ABB India (500002) Q3 24/25 earnings summary

Executive summary

• Achieved 13% year-over-year base order growth and 14% revenue growth, with consolidated Q3 2025 revenue at ₹3,310.72 crore and net profit at ₹409.04 crore; profitability up 16% sequentially but down 7% year-over-year due to material cost and market mix impacts.

• Maintained a strong cash position near INR 4,991 crore and an order backlog of INR 9,895 crore, providing good revenue visibility.

• Continued portfolio expansion with new product introductions, including IE5 ultra-premium SynRM motors and digital solutions for gas distribution.

• Sustainability targets on track, with significant progress in GHG reduction, zero waste to landfill, and water positivity.

• Unaudited consolidated and standalone financial results for Q3 and nine months ended September 30, 2025, were approved by the Board, with no material misstatements identified by auditors.

Financial highlights

• Revenue rose 14% YoY to INR 3,311 crore; base orders up 13% YoY to INR 3,059 crore; Q3 2025 consolidated net profit at ₹409.04 crore.

• Order backlog at INR 9,895 crore, with 30% large orders and 70% smaller, fast-executing orders.

• EBITDA margin at 14.7%, down from 18.6% YoY; PAT margin at 12.4%, down from 15.1% YoY; PBT margin at 15.4% for the quarter.

• 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 market tentativeness and delayed CapEx decisions, but long-term growth anticipated as cycles recover.

• Double-digit revenue growth ambition maintained, with base orders expected to remain stable in the near term.

• QCO-related margin pressures expected to persist for 2–4 more quarters.

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

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