ABB India Ltd. share price target

ABB India (ABB) reported a strong Q4CY24 result with revenue of INR 33.7bn (+22% YoY), EBITDA of INR 6.6bn (+58% YoY) and PAT of INR 5.3bn (+54% YoY). EBITDA margin continued its uptrend to 19.5% for the quarter (+440bps YoY).

ABB India (ABB) reported muted revenue of INR 29bn, +5% YoY compared to double-digit growth reported in last 14 quarters. Note that revenues grew by 19%, 24%, 22% and 20% in CY21, CY22, CY23 and H1CY24 respectively.

ABB India (ABB)’s 3QCY24 performance was below our expectations due to lower-than-expected order inflows and execution.

Strong topline growth of 27.8% with gross margin above 40% after 6 years; EBITDA margin expands 650bps YoY to 18.3% in Q1

ABB, in its annual report, highlighted its growth strategy to continue targeting
high growth profitable markets that benefit from key megatrends. The
company’s improved penetration into Tier II and Tier III cities, higher
localization efforts, benefits from global feeder factories for exports, and
improved product portfolio are helping it expand its presence across markets
spanning 23 market segments.

ABB: Ends the year on a high note

Healthy Q4 led by growth across segments; order inflows swelled 35% YoY and backlog held strong at Rs 84bn

Robust quarter with revenue up 31% YoY and 590bps EBITDA margin expansion aided by the robotics and robotics segments

ABB India (ABB) has reported another (after having reported bumper Q1CY23) superlative set of earnings in Q2CY23 with 22% YoY growth in revenue, 75% YoY growth in EBITDA led by 420bps YoY expansion in margin and 101% YoY increase in profit.

A solid quarter. Q1CY23 result ticked all the right boxes. ABB reported a strong order inflow - grew 36% YoY. Order inflow has reported >20% growth in the last six consecutive quarters. Revenue grew 23% YoY, EBITDA margin expanded 230bps YoY.

Robust Q1 with revenue up 23% YoY and EBITDA margin expansion of 230bps aided by the robotics and electrification segments