ABB / Q4-FY24 / claim-ledger

Audit the questions that mattered.

ABB India · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ4-FY24 · 2025-01-30Back to quarter ↗

Questions audited

Answered directly

55%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Renu Baid Pugalia · IIFL Capital Services Limited

partial

Concern about order backlog growth slowing to 12% and macro risks.

We think it's more transient in nature. I think we should observe as we grow in coming years and coming quarters, there'll be strong cycles of growth, and there'll be moderation before the next cycle of growth starts.

Renu Baid Pugalia · IIFL Capital Services Limited

evasive

Roadmap to increase export share from 10% and impact of US tariffs.

Export journey, we see net positive for India... we have seen already the evidence of it in some of our businesses wherein exports have grown sharply in the last few years, and that journey will continue.

Renu Baid Pugalia · IIFL Capital Services Limited

partial

Sustainability of 40%+ gross margins and competitive pressures.

I'm not going to be a fortune teller... a band of 12%-15% of that level is what we would like to look at, right? So that's the basically thing which we are, at this point of time, focusing on.

Sumit Kishore · Axis Capital

partial

Plans for cash of INR 54 billion (75% of net worth).

Firstly, we are distributing cash to our shareholders. So it is 51% higher dividend compared to previous year. Second port of call is that the cash is getting consumed in our organic expansion... We also have a pipeline for inorganic opportunities.

Sumit Kishore · Axis Capital

partial

Revenue exposure breakdown by end customer segments.

I would give you a collective number, not segment-wise number... our exposure directly to government customers or utility customers is absolutely very, very, very minor... indirect exposure to government-led investments would be around about 35%-40%.

Vishal Biraia · Bandhan AMC

partial

Which segments are doing well and which are not; order inflow growth target.

We can give you a bit of a granular outlook based on our business leaders. So by electrification, I can start with Kiran Dutt.

Mohit Kumar · ICICI Securities

direct

Will large order execution cause quarterly revenue skewness going forward?

The mix will keep changing from one quarter to the other... there is no particular trend that you can say. And typically, at my level, I don't look at quarter-to-quarter picture.

Mohit Chaturvedi · HSBC Mutual Funds

partial

Clarification on growth segments: order or revenue basis, and why growth rates changed.

These so-called high growth segments, they used to be small earlier, but now their size has grown. So relative spend is growing, but percentage gets normalized.

Amit Mahawar · UBS

partial

Sustainability of electrification order intake after sharp decline in Q4.

There's a sharp decline with respect to Q3 and Q4. I think already there has been a comment from Sridhar on this particular topic where we said that we did have a very large order which was in Q3 for a data center... the pipeline is quite large, and we believe it's going to really support us in future growth.

Aditya Mongia · Kotak Securities

direct

Risk from increased Chinese competition due to trade war.

We don't see a one-to-one high-intense competition on the MO portfolio yet. I think if our view changes, I think we'll let you know in future. On the electrification side... no. The intensity is not so high.

Sahil Aggarwal · Nomura

partial

Sustainability of margins and pricing trends on ground.

I think I have answered this question in my dialogues earlier questions as well... we would still be in a corridor of 12%-15% PAT as what I was mentioning.