ABB India (500002) Q1 24/25 earnings summary

Executive summary

• Orders grew 4% and revenues increased 3% year-over-year for Q1 2025, with profit after tax also up 3% on a comparable basis.

• Order backlog rose 11% to INR 9,958 crore, providing strong revenue visibility for the year.

• Exports surged 40% year-over-year, reflecting robust international demand.

• The company operates across four main business areas: electrification, motion, process automation, and robotics & discrete automation, serving 23 market segments.

• Unaudited financial results for the quarter ended March 31, 2025, were approved by the Board on May 9, 2025.

Financial highlights

• Total orders received rose to INR 3,751 crore (+4% YoY), with base orders at INR 3,545 crore and large orders at INR 206 crore.

• Revenue from operations for Q1 2025 was ₹3,159.56 crore, up from ₹3,080.36 crore year-over-year.

• Profit before tax margin maintained at 20%, with PAT at INR 474 crore (+3% YoY) and operational EBITA margin at 16.4%.

• Cash balance at quarter-end was INR 5,756 crore, reflecting strong collections and operational efficiency.

• Order backlog increased 11% YoY to INR 9,958 crore.

Outlook and guidance

• Management remains optimistic for reasonable growth rates, though acknowledges macroeconomic uncertainties and delayed project decisions.

• Double-digit growth in base orders is targeted, but actual performance will depend on market conditions and project execution.

• Service and export growth are expected to remain robust, with service income targeted to reach 15% of revenues.

• Anticipates improved rural demand, government fiscal spending, and premiumization to boost domestic consumption.

• The Board noted the announcement by the ultimate holding company to spin off its robotics division as a separate listed entity.