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Revenue
₹3,010 Cr
verified against source
Revenue YoY
8%
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 strong Q4 CY2025 with orders surging 52% YoY, driven by a 27% base order growth and large project wins in data centers, transport, and automation. Full-year revenue grew 8% to INR 13,200 crore, with PAT at INR 1,669 crore and EPS of INR 78.78. The order backlog reached a record INR 10,471 crore, providing strong visibility. Management highlighted a revival in demand after a muted period, with positive momentum across emerging industries, infrastructure, and core sectors. Margins faced headwinds from higher material costs (QCO compliance, forex, commodity prices) and labor code impact, but PAT margin is expected to remain in the 12%-15% corridor. Guidance points to double-digit revenue growth aspirations, supported by private capex recovery, data center expansion, and the India-EU FTA. Key risks include global uncertainty, forex volatility, and competitive intensity from Chinese imports.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects PAT margin to remain in the 12-15% range, factoring in QCO-related material costs for the next two quarters.
- Management aims for double-digit revenue growth, contingent on order booking and execution in 2026.
- Government has extended timelines for QCO phase 2 due to lab availability, but QCO is not rolled back; ABB is compliant.
Risks flagged
- Global macroeconomic uncertainty and forex fluctuations could impact demand and margins.
- QCO compliance and rising copper/metal prices have pushed material costs to 61% of revenue, pressuring margins.
- Chinese competition in large projects remains a risk, though not yet materialized in recent quarters.
- Order conversions in process automation have been delayed historically, posing risk to order book growth.
Key quotes
- We had the highest ever orders at about INR 14,115 crore, which was 8% growth. If you look at CAGR growth, from 2021 onwards, it has been 16%.
- Our backlog is at its strongest at INR 10,471 crore, which has grown by 12%. If you look at the CAGR for last five years, is 41%.
- I think a trajectory in at the back level, we're talking of between 12%-15% still feels good, right? I think, I believe that, if we have volumes sitting in more than what we are doing today at 6%, 7%, probably that should give us an extra mileage to manage and do a margin accretion.
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