ABB India (500002) Q3 24/25 earnings summary

Executive summary

• Achieved 13% base order growth and 14% revenue growth year-over-year, with profitability up 16% sequentially but down 7% year-over-year due to material costs and market mix.

• Maintained strong cash position near INR 5,000 crore, supported by robust collections and an order backlog of INR 9,895 crore, providing revenue visibility.

• Continued portfolio expansion with new premium products, including IE5 Ultra Premium Efficiency LV Motors, and sustainability initiatives such as zero waste to landfill and water-positive targets.

• Unaudited consolidated and standalone financial results for Q3 and nine months ended September 30, 2025, were approved by the Board on November 6, 2025.

• Limited review reports from statutory auditors confirm compliance with Indian Accounting Standards and SEBI regulations, with no material misstatements identified.

Financial highlights

• Q3 2025 consolidated revenue from operations: ₹3,310.72 crore, up from ₹2,912.16 crore in Q3 2024; base orders up 13% YoY to INR 3,059 crore.

• Q3 2025 consolidated net profit: ₹409.04 crore, compared to ₹440.45 crore in Q3 2024; PAT margin at 12.4%, down from 15.1% YoY.

• Total orders declined 3% YoY due to timing of large orders; order backlog at INR 9,895 crore.

• Material costs increased to 62.3% of revenue, driven by higher imports and forex volatility.

• Basic and diluted EPS for Q3 2025: ₹19.31, compared to ₹20.79 in Q3 2024.

Outlook and guidance

• Expectation of continued moderate growth in base orders, with large order finalizations delayed due to macro and geopolitical uncertainties.

• Double-digit revenue growth ambition remains, but near-term growth likely to be moderate as CapEx cycles consolidate.

• QCO-related margin pressures expected to persist for 2–4 more quarters; recovery anticipated as certification bottlenecks ease.

• Board approved the incorporation of ABB Robotics India Private Limited to facilitate the planned spin-off of the Robotics & Discrete Automation segment.

• Domestic economic activity remains resilient amid global uncertainty, with tailwinds from private consumption and government capex.