ABB India Ltd. share price target

Domestic/export revenue mix stood at 93%/7% vs (92%/8% in Q1CY24). We revised our EPS estimates for CY25/CY26 by -1.5%/-1.5% factoring in executing delays in Process Automation. ABB India (ABB) reported quarterly performance with modest revenue growth of 2.6% YoY with flattish EBITDA margin of 18.4%. During the quarter, the growth was led by strong momentum across all segments except in Process automation which was impacted by a change in delivery schedule. Order book pipeline remains robust seeing strong...

ABB India’s 1QCY25 results were lower than our estimates. Revenue/EBITDA/PAT growth of 3% each YoY for the quarter was impacted by softer execution, particularly in the process automation segment.

ABB, in its annual report, highlighted its focus on high-growth segments and deeper penetration into Tier 2 cities, along with new product development. During the year, the company continued to benefit from demand for premium products and increased penetration into Tier 2 and Tier 3 cities.

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).

Domestic/export revenue mix stood at 89%/11% vs (90%/10% in Q4CY23). normalization and transient base order moderation but upgrade the rating to sustained growth momentum. ABB India (ABB) reported strong quarterly performance with revenue growing 22.0% YoY and EBITDA margin expanding by 440bps YoY to 19.5%. During the quarter, the growth was led by strong...

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.