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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹3,184 Cr
verified against source
Revenue YoY
6%
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 Q1 CY26 revenue of ₹3,184 crore, up 6% YoY, missing internal targets due to last-minute West Asia crisis disruptions and supply chain issues. Order intake surged 25% YoY, driven by large orders from data centers and railways, pushing order backlog to ₹11,000 crore—a record high providing strong revenue visibility. However, profitability was hit by a 370bps increase in material costs from commodity inflation (copper, silver), rupee depreciation, and competitive pricing pressure. EBITDA margin contracted significantly, though exact figures were not disclosed. Management highlighted robust demand across core and emerging sectors, with data centers contributing 12-13% of backlog. They have taken two price hikes to mitigate input cost inflation, but the lag effect persists. Risks include continued volatility in commodity prices and forex, and potential slowdown in private capex decision-making. The strong order book supports a positive revenue outlook, but margin recovery hinges on stability in external factors.
Colored figures show movement against the previous available record.
Guidance to track
- Management has taken two price increases across product lines to offset commodity and forex impacts, though a lag effect persists.
- ABB India announced $75 million investment to expand manufacturing and R&D, including smart products and service capabilities.
- Management expects continued strong ordering from hyperscalers and renewable energy projects, with conversations already extending to 2027-28.
Risks flagged
- The West Asia crisis caused last-minute supply disruptions and stifled revenue uptake in Q1, impacting profitability.
- Rising copper, silver, and aluminium prices, along with rupee depreciation, have increased material costs by 370 bps YoY, with no immediate offset from price hikes.
- Automation division faces slower order conversion due to cautious private capex decisions, despite a strong opportunity pipeline.
- Increased competition from Japanese, Korean, and Chinese players in certain segments is limiting pricing power and contributing to margin compression.
Key quotes
- We had a 25% order growth, 6% revenue growth and we continue to have a good cash position.
- The good part and the more positive part of it which we are all looking forward to is the development in the orders and which is going to give a good runway for revenues in the coming quarters.
- We have escalation clauses and price variation clauses in all our long-term contracts, but they may come with a ceiling.
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