ABB India Q1 Results: Profit Up 3%, Misses Estimates
Total orders were at Rs 3,751 crore for Q1, led by base orders and complemented by large ones.
ABB India Ltd.'s net profit rose 3.3% in the quarter ended March, according to the financial results declared by the company on Friday.
Revenues were relatively flat with higher volumes across business segments but offset by the shortfall in process automation, which saw a 19% downtick in revenue this quarter.
The net profit in the first quarter of the calendar year — the company follows the January–December fiscal cycle — came in at Rs 474.6 crore, as opposed to Rs 459.3 crore in the year-ago period. The bottom line missed analysts' estimates compiled by Bloomberg.
ABB Q1 CY25 Highlights (YoY)
Revenue rose 2.6% to Rs 3,159.6 crore versus Rs 3,080.36 crore (estimate: Rs 3,428 crore).
Ebitda up 3% to Rs 582.27 crore versus Rs 565.18 crore (estimate: Rs 621 crore).
Margin at 18.4% versus 18.3% (Estimate: 18.1%)
Net profit up 3.3% to Rs 474.6 crore versus Rs 459.3 crore. (Estimate: Rs 520 crore)
Total orders were at Rs 3,751 crore for Q1, reporting a 4% YoY increase with growth led by base orders, which saw a 10% growth this quarter.
Meanwhile, the order backlog increased by 11.4% year-over-year, reaching Rs 9,958 crore compared to Rs 8,935 crore from the previous year.
The company reported a decline in order inflows in segments like Electrification and Process Automation. Key orders included power electronics sets from the traction division for railways and other power distribution technology for a major data centre.
Shares of ABB India closed 3.22% higher at Rs 5,443.45 apiece on the BSE before the results were announced, compared to a 1.1% fall in the benchmark Sensex.
