Order Growth
25%
+25% YoY
Order intake grew 25% year-on-year, driven by large orders from data centers and railways.
ABBINDIA
Other
24 Apr 2026
ABB India Ltd — Q4 FY26
ABB India reported Q1 CY26 revenue of ₹3,184 crore, up 6% YoY, missing internal targets due to last-minute West Asia crisis disruptions and supply chain issues.
✓ Verified against BSE filing
2-Min Summary
ABB India reported Q1 CY26 revenue of ₹3,184 crore, up 6% YoY, missing internal targets due to last-minute West Asia crisis disruptions and supply chain issues. Order intake surged 25% YoY, driven by large orders from data centers and railways, pushing order backlog to ₹11,000 crore—a record high providing strong revenue visibility. However, profitability was hit by a 370bps increase in material costs from commodity inflation (copper, silver), rupee depreciation, and competitive pricing pressure. EBITDA margin contracted significantly, though exact figures were not disclosed. Management highlighted robust demand across core and emerging sectors, with data centers contributing 12-13% of backlog. They have taken two price hikes to mitigate input cost inflation, but the lag effect persists. Risks include continued volatility in commodity prices and forex, and potential slowdown in private capex decision-making. The strong order book supports a positive revenue outlook, but margin recovery hinges on stability in external factors.
Key Numbers
Order Backlog
₹11,000 Cr
+25% YoY
Record order backlog of ₹11,000 crore provides strong revenue visibility for coming quarters.
Data Center Share of Backlog
12-13%
N/A
Data center orders constitute 12-13% of total backlog, varying with large order inflows.
Material Cost Impact
370 bps
+370 bps YoY
Material cost as a percentage of revenue increased by 370 bps YoY due to commodity inflation and forex.
Management Guidance
Price hikes implemented to mitigate input cost inflation
Management has taken two price increases across product lines to offset commodity and forex impacts, though a lag effect persists.
margins$75 million capex for capacity expansion
ABB India announced $75 million investment to expand manufacturing and R&D, including smart products and service capabilities.
capexStrong order pipeline for data centers and renewables
Management expects continued strong ordering from hyperscalers and renewable energy projects, with conversations already extending to 2027-28.
growthKey Risks
West Asia crisis disrupting supply chain and execution
The West Asia crisis caused last-minute supply disruptions and stifled revenue uptake in Q1, impacting profitability.
high · management_commentaryCommodity and forex volatility pressuring margins
Rising copper, silver, and aluminium prices, along with rupee depreciation, have increased material costs by 370 bps YoY, with no immediate offset from price hikes.
high · management_commentarySlow decision-making in private capex for automation
Automation division faces slower order conversion due to cautious private capex decisions, despite a strong opportunity pipeline.
medium · analyst_questionCompetition intensity pressuring pricing
Increased competition from Japanese, Korean, and Chinese players in certain segments is limiting pricing power and contributing to margin compression.
medium · analyst_questionNotable Quotes
We had a 25% order growth, 6% revenue growth and we continue to have a good cash position.
The good part and the more positive part of it which we are all looking forward to is the development in the orders and which is going to give a good runway for revenues in the coming quarters.
We have escalation clauses and price variation clauses in all our long-term contracts, but they may come with a ceiling.