ABB India (500002) Q4 23/24 earnings summary

Executive summary

• Achieved record revenue and profitability in Q4 and full year 2024, with double-digit growth and high operational efficiency across all business divisions.

• Engaged with over 5,000 customers in 30+ tier II & III markets, expanding portfolio and sustainability initiatives.

• Order backlog increased 12% year-over-year, providing strong revenue visibility.

• Focused on sustainability, reducing GHG emissions by 86% since 2019 and converting half of manufacturing plants to zero waste-to-landfill.

• Board recommended a final dividend of INR 33.50 per share, total dividend up 51% year-over-year.

Financial highlights

• Q4 revenue rose 22% year-over-year to INR 3,365 crore; full-year revenue at INR 12,188.31 crore, up 17%.

• Q4 PAT increased 54% year-over-year to INR 532 crore; full-year PAT up 50% to INR 1,871.64 crore.

• Earnings per share for the year stood at INR 88.32, up from INR 58.61.

• Cash balance at year-end stood at INR 5,390 crore.

• ROCE reached 26.5%, more than doubling since 2020.

Outlook and guidance

• Management expects continued growth, supported by a strong order backlog and positive project pipeline.

• Margin corridor for PAT expected to be maintained between 12%-15% as market conditions stabilize.

• Export share remains at 10%, with plans for further expansion.

• Monitoring global economic volatility, commodity prices, and currency fluctuations.