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Revenue
₹27,57,49,00,000 Cr
verified against source
Revenue YoY
5%
reported change
EBITDA
Pending
latest reported figure
Source
nse xbrl
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
ABB India reported a solid Q3CY24 with order inflows up 11% YoY, driven by strong base orders and a pickup in large contracts from data centers, rail, and export segments. Revenue grew 5% YoY, constrained by the longer gestation of large orders, while PBT increased 22% YoY due to favorable revenue mix and operational efficiencies. The order backlog stands at ~₹10,000 crore, with 25% large orders and 75% base orders, providing visibility for the next 3-4 quarters. Management highlighted robust demand in data centers, renewables, and transportation, though LT motors faced pricing headwinds. Guidance remains positive but non-specific; risks include global uncertainty and project execution delays. The company continues to invest in capacity expansion and localization, with a strong cash position and improving margins.
Colored figures show movement against the previous available record.
Guidance to track
- The ₹10,000 crore backlog, comprising 75% base orders (3-12 month cycle) and 25% large orders (project-linked), will be executed over the next 3-4 quarters.
- Management expects to handle demand growth with incremental CapEx of ₹200-250 crore annually, leveraging existing land banks and productivity improvements.
- Data centers and renewable energy segments are expected to remain high-growth, with ABB's portfolio well-positioned to capture demand.
Risks flagged
- Management acknowledged global and local uncertainties that could impact demand, though they see no direct correlation with their diversified portfolio.
- LT motors faced pricing headwinds due to competition and muted demand in heavy industries like cement and steel, though erosion has stabilized.
- Large orders have longer gestation periods and are subject to customer-driven delays, as seen in the traction division's design change for railway orders.
- Process automation saw an order slip to the next quarter due to customer decision delays in oil and gas, though the pipeline remains strong.
Key quotes
- We have a good visibility of our good news for the next three to four quarters to come in because we've been executing a bit over time.
- The erosion almost has stopped. And we are very hopeful that with the new investment coming in, we will definitely have an upturn in the demand cycle of low-voltage motors as well.
- As long as there is movement of power from point A to point B, or people moving from point A to point B, or materials moving from point A to point B, for sure we are there for the business.
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