Risks
3 risks
Risk Intelligence
Margin compression from backlog normalization
View Risks →
ABB India Limited — Q1 FY24
ABB India delivered a strong Q1 CY2024 with revenue crossing INR 3,000 crore for the first time, growing 28% YoY, driven by robust execution of a record backlog.
bullish
high
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
ABB India delivered a strong Q1 CY2024 with revenue crossing INR 3,000 crore for the first time, growing 28% YoY, driven by robust execution of a record backlog. Orders grew 15% YoY to INR 3,607 crore, led by data center wins (INR 373 crore) and broad-based demand across electrification, motion, and process automation. PAT surged 87% YoY on operational leverage, favorable mix, and material cost tailwinds (material cost ratio fell below 60% for the first time). Management highlighted sustained momentum in data centers, railways, and industrial automation, with private capex still in early stages. However, margin sustainability is uncertain as high-priced backlog unwinds and commodity prices normalize. Key risk: potential margin compression as book-to-bill orders reflect current lower commodity prices.
एबीबी इंडिया ने साल 2024 की पहली तिमाही में शानदार प्रदर्शन किया। पहली बार कंपनी की कमाई 3,000 करोड़ रुपये से ज्यादा हुई, जो पिछले साल से 28% ज्यादा है। यह पुराने ऑर्डरों को पूरा करने की वजह से हुआ। नए ऑर्डर 15% बढ़कर 3,607 करोड़ रुपये हुए, जिसमें डेटा सेंटर (373 करोड़) और बिजली, मोटर व ऑटोमेशन की मांग शामिल है। मुनाफा 87% बढ़ा, क्योंकि कंपनी ने लागत कम रखी और कच्चे माल के दाम सस्ते मिले। प्रबंधन का कहना है कि डेटा सेंटर, रेलवे और औद्योगिक ऑटोमेशन में मांग बनी रहेगी। लेकिन सावधानी भी जरूरी है—पुराने महंगे ऑर्डर खत्म होने और कच्चे माल के दाम सामान्य होने पर मुनाफा कम हो सकता है।
Risks3 trackedTranscriptfull text
Research workspace
Focused Modules
Transcript
Full text
Call Transcript
Full transcript text is available on this route.
Read Transcript →Quarter Snapshot
Order Intake
INR 3,607 Cr
+15% YoY
Orders grew 15% YoY to INR 3,607 crore, driven by data center and infrastructure demand.
Order Backlog
INR 8,900+ Cr
+25% YoY
Backlog grew 25% to over INR 8,900 crore, providing strong revenue visibility.
Material Cost Ratio
59.8%
-420bps YoY
Material cost as % of revenue fell below 60% for the first time, aided by mix and localization.
Cash Position
INR 5,036 Cr
+INR 1,000 Cr YoY
Cash balance crossed INR 5,000 crore, reflecting strong cash generation and zero debt.
Fast read
Guidance and risk preview
Management aims to maintain PBIT margin at or above 12% for FY2024, with efforts to improve further.
As high-priced backlog is executed, new orders at current lower commodity prices may pressure margins.
View Risks →