- Shares of ABB India surged nearly 10% on July 16 during trading hours
- ABB's parent company reported strong quarterly earnings and India growth
- India order inflows rose 81% year-on-year in Q2 of calendar year 2026
Shares of ABB India jumped 10% during the trading hours on Thursday, July 16. The rally comes after the firm's parent ABB declared its quarterly earnings, while highlighting substantial growth in India order inflows.
ABB India shares advanced 9.99% intraday to Rs 7,924.5 apiece. The scrip was trading 8.77% higher by 11:24 am, while the benchmark Nifty 50 index was 0.31% up.
ABB said that its India order inflow grew 81% year on year in the second quarter of the calendar year 2026. Consensus analyst estimates for order inflow growth was 20% in to Rs 3,645 crore.
ABB's gross profit rose 13% on an year-onyear basis to $3,793 million second quarter. Income from operations jumped 8% to $1,585 million. The surge in income from operations was driven primarily by strong operational performance, partially offset by nearly $60 million increased expenses linked to forex and commodity derivatives, according to
Additional adverse impacts include certain non-operational items of approximately $100 million in provisions for unasserted legacy claims and remediations, as well as an expense of approximately $30 million related to fair value adjustment of an equity investment.
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