Conference Call with ABB India Management and Analysts on Q4CY24 Performance and Outlook. Listen to the full earnings transcript.
Heavy Electrical Equipment company ABB India announced Q4CY24 results Revenue: Rs 3,365 crore compared to Rs 2,757 crore during Q4CY23. PBT: Rs 705 crore compared to Rs 454 crore during Q4CY23. PBT margin: 21% for Q4CY24. PAT: Rs 532 crore compared to Rs 345 crore during Q4CY23. PAT margin: 15.8% for Q4CY24. EBITDA: Rs 639 crore compared to Rs 409 crore during Q4CY23. EBITDA margin: 19% for Q4CY24. Sanjeev Sharma, Managing Director, ABB India, said: “2024 has been another year of record high orders, revenue, and margins. This year, ABB India celebrates 75 years of manufacturing and Innovation in India, with an exhaustive production footprint, deep customer installed base and solid local supply chain. We continue to bring the best of global technology with local engineering and manufacturing for our customers and partners. I am proud of the ABB India team who have consistently delivered between 16% and 20% CAGR of top and bottom-line growth for the last five years through multiple capex cycles and geopolitical shifts. Our relentless customer centricity enables us to grow alongside our partners. We follow “local for local” strategy with a diversified portfolio deployed in multiple, diversified customer segments. We stay prepared to navigate pockets of opportunities as they arise in India’s vibrant and broadening market base. Our growth areas are well balanced between core segments that follow capex cycles, emerging segments growing rapidly on a smaller base and steady growth segments to deliver consistent performance. Sustainability in practice remains our focus in what we do to conserve resources in each dimension of our operation a significant percentage of our supplier partners are committing to their green journeys as a force multiplier. We have always taken a longer-term view on our operations and how we serve our customers in India, and our commitment to innovation, resilience, and strategic partnerships remains unwavering. We will continue to navigate opportunities and challenges with agility and foresight led by a good leadership team across divisions, ensuring sustainable growth and value creation for all our stakeholders." Result PDF