BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
ABB India Ltd.'s Q3 CY20 revenue growth decline was limited to 8% (versus estimate 14% decline).
The company demonstrated strong cost-control measures, leading to flat Ebitda YoY (almost double our estimate) – a commendable effort, implying higher resilience to revenue decline.
The company has suggested that approximately 85% of the previous year's demand is back in the system.
However, order inflow declined 19% YoY, largely attributable to the electrification and industrial automation segments.
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