ABB India (500002) Q2 25/26 earnings summary

Executive summary

• Orders surged 50% year-over-year for Q2 2026, with revenue up 21% and PAT up 8%, reflecting record performance and resilient profitability despite market volatility.

• Strong operational execution and broad-based demand across electrification, motion, and automation segments, with significant wins and robust backlog.

• Recognized for sustainability leadership, achieving an 85% reduction in Scope 1 and 2 GHG emissions and nearly 100% waste diversion from landfill.

• Interim/special dividend of INR 90 per share declared, including proceeds from the Robotics business divestment.

• A significant one-time profit of ₹1,658.48 crore was recorded from the sale of the Robotics business.

Financial highlights

• Orders for the half-year up 36% to INR 8,643 crore; Q2 revenue up 21% to INR 3,559 crore; H1 revenue up 13% to INR 6,743 crore.

• Operational EBITA rose 23% year-over-year to INR 461 crore; EBITA margin at 13.0%.

• Profit after tax up 8% year-over-year to INR 370 crore; PAT margin at 10.4%.

• Cash position strong at INR 7,243 crore as of Q2 2026.

• Material costs increased due to higher commodity prices and forex volatility.

Outlook and guidance

• Growth expected to be driven by megatrends in electrification, automation, and digitalization, with government capex and private consumption as key drivers.

• Short-term outlook cautious due to geopolitical uncertainty and subnormal monsoon.

• Projected ~10% CAGR in water and waste-water segment through 2030.