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Revenue
₹2,940 Cr
verified against source
Revenue YoY
6%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
ABB India reported a mixed Q1 FY26. Orders surged 25% YoY to a strong level, driven by data centers and railways, with order backlog reaching INR 11,000 crore. However, revenue grew only 6% YoY to INR 3,184 crore, impacted by last-minute West Asia crisis disruptions. Profitability was squeezed by higher material costs (commodity inflation, rupee depreciation) and competitive intensity, with electrification margins falling from 21.4% to 13.2%. Management highlighted robust demand across core and emerging sectors but noted near-term headwinds from global uncertainty. Guidance remains qualitative: they expect volume growth to offset cost pressures but flagged that pricing power is limited. Key risk: sustained commodity inflation and forex volatility could further compress margins if price hikes lag.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects higher revenue volume from the strong order backlog to mitigate the impact of forex and commodity volatility on margins.
- Two price increases have been implemented to pass on commodity cost inflation, though there is a lag before full impact.
- Planned investment to expand manufacturing and R&D facilities, including for new localized products and export mandates.
Risks flagged
- Last-minute disruptions in March due to West Asia tensions impacted revenue and profitability, with potential for further lag effects.
- Rising copper, silver, aluminum prices and rupee depreciation increased material costs by ~3.7%, compressing margins.
- Increased competition from Japanese, Korean, and Chinese players in certain segments is limiting pricing power.
- Private CapEx decision-making has slowed, impacting order intake in process automation, though pipeline remains strong.
Key quotes
- We had a 25% order growth, 6% revenue growth, and we continue to have a good cash position within the company.
- 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 had quite a good experience during COVID period, wherein a lot of supply chain disruptions came and we had to pass on some costs to the market and which we did.
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