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Revenue
₹3,423 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 to ₹14,115 crore, driven by delayed large project conversions and robust base order growth of 27%. Full-year revenue grew 8% to ₹13,200 crore, with PAT at ₹1,669 crore and EPS of ₹78.78. The order backlog reached a record ₹10,471 crore, providing strong revenue visibility. Management highlighted broad-based demand across data centers, renewables, infrastructure, and core industries, with private capex recovery expected in CY2026. Margins faced headwinds from higher material costs (61% of sales vs 58% earlier) due to QCO-related imports and commodity inflation, but PBT margin remained healthy at 16.9%. Guidance points to double-digit revenue growth and PBT margins in the 12-15% range. Key risk: sustained forex volatility and commodity price increases could further pressure margins.
Colored figures show movement against the previous available record.
Guidance to track
- Management targets double-digit revenue growth for CY2026, supported by strong order backlog and improving market conditions.
- PBT margin expected to remain in the 12-15% range, with near-term headwinds from QCO-related material costs and forex.
- Higher material costs from strategic QCO-related imports will normalize over the next two quarters as inventory is consumed.
Risks flagged
- Rising copper and metal prices, along with forex fluctuations, could further pressure margins if not offset by pricing actions.
- Process automation orders have been delayed in prior quarters; while Q4 saw conversion, sustainability of momentum remains uncertain.
- Some customers may prefer Chinese equipment for large projects, though impact has been limited so far.
- Government has extended timelines for QCO phase 2 due to lab availability, creating uncertainty in compliance costs.
Key quotes
- We are very long on India and we stay very consistent with what we supply to these customers.
- The premium what we could normally get on account of demand situation is something which could not be possible in 2025.
- We are seeing megawatt capacities now and going towards gigawatt capacities as well in the future.
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