ABB India (500002) Q4 2025 earnings summary

Executive summary

• Achieved highest-ever annual orders at INR 14,115 crore, up 8% year-over-year, with a 16% CAGR since 2021 and strong order backlog and revenue growth across all business segments.

• Revenue for CY 2025 grew 8% to INR 13,203 crore, with a 17% five-year CAGR.

• Q4 2025 saw a 52% surge in orders and 27% growth in base business, marking the highest Q4 orders in five years.

• Profit after tax reached INR 1,669 crore; EPS at INR 78.78, with a final dividend of INR 29.59 per share.

• The Board approved the sale of the Robotics business, with a minimum valuation of INR 1,568.20 crore.

Financial highlights

• Q4 2025 revenues grew 6% to INR 3,557 crore; full-year revenue reached INR 13,203 crore, up 8% YoY.

• EBITDA margin at 15.5% for the year; Q4 at 15.4%; PAT margin at 12.6% for the year.

• Profit before tax for the year was INR 2,230 crore (16.9% margin), down 11% YoY.

• Cash and cash equivalents at year-end were INR 5,694 crore.

• Material costs increased to 61% of sales due to strategic import decisions and commodity price pressures.

Outlook and guidance

• Management expects continued positive demand, especially in emerging and core industries, supported by government CAPEX, PLI schemes, and infrastructure push.

• PAT margin corridor guided at 12%-15% for the coming quarters, with double-digit revenue growth targeted.

• QCO-related higher material costs expected to persist for two more quarters.

• India-Europe FTA expected to enhance export opportunities and supply chain resilience, but may increase competition in premium segments.

• The company is monitoring the implementation of new Labour Codes and will adjust accounting treatment as required.