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Informist, Monday, Nov. 9, 2026

 

By Devanshu Singla

 

NEW DELHI – ABB India Ltd. is expected to report a marginal growth in its net profit for the September quarter despite strong revenue growth, according to brokerages tracking the company. Revenue growth is likely to be driven by the strong order backlog in its electrification and motion businesses. However, near-term margin pressure is likely to weigh on profitability, brokerages said

 

The engineering company is expected to report a net profit of INR 4.22 billion in the September quarter, up 3% on year and up 14% on quarter, according to the average of estimates from 10 brokerages. The highest estimate for net profit is INR 5.18 billion from Antique Stock Broking Ltd. and the lowest is INR 3.93 billion from Elara Securities (India) Pvt. Ltd.

 

The company's net sales for the quarter are expected to be INR 37.57 billion, up 13% on year and 6% on quarter, according to the estimates. The highest estimate for revenue is INR 38.78 billion from JM Financial Institutional Securities Pvt. Ltd. and the lowest is INR 36.08 billion from Elara Securities.

 

The company's revenue growth is likely to be driven by its electrification segment, which is likely to expand 28-38% on year, while its motion segment is expected to grow at 12-13% on year, supported by price hikes and a massive INR 119 billion order book. However, the automation segment is likely to see weak execution on a flat order backlog, brokerages said. Nomura Equity Research expects the order inflows for ABB India to grow 33% on year, partly driven by a pickup in private capital expenditure.

 

ABB's earnings before interest, tax, depreciation, and amortisation are estimated at INR 5.15 billion, according to the average of estimates from nine brokerages. The highest estimate for EBITDA is INR 6.21 billion from Antique Stock Broking and the lowest is INR 4.78 billion from Elara Securities.

 

ABB India's EBITDA margins are expected to contract 150-199 basis points year on year due to lower gross margin and a higher base. However, brokerages expect the company's EBITDA margin to improve 56-110 bps sequentially as two rounds of price hikes and operating leverage offset commodity and foreign exchange headwinds. However, a record jump in copper prices is likely to keep the recovery gradual.

 

ABB India will announce its September quarter results on Friday. Investors will closely watch management commentary on the order inflow run rate and developments in the data centres, railways, and electrification segments.

 

Monday, the company's shares ended at INR 6,915 on the National Stock Exchange, up 0.8% from the previous close. The stock has fallen over 9% since the company announced its June quarter earnings.              

 

Of the 15 brokerage reports on the company available with Informist, eight have a 'sell' recommendation, with an average target price of INR 6,607. Three brokerages have a 'buy' recommendation with an average target price of INR 6,682, and four have a 'hold' recommendation with an average target price of INR 7,507.

 

The following are the Jul-Sept earnings estimates for ABB India from 10 brokerages in descending order of estimates for net profit, in INR billion:

 

Broking Firm	Net Sales	Net Profit	EBITDA
Antique Stock Broking Ltd.	38.11	5.18	6.21
Motilal Oswal Financial Services Ltd.	38.31	4.37	5.24
JM Financial Institutional Securities Pvt. Ltd.	38.78	4.30	5.35
Kotak Securities Ltd.	36.52	4.16	4.89
Prabhudas Lilladher Pvt. Ltd.	37.70	4.12	5.01
Nomura Equity Research	37.61	4.06	4.94
Equirus Securities Pvt. Ltd.	36.58	4.05	4.96
Nuvama Wealth Management Ltd.	38.00	4.01	5.00
360 ONE Capital Market Pvt. Ltd.	38.01	3.99	–
Elara Securities (India) Pvt. Ltd.	36.08	3.93	4.78
Average	37.57	4.22	5.15

 

End

 

Edited by Saji George Titus

 

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