Order Inflow (Q4 CY25)
₹14,115 Cr
+52% YoY
Strongest ever quarterly orders, driven by delayed large project conversions and broad-based base order growth.
ABBINDIA
Other
30 Jan 2025
ABB India Ltd — Q3 FY26
ABB India reported a strong Q4 CY2025 with orders surging 52% YoY to ₹14,115 crore, driven by delayed large project conversions and robust base order growth of 27%.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
ABB India reported a strong Q4 CY2025 with orders surging 52% YoY to ₹14,115 crore, driven by delayed large project conversions and robust base order growth of 27%. Full-year revenue grew 8% to ₹13,200 crore, with PAT at ₹1,669 crore and EPS of ₹78.78. The order backlog reached a record ₹10,471 crore, providing strong revenue visibility. Management highlighted broad-based demand across data centers, renewables, infrastructure, and core industries, with private capex recovery expected in CY2026. Margins faced headwinds from higher material costs (61% of sales vs 58% earlier) due to QCO-related imports and commodity inflation, but PBT margin remained healthy at 16.9%. Guidance points to double-digit revenue growth and PBT margins in the 12-15% range. Key risk: sustained forex volatility and commodity price increases could further pressure margins.
Key Numbers
Order Backlog
₹10,471 Cr
+12% YoY
Record backlog provides strong revenue visibility for coming quarters.
Base Order Growth (Q4 CY25)
27%
+27% YoY
Indicates healthy underlying demand from core and emerging segments.
Data Center Share in Backlog
~10-11%
flat
Data center exposure in backlog; management sees strong pipeline from hyperscalers and colos.
Management Guidance
Double-digit revenue growth target
Management targets double-digit revenue growth for CY2026, supported by strong order backlog and improving market conditions.
Management guidance revenuePBT margin corridor of 12-15%
PBT margin expected to remain in the 12-15% range, with near-term headwinds from QCO-related material costs and forex.
Management guidance marginsQCO imported stock to normalize in 2 quarters
Higher material costs from strategic QCO-related imports will normalize over the next two quarters as inventory is consumed.
Management guidance otherKey Risks
Forex and commodity price volatility
Rising copper and metal prices, along with forex fluctuations, could further pressure margins if not offset by pricing actions.
high · management_commentaryDelayed decision-making on large orders
Process automation orders have been delayed in prior quarters; while Q4 saw conversion, sustainability of momentum remains uncertain.
medium · analyst_questionChinese competition in large projects
Some customers may prefer Chinese equipment for large projects, though impact has been limited so far.
medium · management_commentaryQCO implementation timelines
Government has extended timelines for QCO phase 2 due to lab availability, creating uncertainty in compliance costs.
low · analyst_questionNotable Quotes
We are very long on India and we stay very consistent with what we supply to these customers.
The premium what we could normally get on account of demand situation is something which could not be possible in 2025.
We are seeing megawatt capacities now and going towards gigawatt capacities as well in the future.
Frequently Asked Questions
What was ABB India's revenue in Q3 FY26?
ABB India reported revenue of ₹3,423 Cr in Q3 FY26, representing a +8% change compared to the same quarter last year.
What guidance did ABB India management give for FY27?
Double-digit revenue growth target: Management targets double-digit revenue growth for CY2026, supported by strong order backlog and improving market conditions. PBT margin corridor of 12-15%: PBT margin expected to remain in the 12-15% range, with near-term headwinds from QCO-related material costs and forex. QCO imported stock to normalize in 2 quarters: Higher material costs from strategic QCO-related imports will normalize over the next two quarters as inventory is consumed.
What are the key risks for ABB India in FY27?
Key risks include Forex and commodity price volatility — Rising copper and metal prices, along with forex fluctuations, could further pressure margins if not offset by pricing actions.; Delayed decision-making on large orders — Process automation orders have been delayed in prior quarters; while Q4 saw conversion, sustainability of momentum remains uncertain.; Chinese competition in large projects — Some customers may prefer Chinese equipment for large projects, though impact has been limited so far.; QCO implementation timelines — Government has extended timelines for QCO phase 2 due to lab availability, creating uncertainty in compliance costs..
Did ABB India meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full ABB India Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.