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Revenue
₹30,80,36,00,000 Cr
verified against source
Revenue YoY
—
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 delivered a strong Q4 2024 with revenue up 22% YoY and PAT up 54% YoY, driven by robust execution across all 18 divisions. The order backlog grew 12% YoY to INR 9,400 crore, providing good visibility. Management highlighted premiumization, data centers, and emerging segments as key growth drivers. Guidance suggests PAT margin corridor of 12%-15% going forward, with cash deployment focused on organic expansion, dividends (up 51%), and potential M&A. Risks include transient slowdown in private CapEx and potential Chinese competition in select subsegments.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects PAT margins to settle in the 12%-15% range as pricing normalizes and market conditions stabilize.
- Approximately 65%-70% of the INR 9,400 crore backlog is expected to be executed in the coming year, with the remainder in 2026.
- Board approved a final dividend 51% higher year-on-year, reflecting strong cash generation and shareholder return policy.
Risks flagged
- Order growth moderated due to delayed decision-making in private capital expenditure, which could persist if economic uncertainty continues.
- Analyst raised concern about Chinese competition; management acknowledged isolated incidents in large projects where Chinese players offered aggressive pricing.
- Current high margins benefited from past price push and low commodity costs; as markets ease, margins may compress to the guided 12%-15% PAT range.
Key quotes
- This is the 75th year of ABB in India, and we never had it better.
- We are very long on India, and we'll go through all the cycles and continue to engage and expand in this country.
- I think a band of 12%-15% of that level is what we would like to look at.
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