ABB India Management Guidance Tracker

Management expects continued mix of imported and localized content over next 6 months to meet QCO deadlines, pressuring margins.

Management reiterated the 12-15% PAT margin band as a directional target, but noted near-term headwinds from QCO and forex.

Management expects QCO-related margin headwinds to continue for another 3-4 quarters as certification processes remain slow.

PBT margin expected to remain in the 12-15% range, with near-term headwinds from QCO-related material costs and forex.

Management has taken two price increases across product lines to offset commodity and forex impacts, though a lag effect persists.

Management sees reasonable pipeline of large projects, expecting conversion in Q3/Q4 CY2025.

Management expects continued strong ordering from hyperscalers and renewable energy projects, with conversations already extending to 2027-28.

Management aims to maintain double-digit revenue growth trajectory, supported by base orders and backlog execution.

Management targets double-digit revenue growth for CY2026, supported by strong order backlog and improving market conditions.

ABB India is actively pursuing bolt-on acquisitions to complement existing portfolio and enter new segments.

Higher material costs from strategic QCO-related imports will normalize over the next two quarters as inventory is consumed.

ABB India announced $75 million investment to expand manufacturing and R&D, including smart products and service capabilities.