. As of Mar. 31, the company had an executable order backlog of INR 99.58 billion, up from INR 89.35 billion in the previous quarter. 

 

On Friday, shares of ABB India closed at INR 5,440.50 on the National Stock Exchange, up nearly 3% from the previous day.  End

 

Edited by Ashish Shirke

 

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