QCO compliance costs and margin pressure
QCO guidelines require imported content to meet delivery commitments, increasing costs and pressuring margins for next few quarters.
high · management_commentaryABB India Limited — Q1 FY26
ABB India reported a mixed Q2 CY2025 with revenue of ₹3,317.5 crore (+12% YoY), driven by strong execution and a record order backlog of ₹10,764 crore.
neutral
medium
Financial stats pending filing verification
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Chinese competition in process automation
Analyst raised concern about Chinese imports; management confirmed participation in heavy equipment segments with unrealistic pricing, leading to lost orders.
medium · analyst_questionForex volatility impact
Euro and CHF appreciated >10% in the quarter, causing ₹56.5 crore forex loss; management noted difficulty in passing on volatility to customers.
medium · management_commentaryDelayed private capex recovery
Large order decisions postponed due to global uncertainty; management expects recovery only by next year.
medium · management_commentary